DropCar Provides Update on B2B Managed Services and SaaS Initiatives
DROPCAR (DCAR)
US:NASDAQ Investor Relations:
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Company Research
Source: GlobeNewswire
NEW YORK, Sept. 13, 2018 (GLOBE NEWSWIRE) -- DropCar, Inc. (NASDAQ: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. “Last week, we announced the positive results we have seen in our B2C business as we began shifting to our higher-margin consumer self-park program, which has the optional valet component for consumers. 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. In July 2018, DropCar announced it would star
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