Flitways Technology, Inc. (OTC Pink: FTWS), 509% Growth, Acquisition Target for Uber or Lyft

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Flitways Technology, Inc. (OTC Pink: FTWS), 509% Growth, Acquisition Target for Uber or Lyft

Post by Admin on Wed Aug 23, 2017 7:44 am

Strong growth, Attractive corporate structure, Could be a great acquisition target for Uber or Lyft.

509% Recurring User Revenue Growth
702% Enterprise and Corporate Revenue Growth
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 world’s 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 Today’s 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



About Flitways Technology, Inc.

Flitways Technology, Inc. (OTC Pink: FTWS) 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).

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.



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