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8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit
99.1
RumbleOn Announces Appointment of Adam Alexander to its Board of
Directors
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 Adam
Alexander has been appointed as a director to the Company’s
board of directors, effective July 15, 2020. The Company also
announced that Kartik Kakarala has resigned from the board of
directors, effective July 15, 2020.
Alexander
has robust experience in the automotive industry in the US and
abroad. He is the founder and CEO of Bidpath Inc, a SaaS developer
of technology for the auction industry. Bidpath is the leading
global auction technology company that provides custom software and
integrated solutions to over 600 companies.
“We
are pleased to welcome Adam to RumbleOn’s Board. Adam has a
long history of success managing industrial auctions and auction
technology across the globe. His experience will be a valuable
asset to RumbleOn as we extend our industry relationships and focus
on delivering long-term shareholder value through profitable
growth,” said RumbleOn’s Chief Executive Officer
Marshall Chesrown.
Adam
Alexander commented, "RumbleOn’s platform and technology
remove all friction to make it the ultimate vehicle marketplace to
allow buyers and sellers to transact in a fast and easy way,
regardless of their geographic locations. I look forward to working
with Marshall, Steve and the entire Board in guiding the company on
this next chapter."
In 1997
Mr. Alexander co-founded CA Global Partners, a full-service auction
and liquidation company. Since 2010, CA Global Partners has
expanded globally managing hundreds of auction and liquidation
projects in UK, Europe, Asia, Australia, Africa as well as all
across North America. Mr. Alexander attended Pepperdine University
where he received a BS in Business Management, and subsequently
received an MBA in Global Business which was jointly conferred by
NYU Stern, HEC School of Management in Paris, and the London School
of Economics and Political Science.
“As
one of our first board members, we are grateful for Kartik’s
many contributions. On behalf of our board of directors, I thank
Kartik for his valuable service and wish him the best in future
endeavors,” 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