Flexcar Ready to Hit Gas Pedal for Growth; Adds Financial Expert to Board and Marketing Veteran to Management Team

SEATTLE--April 18, 2005--Flexcar, the nation's largest provider of car-sharing services, today announced that Stephen Campbell has joined the company's board of directors and marketing veteran Mark Nassutti has joined as director of special projects.

Flexcar's innovative program provides members with access to a fleet of environmentally friendly vehicles, including gas-electric hybrids and electric cars, located throughout selected U.S. metropolitan areas. Members reserve the vehicles for hourly use with Flexcar covering the cost of the car, gas, parking, insurance, and maintenance. Members pay an hourly or monthly rate for use of the vehicles.

"Over the past five years, Flexcar has proven the value proposition of the car-sharing model and is poised to become national leader in this enormous consumer and corporate market, and I'm excited to be part of the team that will make that happen," said Campbell.

Campbell is managing director of Inancia, Inc., a Seattle-based financial decision analytics company. He was previously CEO of Capital Stream and Devonshire Technology, and recently co-founded Tideline Capital, a San Francisco-based finance company. His early career was spent with Fidelity Investments in the U.S. and Europe, where he was responsible for investment research, M&A, and investment technology supporting over $600B in assets. Steve resides in Seattle and Maui with his wife Mona.

Nassutti is responsible for marketing, sales support, and the development and implementation of grant-funded programs. A seasoned marketing and operations executive, he came to Flexcar from TeachFirst, another Seattle-area startup, where he was chief marketing officer. He has also held executive positions at Eddie Bauer and Milgard Windows, and began his career in brand management at Frito-Lay. Nassutti holds an MBA and a BA from Stanford University.

"Flexcar is lucky to have people of Steve's and Mark's experience involved with the company at this stage of our development," said Lance Ayrault, president & CEO of Flexcar. "The company is about to embark on dramatic expansion throughout North America and they both know what it takes to build the right kind of organization capable of handling the challenge."

Following a successful European model, Flexcar launched its Seattle operations in 2000, and has since won numerous awards and commendations for its program that reduces congestion, air pollution and energy use, while increasing use of public transportation and contributing to sustainable communities. Used in conjunction with public transit, car/vanpools and walking/biking, car-sharing helps individuals meet their transportation needs in an economic and environmentally responsible manner, giving them the freedom of car ownership.

FLEXCAR

Headquartered in Seattle, Flexcar now operates car-sharing programs for more than 30,000 members in more than a dozen cities and counties in 5 states and the District of Columbia. With flexible pricing plans, members can reserve and drive any of these cars whenever and wherever they need to, without filling out complicated paperwork, paying for insurance, gas or repairs. Flexcar Business Memberships enable companies to augment or replace their fleet with Flexcar vehicles. Flexcar's modern fleet includes sedans, gas-electric hybrids, electric cars and specialty vehicles, including pickups and convertibles. Flexcar has established strategic partnerships with King County (Wash.) Metro, the Washington Metropolitan Area Transit Authority (WMATA), Parsons Transportation Group, American Honda Motor Company, Inc. and Bristol Bay Native Corporation.

Editor's Note: Correct spelling and punctuation of name is "Flexcar"; not FlexCar, Flexicar or Flex Car.