LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES EXPANSION TO NEW CORPORATE AND TECHNOLOGY HEADQUARTERS BY LEASING PREVIOUS JETSMARTER...
September 15 2020 - 4:00PM
LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or
“LMP”), an e-commerce and facilities-based platform for consumers
who desire to buy, sell, subscribe for or finance pre-owned and new
automobiles, today announced its expansion to a new corporate and
technology headquarters by leasing jetsmarters previous office
space located at 500 East Broward Blvd. in Fort Lauderdale,
Florida.
Richard Aldahan, LMP’s Chief Operating Officer
stated,
“This is perfect timing given our recently announced rapid
growth and acquisitions. This space provides a cost-effective and
seamless expansion to support customer service, quality assurance,
logistics and fulfillment, e-commerce, sales and distribution. As
we previously announced, we expect to have over 4,000 vehicles
exposed and available on our online platform for our customers in
2021 as we begin to integrate and add to inventories shortly after
closing our acquisitions that are currently under contract.”
Sam Tawfik, the Company's Chairman and Chief Executive
Officer stated, “This is the most modern technology centric
space that we have seen in Fort Lauderdale and, as Richard has
stated, “perfect timing” as we intend to launch our mobile
subscriptions app. shortly, followed by our mobile sales app. in
addition to adding senior management to support LMP’s growth and
aggressive acquisition and integration plan.”
ABOUT LMP AUTOMOTIVE HOLDINGS, INC. – “BUY, SUBSCRIBE, SELL
AND REPEAT.”LMP Automotive Holdings, Inc. (NASDAQ: LMPX)
describes its business model as “Buy, Subscribe, Sell and Repeat.”
This means that we “Buy” pre-owned automobiles primarily through
auctions or directly from other automobile dealers, and new
automobiles from manufacturers and manufacturer distributors at
fleet rates. We “Subscribe” to our customers by allowing them to
enter into our subscription plan for automobiles in which customers
have use of an automobile. Our subscription plans offer the
flexibility to upgrade your vehicle to a more premium model or
downgrade for a lesser cost model when you like. We “Sell” our
inventory, including automobiles previously included in our
subscription programs, to customers as well, and then we “Repeat”
the whole process.
For more information visit: https://lmpmotors.com/.
FORWARD-LOOKING STATEMENTS:This press release may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Such statements include, but
are not limited to, any statements relating to our expectations,
beliefs, projections, future plans and strategies, anticipated
events or trends and similar matters that are not historical facts.
These statements may be preceded by, followed by or include the
words “aim,” “anticipate,” “believe,” “estimate,” “expect,”
“forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,”
“project,” “projection,” “seek,” “can,” “could,” “may,” “should,”
“would,” will,” the negatives thereof and other words and terms of
similar meanings. Forward-looking statements are based on
management’s current expectations and are subject to risks and
uncertainties that could negatively affect our business, operating
results, financial condition and stock value. Factors that could
cause actual results to differ materially from those currently
anticipated include: our dependence upon external sources for the
financing of our operations; our ability to effectively executive
our business plan; our ability to maintain and grow our reputation
and to achieve and maintain the market acceptance of our services
and platform; our ability to manage the growth of our operations
over time; our ability to maintain adequate protection of our
intellectual property and to avoid violation of the intellectual
property rights of others; our ability to maintain relationships
with existing customers and automobile suppliers, and develop
relationships; and our ability to compete and succeed in a highly
competitive and evolving industry; as well as other risks described
in our SEC filings. There is no assurance that any forward-looking
statements will materialize. You are cautioned not to place undue
reliance on forward-looking statements, which reflect expectations
only as of this date. We expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as
required by law.
MEDIA CONTACT:
John Mattio
President and Founder
Lamnia International
(203) 885-1058
jmattio@lamniacom.com
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