Ecologic Transportation, Inc. Retains North Sea Securities LP as Its Investment Bank.

SANTA MONICA, Calif. -- Ecologic Transportation, Inc. ("Ecologic Transportation" or the "Company") (OTCBB:EGCT) today announced it has signed a financial advisory and investment banking services agreement with North Sea Securities LP. Under this agreement, North Sea Securities will advise Ecologic Transportation in structuring and executing transactions, act as its placement agent for equity, and assist it with a full range of corporate debt transactions for acquisitions and fleet financing.

"Working with North Sea Securities will allow us to accelerate the implementation of our business plan by providing strategic advice and execution to help us meet our capital structure needs," said William N. Plamondon III, President and Chief Executive Officer of Ecologic Transportation, Inc. "We are pleased to have them on board and look forward to a long successful relationship."

ABOUT ECOLOGIC TRANSPORTATION, INC.

Headquartered in Santa Monica, CA, Ecologic Transportation, Inc., is a holding company with wholly owned subsidiaries all dedicated to environmentally friendly transportation products and services. The company encompasses three separate but integrated operations that address the environment and transportation holistically: Ecologic Car Rentals, Ecologic Systems and Ecologic Products. This innovative company has an unbiased approach to green cars and clean fuels by providing a platform for all emerging environmental transportation technologies. For more information: www.ecologictransportation.com. For more news and information on Ecologic Transportation, please visit http://www.myshareholder.com/ecologic-transportation.html where you can follow Ecologic on Facebook, Twitter, and You Tube.

ABOUT NORTH SEA SECURITIES

North Sea Securities is a wholly owned subsidiary of North Sea Partners LLC, a private investment banking firm. North Sea delivers the highest level of independent strategic advice and execution to help clients meet their capital structure needs. North Sea identifies and advises on transactional solutions that preserve enterprise value for its clients and create greater certainty of return for investors. With offices in New York and London, the firm's professional team brings together over 25 decades of experience and innovation across all sectors of the credit markets. To learn more about North Sea, please visit the company's website at: http://www.nspartnersllc.com.

FORWARD-LOOKING STATEMENTS 

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.