DropCar, Inc. (Nasdaq: DCAR) Rings The Nasdaq Stock Market Opening Bell
February 20 2018 - 4:00PM
DropCar (NASDAQ:DCAR), a provider of automotive vehicle support and
logistics services for both consumers and the automotive industry,
today celebrated its recent listing on the Nasdaq Capital Market by
ringing the Nasdaq Stock Market Opening Bell. The company acquired
its symbol upon the completion of its merger with WPCS
International, which was completed on January 30, 2018.
“We are positioned to become the middleware for the new urban
mobility,” said Spencer Richardson, co-founder and CEO of DropCar
at the bell ringing ceremony. “Our cloud-based logistics platform,
combined with our mobile app and hundreds of professionally-trained
drivers enables us to ensure consumers have the vehicle they want
at the place they want at the time they want it.
“We’re working toward a future where our app is not only on your
phone, but in your car, on your Echo, Google Home and on your Apple
HomePod. You will be able to say: ‘I want the SUV charged up and
ready at 5:30 pm today at home.’ And boom – it will be there.”
DropCar’s cloud-based platform and mobile app blends the
efficiency and scale of cloud computing, machine learning and
connected cars with the high-touch of highly trained drivers to
help both consumers and mobility-related companies overcome the
costs and logistics headaches of vehicle ownership and access in
congested cities.
DropCar provides consumers with best-in-class, on-demand vehicle
pickup, parking, service, and delivery. DropCar’s logistics
platform helps dealers, leasing companies, and shared mobility
companies reduce costs, better serve customers and create new
revenue streams.
Photos and video of the bell ringing ceremony with DropCar can
be found at:
http://business.nasdaq.com/discover/market-bell-ceremonies/detail.html#!/!?ceremonyId=8000
About DropCarFounded and launched in New York
City in 2015, DropCar (NASDAQ:DCAR) offers its Vehicle Support
Platform (VSP), a cloud-based platform and mobile app that help
consumers and automotive-related companies reduce the cost, hassles
and inefficiencies of owning a car, or fleet of cars, in urban
centers. Its technology platform blends the efficiency and scale of
cloud computing, machine learning and connected cars with the
high-touch of highly trained valets to move cars to/from fully
staffed, secure garages to/from the people (or businesses) who own
them. Consumers use DropCar’s mobile app to ease the cost and
stress of owning a car in the city. Dealerships, leasing companies,
OEMs and shared mobility companies use DropCar’s enterprise
platform to reduce costs, streamline logistics and deepen
relationships with customers. More information is available at
www.dropcar.com.
Forward-Looking StatementsThis
press release contains “forward-looking statements” that involve
substantial risks and uncertainties for purposes of the safe harbor
provided by the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical facts, included
in this press release regarding strategy, future operations, future
financial position, future revenue, projected expenses, prospects,
plans and objectives of management are forward-looking statements.
Such statements are based on management’s current expectations and
involve risks and uncertainties. Actual results and performance
could differ materially from those projected in the forward-looking
statements as a result of many factors, including, without
limitation, the ability to project future cash utilization and
reserves needed for contingent future liabilities and business
operations, the availability of sufficient resources of the
combined company to meet its business objectives and operational
requirements and the impact of competitive products and services
and technological changes. The foregoing review of important
factors that could cause actual events to differ from expectations
should not be construed as exhaustive and should be read in
conjunction with statements that are included herein and elsewhere,
including the risk factors under the heading “Risk Factors” in
DropCar’s filings with the Securities and Exchange Commission.
Except as required by applicable law, DropCar undertakes no
obligation to revise or update any forward-looking statement, or to
make any other forward-looking statements, whether as a result of
new information, future events or otherwise.
Media Contact
John Williams, Scoville PR for DropCar
jwilliams@scovillepr.com (206) 625-0075
Investor Relations Contact
Daniel Gelbtuch, VP of Corporate Finance for DropCar
daniel@dropcar.com (917) 509-9582
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