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YayYo, Inc. Signs its First Fleet Operator to its Peer-to-Peer Platform

March 14, 2018 by  

LOS ANGELES – March 9, 2018 – YayYo, Inc today announces it has signed its first fleet operator to in previously announced Peer-Peer Platform Ridesharerental.com after finalizing the insurance program that was required to let others on the platform the company is moving quickly in getting fleet owner with Idol cars, or who want to take advantage of the demand in the market from drivers that need a car that would qualify for ridesharing platforms like Uber and Lyft.

Acme Auto Share signed up this week to start renting cars first in the Connecticut area. Once Acme establishes itself in Connecticut where it is based, they are planning to expand in other locations in the east coast. Cities that ACME is looking to expand to are Baltimore/Washington, Boston and other neighboring cities.

Acme plans to purchase new cars to put on the platform and some cars from their current fleet.

“Having Fleet owners like ACME will help Rideshare Rental grow a lot faster than if the company had to purchase all the cars that are need for this demanding industry said Ramy El- Batrawi, CEO. “ACME is the first of many fleet owners that will be on the platform which will help increase revenues and profitability for YayYo”

The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers.

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..

About ACME Auto Sharing
ACME Auto Sharing is a division of ACME Auto leasing

Forward-Looking Statements

This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward- looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:

Ramy El-Batrawi

310-926-2643

info@yayyo.com

YayYo, Inc. Closes on $6,000,000 in Financing

March 14, 2018 by  

LOS ANGELES – March 12, 2018 – YayYo, Inc. today announces that it has closed on $6M in financing. The financing consisted of debt, equity and common stock purchase warrants.

The funding came from Bellridge Capital, a privately held investment firm. Bellridge Capital late last year also gave the company a $200,000 Bridge loan.

The funding Helps YayYo to continue to move forward with its business plan of its subsidiary, Rideshare car rentals, LLC. The www.RideSharerental.com platform is a peer-to-peer platform where individuals and fleet owners, including the fleet owned by the company, can list their cars to rent to rideshare drivers. The financing also help to fulfill one of the requirements of YayYo must satisfy in order to list its common stock on the Nasdaq Capital Market.

“We are very excited to have Bellridge Capital as an investor and partner in YayYo, Inc,” said Ramy El-Batrawi, CEO. “This provides further gives validation to YayYo’s business model”

About Bellridge

Bellridge Capital is a privately held investment firm that specializes in providing growth and development capital to emerging small and mid cap public and private companies. Bellridge Capital is a comprehensive and globally oriented investment firm with multiple investment strategies employed on a daily basis involving different sectors. The founder of Bellridge Capital Robert Klimov has extensive experience in the financial sector. Whenever an investment decision is made at Bellridge, the decision originates from many hours of authentic research into market data and market trends.

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The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..

Forward-Looking Statements 

This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward- looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings. 

Media contact:

Ramy El-Batrawi

310-926-2643

info@yayyo.com

YayYo, Inc. Finalizes its propriety insurance program designed to cover fleet and other Vehicle owners to be covered on its Peer-to-Peer Platform Rideshare Rental

March 1, 2018 by  

LOS ANGELES – March 1, 2018 – YayYo, Inc today announces the insurance program that the company has worked on for the last few month is finally in place to now be able to sign up fleet owners to its Peer-to-Peer platform for its subsidiary, RideShare Car Rentals, LLC.

We will be able to provide Physical damage and liability coverage to ride-share drivers and, to Fleet owners. Drivers pay daily (for the duration of the rental period) to become designated as supplemental insured party under YayYo’s insurance policy that is simply passed through us to our insurance carrier. Prior to any rental the Driver and Owner (where the owner is often YayYo but may be a other fleet owners owner) are provided an insurance ID card that lists each parties name and the Vehicle VIN#. Insurance is valid from commencement of the rental through to return of the rented vehicle by the Driver.

YayYo worked for months with our Managing General Underwriter (“MGU”) to create this proprietary insurance. Our MGU will handle all our back-end insurance generation and processing through a seamless API connection with the YayYo databases. Together with our designated claims adjusters, the MGU manages our insurance claims for any liability or physical damage above the $2,500 deductible.

For insurance purposes a vehicle rental is broken into four (4) distinct driving periods. Period zero (0) is when the driver has picked a vehicle up from the owner and is driving with the Uber or Lyft app turned-off. Period one (1) is when the driver has the Uber or Lyft app turned-on, but has not yet accepted a fare. Period two (2) is when the driver has accepted a fare and is on the way to pick-up a passenger. Period three (3) is when a passenger is in the vehicle. The YayYo policy is specifically written to cover periods in which the Drivers are operating YayYo vehicles OFF the Uber or Lyft platform (period 0). During the periods when Drivers are operating ON the Uber or Lyft platform (periods 1, 2 and 3), the YayYo insurance subordinates to state mandated insurance provided by Uber and Lyft. This enables YayYo to keep insurance costs and liability low by leveraging Uber/Lyft’s insurance policy.

Our MGU has also created a special fleet insurance policy provided at minimal cost for our fleet that will be extended to other fleet owners, owing to the additional layers of insurance.

“This was the final piece needed to start signing up fleet owners to our platform,” said Ramy El-Batrawi, CEO. “The peer-to-peer platform with the insurance in place now will allow us to grow nationally much faster now by making available to drivers cars by other fleet owners cars ”

The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers.

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..

Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Launches Ambassador Referral Program for its Peer-to-Peer Platform Rideshare Rental

February 28, 2018 by  

LOS ANGELES – February 28, 2018 – YayYo, Inc today announces It has launched its Ambassador referral program for its previously announced subsidiary, RideShare Car Rentals, LLC.

The Ambassador program is designed for driver to be able to earn their car for free and then for them to earn additional income by referring other drivers. The Ambassador program not only pays drivers for all their referrals but also pays them on referral of drivers that are referred by the drivers they bring in.

Information on the Ambassador program can be found at https://www.ridesharerental.com/ambassador

The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers.

“We see the Ambassador program as a way for drivers to earn additional income as rates go down for the rides they make as rideshare drivers. ” said Ramy El-Batrawi, CEO. “The benefits to the company are huge. It not only gives us a powerful word of mouth marketing program, but it also keeps drivers in their cars longer. ”

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..
Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Launches APP for its Peer-to-Peer Platform Rideshare Rental

February 27, 2018 by  

LOS ANGELES – February 26, 2018 – YayYo, Inc today announces It has launched the APP for its previously announced subsidiary, RideShare Car Rentals, LLC. The APP is available both in IOS and Android. The APP has all the functionality as the website www.RideShareRental.com. Allowing renters to do everything from booking a car to extending their rentals.

The APP can be downloaded from the:

Apple store at https://itunes.apple.com/ca/app/rideshare-rental/id1338753121?mt=8
Google play at https://play.google.com/store/apps/details?id=com.ridesharerental.app

The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers.

“We are excited that we have launched the APP making it easier for our renters to find, rent, and extend their cars on their smart phones,” said Ramy El-Batrawi, CEO. “We recognize most drivers are in their cars a large part of their day and the APP make it much more convenient for them”

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..
Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Subsidiary Distinct Cars, LLC Turns Profitable

February 27, 2018 by  

LOS ANGELES – December 19, 2017 – YayYo, Inc today announces that its wholly owned subsidiary, Distinct Cars, LLC has turned profitable.

Distinct Cars, LLC owns a fleet of new cars which are rented to rideshare drivers mainly through the www.RideShareRental.com website.

Revenues have almost doubled in each of the last three months. The company turned profitable in the month of November.

“We are very happy that our subsidiary, Distinct Cars, has become a profitable company and is now building value for our shareholders and note holders. We anticipate that December will actually show even greater revenues and profits as we add even more cars to our platform,” said Ramy El-Batrawi, CEO.

“Our potential to keep growing is huge. The rideshare industry is still at its infancy and growing. As the rideshare industry grows we grow with it. We expect our market share to increase even more due to the incredible value proposition we give to our drivers. In addition, we are continually adding more cars to our fleet, increasing our revenues for every car we add. We are keeping our fleet near 100% utilization and by adding the peer-peer component it will help us expand faster and boosts our revenue and margins.”

Mr. El-Batrawi also stated, “Our business strategy is to find the best drivers in the industry and put them into brand new cars to provide the greatest value to the riders and the rideshare companies.”

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..

Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Launches Peer-to-Peer Platform To Rent Cars To Rideshare Drivers

February 27, 2018 by  

LOS ANGELES – December 18, 2017 – YayYo, Inc today announces the formation of RideShare Car Rentals, LLC under which it has launched its own platform www.RideShareRental.com to rent out the fleet of YayYo cars out of YayYo’’s previously announced subsidiary, Distinct Cars, LLC. RideShare Car Rentals, LLC is a wholly owned subsidiary of YayYo, Inc.

The www.RideSharerental.com platform is also a peer-to-peer platform where individuals and fleet owners can list their cars to rent to rideshare drivers. RideShare Rental plans to launch the app version in the first week of January.

YayYo’s fleet is almost 100% rented out. YayYo plans to order additional cars for its fleet. With the addition of the peer-to-peer platform, YayYo has commitments from other fleet owners to make their cars available to RideShare Rental, allowing YayYo to expand much more rapidly. RideShare Rental charges a transaction fee to the driver and owner thus making it a profit center.

Approximately 35% to 50% of the drivers that apply to drive for Uber or Lyft do not have a car that qualifies for those companies. With the hyper growth of these rideshare companies the demand will continue to grow dramatically. YayYo is positioned to take advantage of this growth.

Demand for drivers and cars for the rideshare industry have been strong since the start of this disruptive industry, by adding the peer-to-peer capability it will help meet demand beyond just our own fleet of cars.

“We originally tested out the business model on another platform, after seeing how big the market place was for cars to rideshare drivers, we knew immediately that the direction the company was going into was the right one,” said Ramy El-Batrawi, CEO. “We put as much resources as we could to complete and launch our own platform”

Mr. El-Batrawi stated, “Putting the cars on our own platform increased our revenue per car by almost 40%. This is a significant milestone for our company. Our strategy for YayYo is working and we are building value for our shareholders.”

Those interested in renting cars can go to www.RideShareRental.com

The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

YayYo, Inc., also recently announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market..
Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings.

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Adds Independent Board Members and Forms Committees as Part of Qualifying for Listing on NASDAQ

October 25, 2017 by  

LOS ANGELES October 25, 2017 YayYo, Inc.,  today announced that the Company has added five independent board members and formed its audit and compensation committees. The Company, in the course of its pending application with NASDAQ, is pleased to announce the following board appointments and committee designations:

Board Members:
Christopher Maglino
Harbant S. Sidhu
Dave Haley
Paul Richter
Jeffrey J. Guzy

Committee Designations:
Audit Committee
Harbant S. Sidhu
Paul Richter
Jeffrey J. Guzy

Compensation Committee
Christopher Maglino
Harbant S. Sidhu

As previously announced YayYo, Inc.,  has applied for NASDAQ listing. “We are happy we are moving forward with fulfilling the requirements of NASDAQ of have a larger number of independent board members and creating the required two committees. Having good governance is an important step to insure compliance with all SEC rules and to protect investors” said Ramy El-Batrawi CEO.

Forward-Looking Statements
This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forwardlooking statements. We have identified forward-looking statements by using words such as “expect,” “believe,” and “should.” Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company’s Form SEC filings. The Company was also qualified on March 17th, 2017 by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at http://www.YayYoIpo.com .

Media contact:
Ramy El-Batrawi
310-926-2643
info@yayyo.com

YayYo, Inc. Announces it Has Increased its Financing for its Fleet of Cars.

October 2, 2017 by  

LOS ANGELES – October 2, 2017 – YayYo, Inc., the leading provider of automobiles and infrastructure for the Rideshare market, today announced it has increased its financing by four-fold for its fleet of vehicles,

Because of demand for short-term car rentals to rideshare drivers Is very strong, YayYo has rented out its entire fleet of cars. We have increased our line of credit to meet the demand for new cars to continue the growth of the Distinct Car Division.

YayYo has ordered additional vehicles through SoCal Penske, and expects delivery of most of the additional vehicles within the next 4 to 5 weeks.

“We are excited to see the demand for our vehicles by drivers looking for new vehicles that are dependable and show well. ”Stated Laurie DiGiovanni ,COO “We are pleased we were able to secure financing at favorable terms for YayYo.”

About YayYo, Inc.

YayYo is the leading provider of automobiles and infrastructure for the Rideshare market. Founded in 2016, the company provides technology, autos, consumer applications and other resources that move the companies that move people and products.  YayYo Empowers The Disruptors.

The Company was also recently qualified by the Securities and Exchange Commission for a Regulation A+ Initial Public Offering to raise gross proceeds of $50 million. Interested investors can purchase shares directly at www.YayYoIpo.com.

Media contact:
Henrich Bari
310-926-2643
info@yayyo.com

Advanced Tek Group, Inc To Go Public

October 2, 2017 by  

Advanced Tek Group, Inc is preparing to go public under Regulation A+. ATG anticipates raising $50M. Use of proceeds will be used to roll up the fragmented industry of supplier to military contractors. Ramy El Batrawi is a majority holder, though his holding company X, LLC. With Mr. El-Batrawi’s 35 years of negotiation skills, he is well suited to accomplish the roll up of approximately 40 competitors within a year’s time.

About ATG

ATG manufactures components that are needed for power systems, communication systems and control systems for various Aircrafts, Missiles, Torpedoes, radars, ships, guided bombs, nuclear weapons, satellites, launch vehicles, space crafts, ground systems, medical equipment to name a few.

These systems had to be of exceptional quality, reliability and produced to completely traceable materials, quality systems and trained workers. There was no room for an error on a launched missile, satellite or a combat aircraft.
ATG supplies various branches of US armed forces with exceptional quality components. Guidance and Control equipment of Nuclear Missiles in underground silos, Cruise missiles on ships, Patriot Missiles on anti-missile stations, AMRAAM missile on fighter jets to Hellfire missiles on Drones all use ATG parts. Display systems, firing mechanisms of Fighter jets like F15 to F35, support aircrafts like AWACS, C130s, Attack Helicopters, Radars, Radios, Navy ships to submarines, tanks to guns, there is practically no weapon system that does not use ATG parts.

Over the years ATG branched out into commercial nonmilitary aviation, communication satellites, international space station, power amplifiers, motor generator control, welding equipment, Tasers, night vision goggles etc. Oil drilling equipment makers, fluid control valve manufacturers also use ATG parts. Smallest of these parts will sit 4 on a nail of a pinky finger to largest one hardly fitting in a pickup truck.

Single minded focus on designing very difficult items to design and manufacture, ATG has been unaffected by trend of outsourcing manufacturing by US companies and for nonmilitary very high quality and difficult to manufacture parts had set up it’s own fully owned Manufacturing facility in Tecate, Mexico in 1986 under maquiladora programs before NAFTA was even envisioned and thus would not be impacted by any changes that might come about in NAFTA agreements.

ATG has US Government approved Manufacturing License to Manufacture even Military parts in it’s wholly owned facility in Mexico.

Due to the unique nature of product ATG makes, it has become sole source on thousands of parts, meaning customers cannot buy these products from anyone but ATG giving it exceptional pricing power. As large companies have cut back on research and development, qualifying new suppliers is very expensive and un practical.

ATG parts are used for repair and maintenance of aircafts all over the world by various airforces and airlines giving it a very reliable source of revenue from parts that have already been designed and proven to be manufacturable in a profitable way. So pervasive is the position of ATG is with some of these divisions that 85% or more of their needs are met by ATG and no other supplier is qualified.

ATG customers have frequently commented that in case it is unable to supply parts, there could be industry wide disruptions lasting up to couple of years or more.

Key to success of ATG has been it’s people. Top employees each have an experience of over 30 years in this field, even in today’s world of worker turn over ATG prides itself in retaining most of it’s employees till they choose to retire.
Present group of management is led by Gogi Sidhu who has been associated with ATG since 1989 and bought the company in 1994 most other key managers have been with him since 1994 too. There is extensive cross training to allow for overlap of abilities to cover for each of key manager’s functions by another.

ATG’s Mission has been to design and manufacture highest quality, most reliable, components to be delivered on time at a cost that helps our customers to compete with their competition.

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