Future Capital Development Fund

Australia’s leading Internet venture accelerator, Future Capital Development Fund (FCDF), today announced it has invested in another Internet company, DriveMyCarRentals.com.au (DMCR), the first company in the world to successfully commercialise peer-to-peer (“P2P”) car rental.

DMCR is online web based service that promotes and facilitates private car rentals, also known as peer-to-peer (“P2P”) carsharing. The company developed anonline platform that connects Drivers with Car Owners willing to rent out their car. By renting privately,Car Owners canoffset some or all of the fixed costs of car ownership. The benefits of the service extend to Car Renters as well, giving them accessto the largest range of rental cars in Australia, with savings of up to 80%, compared to traditional car rental prices.

Domenic Carosa, Executive Chairman of FCDF stated “DMCR is a disruptive business model and has first mover advantage in the Australian marketplace. Offering over 40 car makes across short & long term rentals periods, the company fills a gap in the market not currently serviced by the car rental or automotive leasing sector. We’ve been impressed by Daniel (Daniel Noble, CEO of DMCR) and the team he’s assembled. He’s built what we look for: a strong capable team committed to great technology, service and a business with strong global potential.”

Daniel Noble, CEO of DMCR stated, “We welcome Future Capital as a cornerstone investor. We believe they have the right skills to help build further value in the business”

Domenic Carosa, Executive Chairman of FCDF, is an Internet pioneer and strongly believes that strategically backed ventures like those within the FCDF stable will ride the wave of the next Internet boom.

For further information contact

Domenic Carosa – Chairman of Future Capital – 0411 19 69 79 or email dom@futurecapital.com.au

Daniel Noble – CEO DriveMyCar Rentals – 0422 461 500 or email daniel@drivemycarrentals.com.au