Under the Symbol:
YayYo, Inc., Continues to Expand Presence In New Jersey
Wednesday, December 4, 2019 8:45 AM
BEVERLY HILLS, CA / ACCESSWIRE / December 4, 2019 / YayYo, Inc. ("YayYo" or "the Company") (NASDAQ:YAYO), a leading provider of vehicles to the rideshare industry, through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, bridging the gap between rideshare drivers needing a quality vehicle and rideshare companies that depend on attracting and keeping drivers, announced the acquisition of FireFleet, LLC and its operations in New Jersey.
With the acquisition of FireFleet in New Jersey, YayYo will now effectively expand into one of the busiest ridesharing markets in the US and the Company now has the ability to operate faster and more rapidly deploy vehicles to meet the backlogged demand of drivers, in a state that heavily relies on ridesharing. The company expects to quickly expand, by approximately fivefold within the New Jersey market by the end of 2020.
Jon Rosen, Chief Executive Officer of YayYo, said, "Since our founding, New Jersey has been a critical market for us. With over 8.9 million residents and one of the busiest airports in the United States, New Jersey is a key market for YayYo. In addition, the New York rideshare market alone saw daily trip numbers approach 800,000 last year. New Jersey represents a unique geographic opportunity from which we will launch additional markets, drivers and vehicles."
About YayYo, Inc.
YayYo bridges the gap between rideshare drivers needing a suitable vehicle and rideshare companies that depend on attracting and keeping drivers. YayYo uniquely supports drivers in both the higher and lower economic categories with innovative policies and programs. YayYo seeks to become the preeminent provider of rental vehicles to drivers in the ever-expanding ridesharing economy.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE: YayYo Inc.