FlitWays Technology Inc. completes Name Change -- New Trading Symbol FTWS
CULVER CITY, CA -- (Marketwired) -- 11/10/16 -- Cataca Resources, Inc. (OTC PINK: CATQ) is pleased to announce that the company has received regulatory approval from FINRA for its previously announced name change to Flitways Technology Inc. As a result of the approved name change, effective on November 10, 2016, Flitways Technology Inc. common shares will begin trading under the new ticker symbol FTWS.
FlitWays founder Tobi Mac commented, "With our publicly traded company now carrying the Flitways name, we will be able to better build our corporate brand and be more easily identifiable in the rapidly evolving ground transportation marketplace. Over the next several weeks, we anticipate this will allow us the opportunity to introduce FlitWays to a much larger audience of potential industry partners and investors."
About FlitWays Technology Inc.
FlitWays, a Los Angeles-based travel technology company, offers Pre-Booked and On-Demand ground transportation in 170 cities around the world -- including rideshares, taxis, black cars, and airport shuttles. Currently servicing over 400 airports with a fleet of over 20,000 vehicles, FlitWays is there to handle all travel ride needs. FlitWays provides security and peace of mind for both business and private travelers with secure booking and all-inclusive rates.
For additional information regarding FlitWays, visit www.FlitWays.com.
Additional information regarding Flitways Technology, Inc. can also be found in the Company's most recent filings with SEC at www.sec.gov and further Company press releases.
Cautionary Statement Regarding Forward-Looking Information
FlitWays Technology's business model is focused to offer corporations and travel suppliers a seamless pre-booked ground transportation service that meets their unique travel and service needs. To achieve this, FlitWays has already internally established direct contracts with over 15,000 local licensed and certified drivers in over 175 cities and 400 airports.
The FlitWays network empowers several Fortune 100 corporations and travel suppliers with reliable, safe, and affordable ground transportation service, including American Express, Amazon, Samsung, Rolls-Royce, Xerox, TUI Group, and many more. In addition, FlitWays has simplified the process of booking ground travel by building direct API integrations with major travel suppliers (e.g. Booking.com, Kayak) to offer seamless ground travel booking to their travelers. FlitWays currently has 20+ Active Revenue Agreements with corporate accounts and travel resellers, and additional Beta Test Agreements in place with several Fortune 100 companies.
Tobi Mac Aro, president of Cataca Resources and CEO/founder of FlitWays, commented, "FlitWays was built with corporate travel needs in mind and is now the ideal platform to schedule and manage their global ground transportation services. We know that businesses and travel providers can accomplish more on FlitWays than compared to what can be achieved on Uber or Lyft."
The Company is also pleased to announce that the required audit of FlitWays has been completed, including unaudited statements for the most recent quarterly periods ending March 31, 2016, and June 30, 2016. As a result, the Company anticipates completing the acquisition of FlitWays within 10 days.
Aro concluded, "Structuring FlitWays as a publicly traded company is a key component of our plan to grow and expand the company into new markets and internationally. With the audit and financial statements now completed, we look forward to closing the transaction very quickly and launching the next phases of our expansion strategy."
For additional information regarding FlitWays Technology, Inc., visit www.FlitWays.com.