RumbleOn Announces Signing of Twelve Select Dealer Partnerships
18 December 2017 - 11:00PM
RumbleOn, Inc. (Nasdaq:RMBL), a disruptive e-commerce platform that
facilitates the ability of consumers and dealers to buy, sell,
trade, and finance pre-owned motorcycles in one online location,
today announced that it has signed twelve select dealer
partnerships operating in the states of Washington, Wisconsin,
Nevada, Arizona, Texas, Missouri and Florida. These select dealers,
represent all major motorcycle brands and manufacturers. Working
with trusted dealers to efficiently provide inspection,
reconditioning, and distribution services, these mutually
beneficial partnerships enable RumbleOn to rapidly scale its direct
from consumer acquisition strategy, strengthen the ability to
acquire quality inventory direct from consumers and drive further
growth in the business. The Company’s dealer partners gain access
to inventory through the RumbleOn platform, as well as an
incremental revenue source from the services provided.
Marshall Chesrown, RumbleOn Founder and CEO, commented, “We are
excited to further our mission to create the most trusted brand and
efficient online marketplace and distribution system in the
powersport/recreational vehicle market. Through these select dealer
partnerships, we now provide even better service to our customers
across the country, with an unparalleled seamless buying and
selling experience. In addition, these partnerships further
enhance the visibility of the RumbleOn marketplace, as we focus on
continuing to differentiate ourselves in the highly fragmented
resale market. We are very pleased with these partnerships thus
far, and look forward to continue rapidly expanding our presence
with additional trusted dealers throughout the country.”
About RumbleOn
RumbleOn operates a capital light disruptive
e-commerce platform facilitating the ability of both consumers and
dealers to Buy-Sell-Trade-Finance pre-owned motorcycle and other
powersport and recreation vehicles in one online location.
RumbleOn’s goal is to transform the way motorcycles and other
powersport and recreation vehicles are bought and sold by providing
users with the most efficient, timely and transparent transaction
experience. RumbleOn’s initial focus is the market for 601cc
and larger on-road motorcycles. Serving both consumers and
dealers, through its online platform, RumbleOn makes cash offers
for the purchase of their vehicles and intends to provide them the
flexibility to trade, list, or auction their vehicle through
RumbleOn’s website and mobile applications. In addition, RumbleOn
offers a large inventory of used vehicles for sale along with
third-party financing and associated products. For additional
information, please visit RumbleOn’s website at www.RumbleOn.com.
Also visit the Company on Facebook, LinkedIn, Twitter,
Instagram, YouTube and Pinterest.
Forward-Looking Statements
This press release contains “forward-looking
statements,” as that term is defined under the Private Securities
Litigation Reform Act of 1995 (PSLRA), which statements may be
identified by words such as “expects,” “plans,” “projects,” “will,”
“may,” “anticipate,” “believes,” “should,” “intends,” “estimates,”
and other words of similar meaning. Such forward-looking statements
include whether these partnerships will make a significant and
immediate contribution to the Company and whether these partnership
will enable the Company to rapidly scale its business model.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are based on our expectations as
of the date of this press release and speak only as of the date of
this press release and are advised to consider the factors listed
above together with the additional factors under the heading
“Forward-Looking Statements” and “Risk Factors” in the Company’s
Annual Report on Form 10-K, as may be supplemented or amended by
the Company’s Quarterly Reports on Form 10-Q and other SEC filings.
We undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
Contact:Alecia Pulman (Media) / Megan Crudele
(Investors)ICRRumbleOn@icrinc.com 646-277-1200
Source: RumbleOn, Inc.
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