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Empire has launched ClunkerCash.net to create a new, scalable revenue channel and has released a testimonial from Sims Metal, one of the world’s largest metal recyclers
MassRoots, Inc. ("MassRoots" or the "Company") (OTCPink:MSRT), a leading technology company, released the following update on its planned acquisition of Empire Services, Inc. ("Empire"). Today, with the assistance of the MassRoots team, Empire launched ClunkerCash.net, which enables car owners to easily get a quote for the value of their cars in the Hampton Roads and Northeastern North Carolina markets. In the coming months, Empire plans to invest in developing additional features for the ClunkerCash platform as well as expanding its availability to new markets.
"We’ve built Empire into a successful business primarily through word-of-mouth marketing, establishing a strong reputation in the communities in which we operate, and cultivating long-term relationships with our clients which, in some cases, have been growing for over 18 years," stated Danny Meeks, Owner of Empire. "Empire’s merger with MassRoots gives us the technical talent necessary to take our business to the next level. Over the past two weeks, we’ve launched a website for each of our locations for the first time in our history, implemented a cloud-based ERP platform to track our pricing and inventory in real-time, and created a scalable marketing channel with ClunkerCash which we believe will immediately start contributing to our revenue growth."
Additionally, Ivan Padilla, Vice President, Ferrous North America Metal of Sims Metal, a division of Sims Ltd. (ASX:SGM), provided the following statement regarding its long-standing relationship with Empire:
"Sims Metal, the world’s largest metal recycler [would] not be successful if not [for] exemplary compan[ies] like Empire Services. Based on the last 15 years of service in Virginia/North Carolina, Empire Services’ performance [has] remained at the highest peak consistently… Sims Metal appreciates the business relationship with Empire Services and look[s] forward to the next 15 years working together."
Upon closing of the merger, Danny Meeks, the sole shareholder of Empire, will join MassRoots’ Board of Directors as its Executive Chairman. Established in 2002, Empire operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. It has historically generated higher profit margins when market prices for metal rise.
MassRoots, Inc. (OTC Pink: MSRT) is a leading technology company which aims to deliver quality information and create operating efficiencies through cloud-based solutions. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. For more information on MassRoots, please visit MassRootsInvestors.com.
About Empire Services
Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. Empire is headquartered in Virginia and has approximately 65 employees as of April 2021.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210517005237/en/