Abrams Consulting Launches New CarSharing Advisory Service


PURCHASE, NY--(Marketwire - January 12, 2009) - Neil Abrams, President of Abrams Consulting Group, Inc. ("ACG"), the leading specialized consulting and research firm serving the global auto rental and allied industries since 1982, has announced the formation of ACG's newest business unit, Abrams CarSharing Advisors ("ACA"). ACA, to be led by Julian Espiritu, a veteran of the auto rental and CarSharing industries for over 20 years, including as an executive of industry leader Zipcar as its head of New York operations, will be focused exclusively on introducing CarSharing advisory services to businesses, institutions, and government agencies.

CarSharing, using a membership and all-inclusive hourly rental business model which is supported by a fully integrated, virtual IT platform, has been available in Europe for decades, beginning as an environmental movement. In the mid-90s, CarSharing found its way to the U.S., where two companies, Flexcar and Zipcar (recently merged as one company -- Zipcar) were founded as for profit businesses.

In response to the questions, "Why CarSharing, why now?", Abrams explains, "For over 26 years, ACG has remained in the forefront of the evolution of the auto rental and transportation industries. We have worked with our clients to look beyond the horizon, to stay ahead of the curve, to challenge existing business models, and adjust to changes in consumer behavior and market dynamics. CarSharing's time has come as it taps into long-term cultural, environmental, economic, and life style shifts, and is poised to become a multi-billion dollar global industry. ACA has been formed to assist existing and new businesses, corporate fleet operators, and others who have short-term transportation needs, to exploit the enormous value proposition offered by CarSharing."

Julian Espiritu, ACA's new Managing Director, adds, "I have experienced firsthand, after several years working with the CarSharing business model, the power and potential of this innovative ground transportation alternative. ACA will be offering a broad spectrum of advisory services, management tools, systems, and technologies to assist the many customer segments that we have identified as potential clients for our new business unit. Combining our expertise in the CarSharing field, together with the reputation, intellectual property and global reach of the ABRAMS brand of consulting services to the travel and transportation industry, I am extremely excited about ACA's prospects."

ACA will be operating out of offices in New York and New Jersey, and affiliated offices worldwide.

ABOUT ACG

Abrams Consulting Group, Inc. ("ACG"), based in Purchase, NY and formed in 1982 by Neil Abrams, a former Hertz executive, has grown into the leading specialized consulting and research firm serving the global auto rental, travel, transportation, and allied industries. The scope of ACG's consulting projects include but are not limited to business development, strategic planning, revenue and profit optimization, management controls and systems, operations analyses, performance benchmarking and metrics, competitive analysis, a full range of market research and data reporting services, and business management services. ACG's consulting and research services are provided through affiliated offices in Europe, Asia, and Latin America. For more information on ACG, visit www.abramsconsulting.com.

Contact Information: CONTACT: Neil Abrams Julian Espiritu 914-696-5100