COSTA MESA, Calif., Nov. 11, 2013 (GLOBE NEWSWIRE) -- www.t3motion.com - T3 Motion, Inc. (OTCBB:TTTM) the leading provider of EV technology to commercial, consumer, law-enforcement and government markets, today announced that beginning today, it will begin offering a new T3 Vehicle rental program designed to meet the short term needs of conventions, concert promoters, security providers and special event planners throughout North America.
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The new rental division of will provide short term vehicle rentals, of all models and configurations, of our T3 Patroller(TM) and Vision(TM) Series vehicles. Vehicles may be rented the day, week or month in much the same way as is traditionally done throughout the automotive industry.
"As we continually look for ways to grow our business, this is another great opportunity for T3 Motion to facilitate the use and sales of our vehicles nationwide while simultaneously opening a very large and untapped rental market throughout the entertainment, special events and convention industries with tremendous potential," said William Tsumpes, T3 Motion's CEO. "We expect to have local inventory in the top five convention cities in the U.S. in the coming weeks including Las Vegas, Chicago, Orlando, New York and Anaheim with service to the entire country available from local dealer locations and depots nationwide by December," stated Tsumpes.
In exploring the market, according to the Center for Exhibition Industry Research in Chicago, there are more than 13,000 exhibitions and tradeshows held in the US per year, most of which require the presence of security and patrol services whose services could be greatly enhanced through the use of our Patroller(TM) line of vehicles. The overall market is estimated to include more than 35,000 other special events such as concerts, state fairs and large public gatherings.
T3 Rentals may be reached by contacting Mr. Doug Rodgers, V.P. of Global Service Monday through Friday, 8am to 5pm Pacific Time at (714) 619-3600 ext. 190.
T3 Motion, Inc. (OTCBB MKT: TTTM) headquartered in Orange County, California, T3 Motion is dedicated to raising the bar on personal mobility technology. More than 5,000 T3 Series vehicles have been deployed in over 30 countries worldwide. For more information, visitwww.t3motion.com.
“Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding T3 Motion’s business, which are not historical facts, are "forward-looking statements" that are not guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, among others, factors associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering. For additional information concerning these and other factors that may cause actual results to differ from thsoe contained in the forward-looking statements, see "Risk Factors" in the Company’s Registration Statement filed on Form S-1, as amended, and in periodic reports the Company files from time to time with the Securities and Exchange Commission.
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