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8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit 99.1
RumbleOn to Bring Online Capabilities to Powersport Dealers Across
the Nation
Announces Upcoming Launch of the Third Generation of RumbleOn.com -
RumbleOn.com 3.0
DALLAS
– RumbleOn (NASDAQ: RMBL), the e-commerce company using
innovative technology to simplify how dealers and consumers buy,
sell, trade or finance pre-owned vehicles, today announced the
upcoming launch of RumbleOn.com 3.0, expected in early
August.
RumbleOn.com
3.0 will allow dealers to list both new and used powersports on
RumbleOn’s consumer website and leverage RumbleOn’s
technology such as cash offers, RumbleOn Finance and an enhanced
Dealer Direct platform which will offer B2B wholesale transactions
in addition to virtual inventory. Providing online capabilities to
brick and mortar dealers across the country will enable
participating dealers to operate online using RumbleOn’s
feature-rich technology and address the growing demand for
online-only transactions.
“We
are launching a comprehensive enhancement to our technology
solution, RumbleOn.com 3.0, which will enable powersport dealers to
compete in an increasingly online marketplace. We are giving them
access to technology and digital tools currently unavailable to
most dealers, thus eliminating geographic boundaries and making
them more competitive online. The traction we are seeing from the
early days of signing up dealers is evidence that they are ready to
embrace the new features and enhanced capabilities 3.0 has to
offer,” said RumbleOn’s Chief Executive Officer
Marshall Chesrown. “Our enhanced platform, with hundreds of
dealers and the robust aggregation of thousands of vehicles on
RumbleOn.com, will simplify and improve the desired customer
experience like never before.”
“Our
agnostic model, sophisticated technology and proven processes leave
us uniquely positioned to support dealers, no matter how big or
small, for all their sales needs, while creating more opportunities
to monetize our technology,” concluded Chesrown.
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 regional
partnerships and innovative technological solutions, RumbleOn is
disrupting the old-school pre-owned vehicle supply chain by
providing dealers with technology solutions and consumers with an
efficient, timely and transparent transaction experience. For more
information, please visit http://www.rumbleon.com.
Cautionary Note Regarding 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
RumbleOn’s expectations as of the date of this report and
speak only as of the date of this report and are advised to
consider the factors listed under the heading
“Forward-Looking Statements” and “Risk
Factors” in RumbleOn’s SEC filings, as may be updated
and amended from time to time. RumbleOn undertakes 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
Dylan
Solomon
investors@rumbleon.com
Source:
RumbleOn, Inc