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HyreCar Brings Mobility as a Service to Dealers At NADA 2019


HyreCar’s Platform Creates New Revenue Channels For Dealers Utilizing Existing Resources

HyreCar Inc. (HYRE) (the “Company”), the online carsharing marketplace for ridesharing, today announced that HyreCar will engage with dealers and OEM manufacturers at the National Automobile Dealers Association (“NADA”) Convention in San Francisco, California from January 24th through January 27th, 2019, Booth 7444W.

“The NADA Convention is where dealers look for innovative ways to increase income. Today, dealers want to increase revenue with existing resources and the HyreCar platform provides that opportunity,” said Brian Allan, the newly appointed Senior Director, Strategic Partnerships at HyreCar. Allan is leveraging his 40 years of retail dealer experience to help dealers and manufacturers understand how they can leverage their vehicle inventories, real estate, and fixed operations to gain incremental revenue from resources they have already invested in.

Mr. Allan stated, “Many feel that mobility services such as carsharing and ridesharing are a threat to the traditional dealer model. However, dealers and OEMs are in the best position to benefit from emerging mobility opportunities.” Additionally, Mr. Allan further stated that he believes that the HyreCar platform will positively affect every dealer profit center.

“HyreCar has seen incredible growth in dealer inventory, which has increased threefold in just the past two months,” said Joe Furnari, CEO of HyreCar. Furnari added, “The dealers on the HyreCar platform today are learning that embracing mobility as a service creates incremental business and helps sell more vehicles while insulating them from potential economic headwinds.”

HyreCar will be located in the West Hall of the Moscone Center, booth 7444W during NADA 2019. To learn more, or set-up an appointment to speak with HyreCar executives at NADA, please visit hyrecar.com/nada2019/.

Event: NADA Convention 2019
Date: January 24th - January 27th, 2019
Location: Moscone Center - San Francisco, CA
Booth: 7444W

About HyreCar

HyreCar Inc. (HYRE) actively operates in 50 states plus Washington, D.C. The Company’s Carsharing Marketplace for Ridesharing was created to leverage technology and establish a scalable presence in automotive asset sharing. Drivers, vehicle owners, fleet owners, and automotive dealers alike can utilize the platform to create an opportunity for themselves where one did not previously exist. By providing a safe, secure, and reliable marketplace, HyreCar is the Mobility as a Service solution for individuals, dealers, carsharing, and rideshare drivers. The HyreCar platform helps private individuals with one car, or companies with thousands of vehicles, to leverage available vehicle assets to earn income and additional revenue streams with innovative and proprietary technology.

Forward-Looking Statements

Statements in this release concerning HyreCar Inc.’s (“HyreCar” or the “Company”) future expectations and plans, including, without limitation, HyreCar’s partnerships and technology solutions, its ability to add and maintain additional car listings on its platform from car dealers and consumer demand for cars to be used for ridesharing, may constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward-looking statements, which include words such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” or similar terms, variations of such terms or the negative of those terms. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee such outcomes. HyreCar may not realize its expectations, and its beliefs may not prove correct. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled “Risk Factors” in HyreCar’s Prospectus, dated June 26, 2018, and HyreCar’s other filings made with the U. S. Securities and Exchange Commission. All such statements speak only as of the date made. Consequently, forward-looking statements should be regarded solely as HyreCar’s current plans, estimates, and beliefs. Investors should not place undue reliance on forward-looking statements. HyreCar cannot guarantee future results, events, levels of activity, performance or achievements. HyreCar does not undertake and specifically declines any obligation to update, republish, or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by applicable law.

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