Flitways Technology, Inc. (OTC Pink: FTWS), 310% Growth,
Acquisition Candidate for Uber or Lyft
Miami, FL-(InvestorsHub NewsWire June 27, 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).
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.
As of June 2017, 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.
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.
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 June 2017, Flitways has a market cap of only $2.34
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 $203,000 (equating to sales growth of 230% compared to the first
quarter 2016).
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
InterCloud Systems, Inc.
Shares of InterCloud Systems, Inc., (OTCQB: ICLD) have spiked 200% over the
last dozen trading sessions on record volume, based largely on new
contracts valued at over $1.5 million. However, both the
Candlesticks and Bollinger bands are pointing to sell. It could be
time to take some profits.
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
Dolat Ventures, Inc.
Since its nearly 13,000% run over the past three months, Yield
Sign Dolat Ventures, Inc. (OTC Pink: DOLV) has given back almost 50%
of its profits as volume is diminishing. A few weeks after the
price began to move, the company announced its acquisition by a
China based battery manufacturer. Since, we have not seen anything
in the realm of a press release or corporate filings from the
company. China Reporting? I guess well see.
Rvue Holdings, Inc.
Shares of Rvue Holdings, Inc. (OTC Pink: RVUE) spiked over 200%
yesterday. For a company whose shares have lost over 50% of their
value prior to announcing the sale of assets and pending
liquidation, the company certainly had a good day yesterday. The
stock traded up over 200% on no new fundamentals in the market. Be
careful!
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
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