Flitways Technology, Inc. (OTC Pink: FTWS), 509% Growth, Great
Acquisition Target for Uber or Lyft
Miami, FL--(InvestorsHub NewsWire August 22, 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.
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.
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
See Todays FTWS press release.
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
Trimax Corp.
Shares of Trimax Corp., (OTC Pink: TMXN) have been all but dormant
until about six sessions ago when the stock traded up 150% on about
$40,000.00 worth of trading before completing its run posting gains
of almost 500% as the close yesterday. This activity appears to
have been front run on news of the company posting a positive year
end. While posting approximately $200,000.00 in revenue, the
companys market cap shot to over $6 million.
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
Renewable Energy and Power, Inc.
Renewable Energy and Power, Inc. (OTC Pink: RBNW) began its downward slide
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before its recent three day 500% rise to just over a nickel. There
has only been news concerning a social media campaign and a late
10-Q notification filed on August 14th.
Singlepoint, Inc.
Singlepoint, Inc. (OTC Pink: SING) has traded about 10
million shares per day up until about three weeks ago where we saw
the average volume more than triple. The company has released a
sling of press releases discussing cryptocurrency in the legal
marijuana industry. The stock traded up over 500% before giving
back the majority over the past week as volume has been
diminishing.
Have a look at Flitways Technology, Inc. (OTC Pink: FTWS)
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