(Aug. 2005) City CarShare Appoints New CEO To Lead Bay Area Expansion

FOR IMMEDIATE RELEASE

San Francisco (August 3, 2005) – City CarShare, the largest non-profit car-sharing organization in the U.S., today announced that its Board of Directors has named Rick Hutchinson to serve as the organization’s Chief Executive Officer. Hutchinson is a senior executive with 20 years of experience leading companies’ successful growth, including a special interest and expertise in socially-responsible business development. Hutchinson joins City CarShare as CEO rather than Executive Director to better reflect the organization’s increased business style and focus. Hutchinson will lead City CarShare’s expansion plans and guide the organization’s growth to enhance services for its increasing membership. Since 2000, Hutchinson served as the Principle of Acceleration Management, a strategic growth consulting and business planning firm specializing in new ventures and established companies. Hutchinson previously served as the President and CEO of StockPower and prior to that as President and COO of BankLink. Hutchinson holds a B.A. in Economics and a B.A. in Journalism from the University of California, Berkeley and a Masters in Business Administration from Columbia University. “Rick is the perfect choice for City CarShare’s CEO. He knows our business, he believes in our mission and he has an excellent track record as a successful technology executive,” said Michael Yarne, chairman of City CarShare’s Board. “City CarShare is in a very strong position to accelerate its growth in the Bay area. Rick will spearhead the introduction of new services and vehicles, significant technology upgrades and a new phase of expansion to add more members and more locations in our core markets of San Francisco, Berkeley and Oakland.” During the last eight months, City CarShare opened nine new locations and launched an innovative and cost-effective public fleet replacement program with the City of Berkeley. City CarShare has also received an enthusiastic response from businesses — over 100 to date — and is expanding its successful company fleet-replacement program as car-sharing has proved cheaper and easier than owning and maintaining a fleet. “In less than five years, City CarShare has grown to become a Bay area institution, providing reliable and affordable transportation to 4,000 active members,” said Hutchinson. “I’m looking forward to working with our dedicated staff and members to expand the organization’s technological capabilities, and grow the fleet to provide our members with an innovative and reliable means of transportation that is good for the environment and the community.” As part of its major Bay Area expansion, City CarShare will be adding several more San Francisco locations in the near future, including one at the new headquarters for the California Institute for Regenerative Medicine (CIRM) at 250 King Street, directly across from SBC Park in the heart of Mission Bay. San Francisco Mayor Newsom and Supervisor Alioto-Pier invited City CarShare to be part of the winning package that influenced CIRM to locate its new stem cell research facility in the center of the Bay Area’s burgeoning life sciences community.

About City CarShare

Launched in 2001, City CarShare is the largest nonprofit car-sharing organization in the U.S., serving over 4,000 active members with over 90 vehicles in more than 45 locations throughout the Bay Area for $4/hour and 44¢/mile. Prices include gas, insurance, parking, cleaning, and maintenance. A cheaper, greener way to drive, City CarShare offers a choice of compacts, pickup trucks, hybrids, and stylish green VW Beetles to its individual and business members. For more information or to become a member, visit citycarshare.org or call (415) 995-8588.