COMMUNAUTO HOPES THAT ZIPCAR'S INITIAL PUBLIC OFFERING WILL MAKE IT A GREENER AND MORE ECONOMICALLY SUSTAINABLE ORGANIZATION

QUEBEC, April 14 /CNW Telbec/ - Communauto, the company that introduced carsharing to North America, hopes that the launch of Zipcar's IPO on the NASDAQ this week will turn the organization towards a more environmentally and economically sustainable model of carsharing.

"Communauto has always been concerned by Zipcar's difficult economic situation - which was highlighted by the NASDAQ's qualifying process* - and its adoption of a commercial (rather than an environmental) orientation, both of which could affect the image of carsharing in the eyes of the government as well as the general public. It would be disappointing if, after 10 years of operation, Zipcar's lack of profitability is viewed as a failure of the carsharing concept rather than a failure of the business model adopted by the company: one which is halfway between a traditional car rental model and carsharing," declared Mr. Benoît Robert, Founder and CEO of Communauto.

The strong economic performance shown in recent years by numerous carsharing organizations that have stayed loyal to the social, urban, and environmental motivations that gave birth to this industry, as opposed to moving to a more commercially-motivated model, proves the strength of their business model which should inspire Zipcar's present and future shareholders.

The majority of these organizations have recently come together as part of the CarSharing Association (www.carsharing.org).

"We are convinced that public pressure will force Zipcar to put its financial affairs in order and to be inspired by the good practices developed elsewhere, which could allow it to reconcile its economical, ethical and environmental objectives as other companies have done, such as Communauto in Quebec and Mobility in Switzerland. The potential arrival of a large group of investors sensitive to these issues to Zipcar's stockholders could push the company in that direction. We view this evolution as an important and necessary step, as it is only through Zipcar's financial health and the consistency of its actions with its fundamental mission that Zipcar's new investors can contribute to the strengthening of the carsharing industry."

*Zipcar has accumulated, to date, a deficit of over $65 million. The available results for the 2010 fiscal year show a deficit of $14.1 million (for a revenue of $186.1 million), compared to a deficit of $4.6 million the previous year.

About Communauto

Communauto, the oldest carsharing service in North America, is a company with an urban, social and environmental mission that serves more than 23,000 users thanks to a fleet of some 1,200 self-service cars, available 24/7, in combination with public transit and active transportation modes. Communauto vehicles are found in more than 350 stations, located in Montréal, Québec City, Gatineau and Sherbrooke. For more information about Communauto and its network of parking stations, visit: www.communauto.com.

SOURCE COMMUNAUTO

For further information:

Communauto inc.
Marco Viviani
Director of Development and Public Relations
Tel: 514 499-8099 extension 2119
mviviani@communauto.ca
www.communauto.com

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