Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition
Target for Uber or Lyft Enters Medical Transportation Market in 50
Cities
Miami, FL--(InvestorsHub NewsWire August 29, 2017)
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on Flitways
Technology, Inc. (OTC Pink: FTWS).
509% Recurring User Revenue Growth
702% Enterprise and Corporate Revenue Growth
Strong growth, Attractive corporate structure, could be a great
acquisition target for Uber or Lyft.
FTWS may not be at these
levels much longer.
See the Full Press Release and other
stories on Flitways Technology, Inc. (OTC Pink: FTWS) at EmergingGrowth.com
http://emerginggrowth.com/?s=ftws
Flitways Technology, Inc. (OTC Pink: FTWS), has working relationships
with some of the worlds most recognizable companies, including
Pokemon, Amazon.com, Inc. (NASDAQ: AMZN), Samsung Electronics Co.,
Ltd. (OTC Pink: SSNLF), Xerox Corp (NYSE:
XRX), Rolls Royce, and more.
Flitways maintains operations across more than 170 cities, 400
airports, and manages a fleet of nearly 20,000 vehicles worldwide.
Furthermore, management expects to expand operations to an
additional 70-100 cities by the end of 2017.
FTWS just announced that it is launching its non-emergency
medical transpiration (NEMT) services for low risk patients by
partnering with healthcare organizations including JMAC, Aid in
Recovery and PrimeCare to provide transportation for their patients
requiring support, as opposed to utilizing costly ambulatory
vehicles.
See Todays FTWS press release.
This opens Flitways (OTC
Pink: FTWS) up to a whole new revenue
vertical.
FTWS just reported a 509% increase in recurring user revenue and
a 702% increase in Enterprise and Corporate Revenue, along with the
following metrics.
Second Quarter 2017 Key Business Metric Highlights
- Revenue grew in the second quarter of 2017, reflecting 509%
growth compared to second quarter 2016
- Total users grew 36% compared to second quarter 2016
- Recurring users also saw an increase of 35% compared to second
quarter 2016
- Cities served grew to 220 compared to 110 as of September
2016
- Drivers Drivers and providers grew 85% year over year
- Mobile app installs grew 52% month over month
- Enterprise & Corporate Accounts grew 60% compared to the
second quarter of 2016
Also recently, the company announced that they furthered their
international presence into New Zealand while they continue to
expand the breadth of the markets they serve.
Flitways is a Los Angeles, California-based travel technology
and services company which focuses on two large and under-served
markets and has two important and valuable assets. Flitways
business segments are: (i) a novel solution for enterprises looking
to create a more seamless, easy to view, and cost-saving ground
transportation solution for its employees; and (ii) a robust global
network of car services and drivers that provides a source of
additional (ancillary) revenue and integrated booking and
itineraries for travel providers (e.g., airlines) and travel
distributors (e.g., Kayak).
Flitways services are delivered through a fully integrated and
customizable enterprise software suite, which allows any business
to easily manage its ground transportation needs through both its
administrator website and simple to use IOS and android apps.
https://itunes.apple.com/us/app/flitways-prev.-oncabs/id1032232376?mt=8
https://play.google.com/store/apps/details?id=com.mobile.taxibooking.ui
One of the first concerns that some may have is whether Flitways
will be in direct competition with Uber and Lyft.
In our opinion, the right question to ask oneself is, will it be
Uber or Lyft that acquires Flitways in order to round out their
ecosphere and technology base.
Uber and Lyft provide taxi-like service primarily to the
consumer market, but also are commonly used by business travelers.
Although these two companies have rolled out varying classes of
vehicles that can provide rides to even high-end and business
markets, they do not provide billing, compliance, third party
dispatch management, or seamless itinerary services that are the
core of Flitways offering
As of the time of writing, Flitways has a market cap of only
$3.5 million. The travel technology company has 150 million
authorized shares, 58.53 million shares outstanding, and a float
consisting of only 15 million shares as of May 2017. During the
first quarter 2017, the company reported total revenue of $406,000
(equating to sales growth of 230% compared to the first quarter
2016). see FTWS press release of June 13, 2017.
FTWS may not be at these
levels much longer.
See the Full Press Release and other
stories on Flitways Technology, Inc. (OTC Pink: FTWS) at EmergingGrowth.com
http://emerginggrowth.com/?s=ftws
Other Emerging Growth News
Soupman, Inc.
Shares of Soupman, Inc., (OTC Pink: SOUPQ) have been all but dormant
until five trading sessions ago when the stock traded up almost
4,000% on about $2.5 million. While no news has been announced from
the company, they did however file form 8K which reads WealthColony
Management Group, LLC purported to have obtained 51% voting power
and that there could be a change in the current directors.
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
Bigfoot Project Investments, Inc.
Bigfoot Project Investments, Inc., (OTC Pink: BGFT) a company surrounding the
potential capture of Bigfoot, traded somewhere around 300,000
shares over the past 12 months combined. However on Friday the
stock traded almost 200,000 shares and yesterday just over 1
million shares alone.
The company has not released news since June, and in its recent
10-Q, the company reported $1,448.00 in sales, while having a
market value of $34 million, after its 50% decline. Do you think it
has more to go?
Inovative Media Group, Inc.
Innovative Media Group, Inc. (OTC Pink: INMG) on its latest run showed
investors a 166% gain, making it a total of 1,300% over the past
two months. Way to go! Bollinger Bands are wide indicating a down
turn, which could happen prior to yet another run.
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
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