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Last Mile Holdings' Gotcha Mobility Continues to See Strong Ridership and Expansion in New Markets Throughout the Summer Months
Last Mile Holdings' Gotcha Mobility Continues to See Strong Ridership and Expansion in New Markets Throughout the Summer Months.
About this update from Azn Capital Corp
[{"type":"text","content":"\n\n\n\nLast Mile Holdings' Gotcha Mobility Continues to See Strong Ridership and Expansion in New Markets Throughout the Summer Months\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nLast Mile Holdings' Gotcha Mobility Continues to See Strong Ridership and Expansion in New Markets Throughout the Summer Months\nPR Newswire\nVANCOUVER, BC, Aug. 4, 2020\n\n\n\nHeavy Adoption in Newly Launched Markets and Increased Usage of Cruiser Product Drive Ongoing Performance Improvements \n VANCOUVER, BC, Aug. 4, 2020 /PRNewswire/ - Last Mile Holdings Ltd. (\"MILE\" or the \"Company\") (TSXV: MILE) (OTC: AZNVF), a leading micro-mobility company with the broadest product suite in the industry, today provided its latest update highlighting certain key performance indicators (\"KPIs\") and new market launches driving the success and significant growth in its recently acquired and now fully integrated operating subsidiary, Gotcha Mobility (\"Gotcha\"). The Company's announcement is a further update to  prior press releases originally issued on June 17, 2020 and July 6, 2020, respectively.\n\n\nStrong performance within the expanding Gotcha ecosystem and expected continued growth is being driven in large part by the following highlights:\nIn the month of July, Gotcha officially launched micro-mobility systems in the following cities and states: Galveston, TX (e-scooters and cruisers); South El Monte, CA (e-bikes); and St. Clair Shores, MI (e-scooters). Consistent revenue driven by high ridership in key markets, such as: Memphis, TN (cruisers); Baton Rouge, LA (e-bikes); and Charleston, SC (pedal bikes). After a contract renewal, Gotcha is re-launching its exclusive e-scooter program at Michigan State University in early August as students return for the fall semester. Average ride times have remained at consistent levels since early May and continue to represent significant increases across the board from pre-COVID-19 pandemic averages. Outperformance within the higher-margin cruiser and scooter products in the summer months contri...