DropCar Provides A Post-Merger Business Update
DROPCAR (DCAR)
US:NASDAQ Investor Relations:
wpcsir.com
Company Research
Source: GlobeNewswire
Monthly Consumer Subscriber Base is ~1,400, Up From ~500 Exiting Calendar Year 2016B2B Automotive Movements Exceeded 5,700 in Calendar Year Quarter 4, up ~200% Year over YearDropCar Adds Multiple Premier Auto Original Equipment Manufacturers (OEMs) & Dealers NEW YORK, Feb. 16, 2018 (GLOBE NEWSWIRE) -- DropCar (NASDAQ:DCAR) a provider of app-based automotive logistics and mobility services for consumers and the automotive industry, is providing a business update following its recent (January 30, 2018) merger with WPCS International Incorporated. On January 31, 2018, DropCar began trading on the NASDAQ Capital Market under the symbol “DCAR”. DropCar Delivers Robust Growth in 2017DropCar's consumer and enterprise automotive segments (excluding WPCS’ contracting unit) delivered strong results in 2017, while growth prospects continue to expand. Overall consumer automotive movements exceeded 28,000 during the fourth quarter of 2017, up from approximately 10,700 in the fourth quarter of
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