City Carshare Announces the Arrival of Larry Magid as its New Executive Director; Magid Brings Extensive Transportation Experience to Urban Car-sharing Program.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 18, 2002

City CarShare announced today that it has chosen Larry Magid as its new executive director. Magid is expected to begin work in his new position on December 2.

"We're pleased to welcome a veteran transportation expert as executive director of City CarShare," said Gabriel Metcalf, Chairman of City CarShare's Board of Directors. "City CarShare is at a pivotal moment in its existence. Our overwhelming popularity has created the need to rapidly expand across the Bay Area. Larry is just the person to help us continue our mission."

"My goal as Executive Director will be to make City CarShare an integral part of our transportation network by putting a City CarShare green Beetle within walking distance of millions of Bay Area residents," said Magid. "I also want to see car-sharing enhance the mobility of lower-income families and extend the reach of public transit."

No stranger to Bay Area transportation issues, Magid was most recently a consultant to the Metropolitan Transportation Commission in Oakland where he was project manager of the San Francisco Bay Crossings Study. Prior to working for the MTC Magid served as Deputy Transportation Secretary in the California Business, Transportation and Housing Agency.

Magid also served as executive director of the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) under the chairmanship of California State Treasurer Philip Angelides.

From 1996 through 1999 Magid was General Counsel and Director for Transportation Legislation of the National Governors' Association in Washington, DC, where he spearheaded the nation's governors transportation lobbying. From 1994 to 1996 he was a transportation policy analyst with the United States Office of Management and Budget, preparing President Clinton's budget for the Federal Aviation Administration, the National Transportation Safety Board, and the Office of the Secretary of Transportation.

An Oakland resident Magid, 36, is a graduate, magna cum laude, of Harvard College, and he earned a law degree from the University of California at Berkeley, Boalt Hall School of Law, and a masters in Public Policy from the John F. Kennedy School of Government.

Launched in 2001, City CarShare is an innovative program that allows people to "share" cars by renting them for short periods of time to attend meetings, visit clients and friends or run errands. With cars strategically located in city parking lots, select on-street locations, BART stations and other transit centers, and mixed-use housing developments, City CarShare allows people in San Francisco, Berkeley, Oakland and Palo Alto to forgo owning their own car, thereby reducing congestion, the need for parking, air pollution and reliance on natural resources.

Headquartered in San Francisco, City CarShare has more than 2,000 members. To be a member of City CarShare you must be at least 21 years old and have a California driver's license. The program has a fleet of 80 cars, including 10 electric vehicles. For more information, see www.citycarshare.org

NOTE TO EDITORS: Photographs of Mr. Magid are available.