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DropCar, Inc. (DCAR), a leading provider of app-based mobility services and logistics for both automotive business providers and consumers, today issued an update on the progress being made with its B2B managed services and SaaS efforts. This transition has enabled us to accelerate our emphasis on building out our SaaS technology and B2B pipeline while reducing burn and growing positive margins,” stated DropCar CEO Spencer Richardson. In 2016, DropCar (www.dropcar.com) launched its B2B managed services program by offering automotive partners mobility logistics services in New York and has since expanded its B2B managed services program to Washington, D.C, San Francisco and Los Angeles.
DropCar, Inc. (DCAR), a leading provider of app-based mobility services and logistics for both automotive business providers and consumers, today provided an update on the progress of the conversion from its previous consumer-focused “STEVE” valet parking program to the higher-margin self-parking initiative with optional valet service. According to DropCar CEO Spencer Richardson, “Since announcing last month that, on September 1, 2018, we would begin offering substantially discounted monthly parking at selected garage facilities in New York City, whereby vehicle owners can save upwards of 50% on the cost of parking, we’ve pre-sold over 700 spots through August 31, 2018. A recent article in Crain’s New York indicated that, according to the Metropolitan Parking Association, an industry trade group, over the past year and a half Manhattan garages have experienced a 10% decrease in the number of “transient units” - cars that park by the day or hour. Those cars make up the bulk of business at commercial parking lots.
Categories: Yahoo FinanceGet free summary analysis WPCS International, Inc. reports financial results for the quarter ended October 31, 2017. We analyze the earnings along side the following peers of WPCS International, Inc. – Aware, Inc., Goldfield Corporation, Ameresco, Inc. Class A, Honeywell International Inc., Quanta Services, Inc., KBR, Inc., Dycom Industries, Inc. and MasTec, Inc. (AWRE-US, GV-US, ... Read more (Read more...)