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[mick]

CULVER CITY, CA, May 01, 2018 (GLOBE NEWSWIRE) -- FlitWays Technology Inc. (OTC Pink: FTWS), a leading ground travel technology company, has filed its Annual Report on Form 10-K with audited financial results for the year ended December 31, 2017, which showed an increase in net sales of 300% over the previous year. The report can be viewed on the Securities and Exchange Commission website, www.sec.gov and the company’s disclosure page on the OTC Markets website, https://www.otcmarkets.com/stock/FTWS/disclosure.

The annual report shows that the business expansion FlitWays initiated in 2017 is already positively impacting revenue and assets, with net sales for the year increased by 300% to $1,257,000 as compared to $434,000 for 2016. The company’s total assets grew 63% over 2016, and gross profit increased. The reported sales growth is attributed to an overall increase in business as Flitways continues to expand into additional markets and through new business partnerships.

Over the course of 2017, FlitWays focused on revenue growth through expansion of its ground travel technology solutions to new countries, the addition of new corporate accounts, and the launch of non-emergency ground transportation services.