NEW YORK, Dec. 21, 2017 (GLOBE NEWSWIRE) — DropCar, Inc. (“DropCar”), a provider of app-based automotive acumen and babysitter casework for both consumers and dealers, today appear the amplification of its B2B account by partnering with Lexus of Queens, endemic by the BRAM Auto Group, one of the better family-owned businesses in the Tri-State Area.
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The Banker Account Agreement (“Agreement”) provides dealers with admission to DropCar’s Action Agent Assistance & Acumen technology belvedere (“VAL”). The platform’s agnate abstracts assay tools, additional DropCar’s agent babysitter account calm accredit the dealer’s aliment and sales teams to bear an absolutely new and bigger akin of service, by automating the auto and commitment of chump cartage for maintenance. These agent movements are handled by DropCar’s growing band of over 250 able aide drivers.
According to Mr. Salvatore Iacono, BRAM Auto Group’s Vice President of Fixed Operations, “It’s attenuate to acquisition a account that, not alone helps us advance chump achievement significantly, but additionally increases acquirement and reduces operating costs; DropCar does all three. We’ve been afflicted with the all-embracing success we’ve apparent with DropCar in Lexus of Manhattan, and we’re attractive to carbon it in Queens.”
Lexus of Queens joins a growing afterlife of bounded dealers in the Tri-State breadth that accept adopted DropCar’s action agent acumen and babysitter service. Added dealerships that accept partnered with DropCar include: Lexus of Manhattan, Jaguar and Land Rover of Manhattan, Mercedes Benz of Manhattan, Toyota of Manhattan and Manhattan Motorcars, Inc., a banker of Porsche, Bentley, Lamborghini, and Bugatti vehicles.
For the abaft 90 canicule catastrophe December 18, 2017, DropCar has confused 197% added cartage for dealerships than it did during the aforementioned aeon aftermost year, consistent in B2B acquirement advance of 155% for the aforementioned commensurable periods.
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“In accession to architecture technology and an active workforce advised to advice improve the over 300 actor aliment & adjustment jobs that dealerships account in the United States annually, we are additionally aflame to be alive with our ally to action DropCar’s abounding spectrum of B2C account offerings to their chump bases in the New York burghal breadth markets we currently serve,” added Spencer Richardson, DropCar Chief Controlling Officer.
About DropCarFounded and launched in New York Burghal in 2015, DropCar offers its Agent Support Belvedere (VSP), a cloud-based belvedere and adaptable app that advice consumers and automotive-related companies abate the cost, hassles and inefficiencies of owning a car, or agile of cars, in burghal centers. Its technology belvedere blends the adeptness and calibration of billow computing, apparatus acquirements and affiliated cars with the high-touch of awful accomplished valets to move cars to/from absolutely staffed, defended garages to/from the bodies (or businesses) who own them. Consumers use DropCar’s adaptable app to affluence the amount and accent of owning a car in the city. Dealerships, leasing companies, OEMs and aggregate advancement companies use DropCar’s action belvedere to abate costs, accumulate acumen and deepen relationships with customers. Added advice is accessible at www.dropcar.com.
This columnist absolution contains “forward-looking statements” that absorb abundant risks and uncertainties for purposes of the safe anchorage provided by the Private Balance Litigation Reform Act of 1995. All statements, added than statements of absolute facts, included in this columnist absolution apropos strategy, approaching operations, approaching banking position, approaching revenue, projected expenses, prospects, affairs and objectives of administration are advanced statements. Such statements are based on management’s accepted expectations and absorb risks and uncertainties. Absolute after-effects and achievement could alter materially from those projected in the advanced statements as a aftereffect of abounding factors, including, after limitation, the adeptness to activity approaching banknote appliance and affluence bare for accidental approaching liabilities and business operations, the availability of acceptable assets of the accumulated aggregation to accommodated its business objectives and operational requirements and the appulse of aggressive articles and casework and abstruse changes. The above analysis of important factors that could account absolute contest to alter from expectations should not be construed as all-embracing and should be apprehend in affiliation with statements that are included herein and elsewhere, including the accident factors included in WPCS International Incorporated’s (NASDAQ:WPCS) (“WPCS”) allotment account on Form S-4, including the proxy statement/prospectus/information account therein, WPCS’ best contempo Annual Report on Form 10-K, and WPCS’ contempo Quarterly Report on Form 10-Q and Accepted Reports on Form 8-K filed with the Balance and Barter Commission (the “SEC”). DropCar and WPCS can accord no affirmation that the altitude to the transaction will be satisfied. Except as appropriate by applicative law, DropCar and WPCS undertake no obligation to alter or amend any advanced statement, or to accomplish any added advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
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No Action or Solicitation
This advice is not advised to and does not aggregate an action to advertise or the address of an action to subscribe for or buy or an allurement to acquirement or subscribe for any balance or the address of any vote in any administration pursuant to the proposed transaction or otherwise, nor shall there be any sale, arising or alteration of balance in any administration in contravention of applicative law. No action of balance shall be fabricated except by agency of a announcement affair the requirements of Section 10 of the United States Balance Act of 1933, as amended. Subject to assertive exceptions to be accustomed by the accordant regulators or assertive facts to be ascertained, the accessible action will not be fabricated anon or indirectly, in or into any administration area to do so would aggregate a abuse of the laws of such jurisdiction, or by use of the mails or by any agency or action (including after limitation, facsimile transmission, blast and the internet) of artery or adopted commerce, or any ability of a civic balance exchange, of any such jurisdiction.
Additional Advice about the Proposed Merger and Area to Acquisition It
In affiliation with the proposed Merger, a WPCS allotment account on Form S-4, which contains a proxy statement/ announcement /information account was declared able by the SEC on December 14, 2017 (SEC File No. 333-220891). Investors and securityholders of WPCS and DropCar are apprenticed to apprehend the proxy statement/prospectus/information statement, which contains important advice about WPCS and DropCar, afore authoritative any voting or advance accommodation with account to the proposed Merger. The proxy statement/prospectus/information account and added accordant materials, and any added abstracts filed by WPCS with the SEC, may be acquired chargeless of allegation at the SEC web armpit at www.sec.gov.
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In addition, investors and securityholders may access chargeless copies of the abstracts filed with the SEC by WPCS by administering a accounting appeal to: WPCS International Incorporated, 521 Railroad Way, Suisun City, CA 94585, Attention: Chief Banking Officer.
Participants in the Solicitation
WPCS and DropCar, and anniversary of their corresponding admiral and controlling admiral and assertive of their added associates of administration and employees, may be accounted to be participants in the address of proxies in affiliation with the proposed transaction. Advice about WPCS’s admiral and controlling admiral is included in WPCS’s Annual Report on Form 10-K for the year April 30, 2017, filed with the SEC on July 21, 2017. Additional advice apropos these bodies and their interests in the transaction will be included in the proxy account apropos to the transaction back it is filed with the SEC. These abstracts can be acquired chargeless of allegation from the sources adumbrated below.
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