Business
DNA Brands Acquires First Set of Vehicles to its Ridesharing Fleet
DNA Brands Acquires First Set of Vehicles to its Ridesharing Fleet.
About this update from Dna Brands, Inc.
[{"type":"text","content":"\nFort Lauderdale, FL, April 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- DNA Brands Inc., is pleased to announce that the company has purchased its first round of vehicles for its ridesharing fleet.  After recently signing the First Fleet Agreement with RideShare Rental.com, in the state of Florida, DNA Brands has teamed up with a local statewide car dealership to purchase, accommodate and house the fleet.  DNA Brands is now able to upload its fleet to the RideShare Rental homepage. DNA Brands will start advertising and holding seminars with Uber and Lyft drivers in South Florida, putting the fleet to work to generate immediate revenue.\n DNA's Fleet vehicles available to rent can be found at :  https://www.ridesharerental.com/s?city=Miami,%20FL,%20USA&paginationId=1&price[]=0&price[]=79&milege[]=0&milege[]=10000000&year[]=2004&year[]=2020&zoom=12&minLat=24.7379798&minLong=-81.2154902&minLong=-81.2154902&maxLat=26.7853798&maxLong=-79.1680902&cLat=25.7616798&cLong=-80.1917902 “By renting out the fleet, and teaming up with a local statewide dealership, immediate revenue is provided to DNA.  This is a business model that is working in California with ridesharerental.com, and we will look to duplicate it here in Florida,” stated CEO Adrian McKenzie.   Working with company council, the company is also in the process of drafting a Reg A Subscription agreement, which it will look to submit to the SEC by about the second week in April for their initial comments.   About the Rideshare/ Transportation  Network Providers(TNP) Space: A TNP company, also referred to as a rideshare company, provides prearranged transportation services for compensation through an Internet-enabled application or digital platform to connect passengers with drivers of vehicles for hire.  TNP drivers with their vehicles join and become affiliated with TNP companies, and are then available to be dispatched through the TNP’s digital platform. Uber and Lyft are the leaders in the industry, with Uber’s valuation being about $120 Billion and Lyft’s valuation at around $24+ Billion Dollars.     Lyft IPO’d on Friday, March 29, 2019, and is being touted by investment banking professionals from around the world (al...