Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit
99.1
RUMBLEON ASSESSING TORNADO DAMAGE IN NASHVILLE
The Company has safely accounted for all employees.
DALLAS--(BUSINESS
WIRE)—RumbleOn, Inc. (NASDAQ: RMBL), the-ecommerce company
using innovative technology to simplify how dealers and consumers
buy, sell, trade or finance pre-owned vehicles, today announced
that it is in the process of assessing the damage sustained to its
facilities and inventory in the greater Nashville, Tennessee area
due to the tornadoes that struck the area on Tuesday, March
3rd.
Marshall Chesrown, RumbleOn's Chief Executive Officer, and Peter
Levy, its Chief Operating Officer, were onsite first thing Tuesday
morning to implement the Company's assessment and recovery
plan.
“The
well-being of our people and our community is our primary concern
and we are thankful for the safety of our employees and their
families,” said Mr. Chesrown. “We will provide an
update on our recovery plan once we’ve completed our
assessment of damages sustained to our facilities and
inventory,” continued Mr. Chesrown.
RumbleOn
maintains insurance coverage for damage to its facilities and
inventory, as well as business interruption insurance. The
Company is in the process of reviewing these coverages with its
insurance carriers.
About RumbleOn
RumbleOn
(NASDAQ: RMBL) is an e-commerce company that uses innovative
technology to simplify how dealers and customers buy, sell, trade,
or finance pre-owned vehicles through RumbleOn’s 100% online
marketplace. Leveraging its capital-light network of 17 regional
partnerships and innovative technological solutions, RumbleOn is
disrupting the old-school pre-owned vehicle supply chain by
providing users with the most efficient, timely and transparent
transaction experience. For more information, please visit
http://www.rumbleon.com.
Forward-Looking Statements
This
press release may contain “forward-looking statements”
as that term is defined under the Private Securities Litigation
Reform Act of 1995 (PSLRA), which statements may be identified by
words such as “expects,” “projects,”
“will,” “may,” “anticipates,”
“believes,” “should,”
“intends,” “estimates,” and other words of
similar meaning. Readers are cautioned not to place undue reliance
on these forward-looking statements, which are based on our
expectations as of the date of this press release and speak only as
of the date of this press release and are advised to consider the
factors listed under the heading “Forward-Looking
Statements” and “Risk Factors” in the
Company’s SEC filings, as may be updated and amended from
time to time. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor
Relations:
The
Blueshirt Group
Whitney
Kukulka
investors@rumbleon.com