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Ecologic Transportation, Inc.
Symbol:  EGCT


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Business Summary: Ecologic Transportation, Inc., a development stage company, plans to engage in the rental of environmentally friendly hybrid electric and low-emission vehicles to the public. The company intends to rent vehicles in the compact, full-size and sport-utility vehicle classes.
 
Address
  1327 Ocean Avenue, Suite B
  Santa Monica , CA 90401
  Phone: 310-899-3900
  Website: http://www.ecologictranspo.com
Auditor
  Stark Winter Schenkein & Co., LLP
Transfer Agent
  Island Stock Transfer
Employees:  24
ShareHolders:  84
Founded:  2005
Domicile:  Nevada
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Ecologic Transportation, Inc., a development stage company, plans to engage in the rental of environmentally friendly hybrid electric and low-emission vehicles to the public. The company has two subsidiaries in addition to its car rental unit: Ecologic Systems, Inc. and Ecologic Products, Inc. Through its rental car division, Ecologic intends to rent only environmentally friendly vehicles in the compact, full-size and sport-utility vehicle classes. The company intends to rent cars on a daily, multi-day, weekly and monthly basis. Ecologic expects that its primary source of revenue will consist of base time and mileage car rental fees which can include daily rates including mileage. It expects to also charge an additional fee for one-way rentals to and from specific locations. In addition to rental fees, Ecologic intends to sell other optional products to its customers, such as collision or loss damage waivers, supplemental liability insurance, personal effects coverage and gasoline. Customers will make rental reservations via the company's website, www.ecologictranspo.com, at proposed partners' websites, at the rental counter at any of Ecologic's proposed locations, by phone, through several online travel websites that Ecologic intends to partner with or through a corporate account program. Ecologic has held discussions with certain auto manufacturers about coupling green marketing initiatives with fleet sale programs. Through its systems unit, Ecologic intends to develop and manage the greening of gas stations by retrofitting them with alternative energy options and solutions. To build this infrastructure, Ecologic intends to provide turnkey management, installation, and integration of equipment procurement, equipment installation, contracting, fuel, and regulatory tax incentive and grant subsidization proposals. In addition, the company's car rental business and its systems business intend to provide distribution channels for certain environmental products. Initially, Ecologic's business plan calls for the products to be focused on transportation and its ancillary markets. The company has developed Ecologic Shine, a proprietary waterless car cleaning process. The company's first objective is to purchase its fleet of rental cars and secure its proposed rental locations. Ecologic initially intends to have its rental locations located at airports on the west coast of the United States. The company intends to market its fleet to state governments, local governments and environmentally conscious organizations.
History:  INCORPORATED in Nevada Sept. 30, 2005, as Heritage Explorations, Inc.; name changed to USR Technology, Inc. June 20, 2008, and to Ecologic Transportation, Inc. June 9, 2009. On July 2, 2009, the company acquired Ecologic Sciences, Inc. through the merger of a wholly owned subsidiary of the company into Ecologic Sciences. The company issued 17,309,486 Common shares to the former shareholders of Ecologic Sciences. Ecologic Sciences was incorporated on Dec. 16, 2008, and commenced operations on Dec. 18, 2008.
 
Subsidiaries:
Ecologic Car Rentals, Inc.
Ecologic Products, Inc.
Ecologic Systems, Inc.
 
 
 
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Management
OfficersPosition
 Edward W. Withrow IIIChairman
 William N. Plamondon IIIPresident & Chief Executive Officer
 Erin E. DavisVP & Secretary
 Mark  BernhardInvestor Relations Contact

Directors
 Shelly J. Meyers
 John L. Ogden
 William N. Plamondon III
 Bernhard F.J. Steiner
 Edward W. Withrow, Jr.
 Edward W. Withrow III
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Preferred no par10,000,000None
Common $0.001 par75,000,00022,662,824
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  04/12/2010, 84.
PRINCIPAL STOCKHOLDERS: March 25, 2010, William N. Plamondon III owned or controlled 17.9% of the Common, and Edward W. Withrow III 16.4%.
 
Transfer Agent:  Island Stock Transfer   St. Petersburg , FL
 
OTC Bulletin Board( Primary): EGCT
 
ExchangeYearHighLow
OTC Bulletin Board20093.10000.6600
OTC Bulletin Board20086.00000.1200
 
DIVIDENDS: Common $0.001 par: No cash. Common split 6-for-1, Apr. 16, 2008. Common reverse split 1-for-3, Sept. 17, 2008. Common reverse split 1-for-2, June 11, 2009.
 
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Annual Report
 
Income Statement
  20092008
Revenues35-
Cost of sales44-
General and administrative expenses 1,2381
Net income(1,247)(1)
Share earns. basic($0.07)Nil
Share earns. diluted($0.07)Nil
 
Balance Sheet
  20092008
Assets:
Cash26-
Accts. rec., net27-
Prepaid expenses and other current assets62-
Tot. curr. assets115-
Other assets9-
Total assets124-
Liabilities:
Accounts payable and accrued expenses 243-
Tot. curr. liabs.243-
Related party loans93-
Stockholders' Equity:
Com. stk. p.$0.001236
Subscription receivable-(6)
Paid-in cap.1,0121
Retained earns.(1,247)(1)
Total Stockholders' Equity (212)-
Total liabs.124-
 
 * On June 11, 2009, USR Technology, Inc., merged with its wholly owned subsidiary, Ecologic Transportation, Inc., and changed its name to Ecologic Transportation, Inc. Effective July 2, 2009, the company issued 17,559,486 shares of its common stock for the acquisition of all of the issued and outstanding common shares in the capital of Ecologic Sciences, Inc. The issuance of the 17,559,486 common shares to the former shareholders of Ecologic Sciences, Inc. was deemed to be a reverse acquisition for accounting purposes. Ecologic Sciences, Inc., the acquired entity, is regarded as the predecessor entity as of July 2, 2009. Starting with the periodic report for the quarter in which the acquisition was consummated, the Company has filed annual and quarterly reports based on the December 31st fiscal year end of Ecologic Sciences, Inc.
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Interim Report   
 
Data Not Available
 
 
 
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Ecologic Transportation, Inc.
Symbol:  EGCT


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1480,000
  2009   210,000
  2009   3Nil
  2009   Full Year 30,000
  2008   4240,000
  2008   Full Year 240,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   2230,000
  2009   3(20,000)
  2008   Full Year (320,000)
  2007   Full Year (50,000)
  2006   Full Year (20,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1Nil
  2009   2(.01)
  2009   3Nil
  2009   Full Year (.07)
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4(.05)
  2008   Full Year (.03)
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year (.01)
  2006   3Nil
  2006   4Nil
  2006   Full Year (.01)
 
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