Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition Target for Uber or Lyft Enters Medical Transportation Market

Date : 08/29/2017 @ 7:01AM
Source :InvestorsHub NewsWire
Stock : Soupman Inc. (PN) (SOUPQ)
Quote : 0.006454  -0.002446 (-27.48%) @ 2:27PM

Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition Target for Uber or Lyft Enters Medical Transportation Market

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)

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://emerginggrowth.com/74653897-2/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

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