DriveItAway Holdings, Inc. Partners with Fleet-Connection to Offer its Flexible Lease Alternative to Commercial Fleet Customers with its New “DriveItAway Business Preferred” Program
DriveItAway Holdings (OTC: DWAY) has announced its expansion into the commercial fleet market with the launch of its new 'DriveItAway Business Preferred' Program. The company has partnered with Fleet-Connection to offer flexible lease-subscription services to small commercial businesses.
The program targets approximately 12-15 million small locally-owned businesses that need SUVs, trucks, or vans but face challenges with traditional vehicle financing or leasing due to credit requirements or seasonal business nature. The partnership with Fleet-Connection, led by former Bobit Business Media President Sherb Brown, aims to leverage one of the most comprehensive databases of small fleet owners.
This expansion aligns with DriveItAway's 2025 goals, which include increasing vehicle credit lines, establishing industry alliances, and expanding into small commercial fleet sales. The program offers an alternative to conventional purchase or lease options, particularly beneficial for businesses lacking three years of operation history or strong balance sheets required by traditional lenders.
DriveItAway Holdings (OTC: DWAY) ha annunciato la sua espansione nel mercato delle flotte commerciali con il lancio del nuovo 'DriveItAway Business Preferred' Program. L'azienda ha collaborato con Fleet-Connection per offrire servizi di leasing in abbonamento flessibili alle piccole imprese commerciali.
Il programma si rivolge a circa 12-15 milioni di piccole imprese locali che necessitano di SUV, furgoni o camion, ma affrontano difficoltà con il finanziamento o il leasing tradizionali a causa dei requisiti di credito o della natura stagionale delle loro attività. La partnership con Fleet-Connection, guidata dall'ex presidente di Bobit Business Media Sherb Brown, mira a sfruttare uno dei database più completi di piccoli proprietari di flotte.
Questa espansione è in linea con gli obiettivi di DriveItAway per il 2025, che includono l'aumento delle linee di credito per i veicoli, la creazione di alleanze nel settore e l'espansione nelle vendite di flotte commerciali piccole. Il programma offre un'alternativa alle opzioni di acquisto o leasing convenzionali, particolarmente vantaggiosa per le imprese che non hanno tre anni di storia operativa o bilanci solidi richiesti dai finanziatori tradizionali.
DriveItAway Holdings (OTC: DWAY) ha anunciado su expansión en el mercado de flotas comerciales con el lanzamiento de su nuevo 'DriveItAway Business Preferred' Program. La compañía se ha asociado con Fleet-Connection para ofrecer servicios de suscripción de arrendamiento flexibles a pequeñas empresas comerciales.
El programa está dirigido a aproximadamente 12-15 millones de pequeñas empresas locales que necesitan SUV, camiones o furgonetas, pero enfrentan desafíos con la financiación o el arrendamiento tradicional debido a requisitos de crédito o la naturaleza estacional de su negocio. La asociación con Fleet-Connection, liderada por el ex presidente de Bobit Business Media, Sherb Brown, tiene como objetivo aprovechar una de las bases de datos más completas de propietarios de flotas pequeñas.
Esta expansión se alinea con los objetivos de DriveItAway para 2025, que incluyen aumentar las líneas de crédito para vehículos, establecer alianzas en la industria y expandirse en las ventas de flotas comerciales pequeñas. El programa ofrece una alternativa a las opciones de compra o arrendamiento convencionales, especialmente beneficiosa para las empresas que carecen de tres años de historial operativo o balances sólidos requeridos por los prestamistas tradicionales.
DriveItAway Holdings (OTC: DWAY)는 새로운 'DriveItAway Business Preferred' 프로그램의 출시와 함께 상업용 플릿 시장으로의 확장을 발표했습니다. 이 회사는 소규모 상업 기업에 유연한 리스 구독 서비스를 제공하기 위해 Fleet-Connection과 파트너십을 맺었습니다.
이 프로그램은 1200만~1500만 개의 소규모 지역 기업을 대상으로 하며, SUV, 트럭 또는 밴이 필요하지만 신용 요건이나 계절적 사업 특성으로 인해 전통적인 차량 자금 조달이나 리스에 어려움을 겪고 있습니다. Bobit Business Media의 전 회장인 Sherb Brown이 이끄는 Fleet-Connection과의 파트너십은 소규모 플릿 소유자의 가장 포괄적인 데이터베이스 중 하나를 활용하는 것을 목표로 하고 있습니다.
이번 확장은 차량 신용 한도 증가, 산업 동맹 구축 및 소규모 상업용 플릿 판매로의 확장을 포함한 DriveItAway의 2025년 목표와 일치합니다. 이 프로그램은 전통적인 구매 또는 리스 옵션에 대한 대안을 제공하며, 특히 운영 이력이 3년 미만이거나 전통적인 대출 기관에서 요구하는 강력한 재무 상태가 부족한 기업에 유리합니다.
DriveItAway Holdings (OTC: DWAY) a annoncé son expansion sur le marché des flottes commerciales avec le lancement de son nouveau 'DriveItAway Business Preferred' Program. L'entreprise s'est associée à Fleet-Connection pour offrir des services d'abonnement de location flexibles aux petites entreprises commerciales.
Le programme cible environ 12-15 millions de petites entreprises locales qui ont besoin de SUV, de camions ou de fourgonnettes, mais qui rencontrent des difficultés avec le financement ou la location traditionnels en raison des exigences de crédit ou de la nature saisonnière de leur activité. Le partenariat avec Fleet-Connection, dirigé par l'ancien président de Bobit Business Media, Sherb Brown, vise à tirer parti de l'une des bases de données les plus complètes de petits propriétaires de flottes.
Cette expansion s'aligne avec les objectifs de DriveItAway pour 2025, qui incluent l'augmentation des lignes de crédit pour les véhicules, l'établissement d'alliances sectorielles et l'expansion dans les ventes de petites flottes commerciales. Le programme offre une alternative aux options d'achat ou de location conventionnelles, particulièrement avantageuse pour les entreprises qui n'ont pas trois ans d'historique opérationnel ou des bilans solides requis par les prêteurs traditionnels.
DriveItAway Holdings (OTC: DWAY) hat seine Expansion in den Markt für kommerzielle Flotten mit der Einführung seines neuen 'DriveItAway Business Preferred' Programms angekündigt. Das Unternehmen hat sich mit Fleet-Connection zusammengetan, um kleinen Unternehmen flexible Leasing-Abonnementdienste anzubieten.
Das Programm richtet sich an etwa 12-15 Millionen kleine lokal ansässige Unternehmen, die SUVs, Lastwagen oder Vans benötigen, aber aufgrund von Kreditanforderungen oder der saisonalen Natur ihres Geschäfts Schwierigkeiten mit herkömmlicher Fahrzeugfinanzierung oder Leasing haben. Die Partnerschaft mit Fleet-Connection, die von dem ehemaligen Präsidenten von Bobit Business Media, Sherb Brown, geleitet wird, zielt darauf ab, eine der umfassendsten Datenbanken von kleinen Flottenbesitzern zu nutzen.
Diese Expansion steht im Einklang mit den Zielen von DriveItAway für 2025, die die Erhöhung der Fahrzeugkreditlinien, den Aufbau von Branchenallianzen und die Expansion in den Verkauf von kleinen kommerziellen Flotten umfassen. Das Programm bietet eine Alternative zu herkömmlichen Kauf- oder Leasingoptionen, die besonders vorteilhaft für Unternehmen ist, die nicht über drei Jahre Betriebsgeschichte oder starke Bilanzen verfügen, die von traditionellen Kreditgebern gefordert werden.
- Expansion into new market segment of small commercial fleet customers
- Strategic partnership with Fleet-Connection providing access to comprehensive small fleet owner database
- Alignment with stated 2025 company growth objectives
- None.
Philadelphia, PA, April 02, 2025 (GLOBE NEWSWIRE) --
- DriveItAway Expands its Market to Enable All the Ability to Drive, and Then Buy Quality Vehicles, with No Long-Term Financial Commitment or Credit Threshold with Its Flexible Lease Subscription Program Now Offered to Small Commercial Businesses by launching its new “DriveItAway Business Preferred Program”
- To Promote DriveItAway Business Preferred, DriveItAway has Partnered with Fleet-Connection and its Founder Sherb Brown, Former President of Bobit Business Media and Group Publisher of Major Fleet Publications – Listen to DriveItAway’s CEO John F. Possumato and Fleet-Connection’s Sherb Brown discuss this new endeavor as part of Elena Ciccotelli’s “The EVs for Everyone Podcast” (Episode 157)
- DriveItAway’s Business Preferred Program Will Cater to the Approximately 12-15 Million Small Locally-Owned Businesses that Have an Immediate Need for an SUV, Truck, or Van, But Do Not Want to Make a Long Term Financial Commitment for a Vehicle or a Fleet of Vehicles, or Lack the Cash or Credit for a Traditional Vehicle Finance or Lease
PHILADELPHIA, PA, USA, April 2 2025 – DriveItAway Holdings, Inc. ( OTC Marketplace: DWAY) (“DriveItAway” and “Company”), an automotive industry leader in new digital mobility platforms with its unique “flexible-lease/subscription to purchase” technology, continues to gain traction and visibility in its mission to enable all to drive, and then buy, affordable quality personal transportation, announces today the expansion of its service to small commercial fleet businesses, who find it difficult to buy or lease vehicles through traditional channels, with its newly created “DriveItAway Business Preferred” Program.
To jump-start this endeavor, DriveItAway is partnering with Sherb Brown, a long-time fleet industry veteran, and his company, Fleet-Connection, which maintains one of the most comprehensive database and marketing engine for the millions of small fleet owners, who are “under the radar” in comparison to large, traditional fleet operators. Brown is the former President of Bobit Business Media and was the Group Publisher of major fleet publications, including Heavy Duty Trucking and Work Truck, along with general commercial-focused Websites and live events.
“A long time ago, I started in the automotive business on the fleet and small commercial side, first as a franchise dealer, and I then helped design and present the dealer-based small commercial fleet education and training programs for Ford, General Motors and Jaguar,” says John F. Possumato, Founder & CEO of DriveItAway, “then, as now, one of the stumbling blocks for a new or small local business in acquiring needed vehicles is the credit requirements from both manufacturer captive finance companies and banks, who usually require three years in business and a strong balance sheet, something that a lot of small businesses do not have, especially new ones. In addition, many small businesses have seasonal or contract work, which may require a work truck or van for just six months or a year, where a conventional purchase or lease just won’t work. Our DriveItAway ‘Business Preferred’ open-ended, no obligation flexible lease now offers the new perfect alternative.”
“Right now smaller fleets have access to the right inventory of vehicles, trucks, or vans to fill all needs,” says Sherb Brown, CEO of Fleet-Connection, “but many times the optimal means to acquire these vehicles does not exist. In many cases these small businesses are shut out of traditional commercial financing or leasing due to credit or years in business requirements, or have seasonal or contract work, where owning or long-term leasing vehicles wouldn’t be the right decision.” continues Brown, “this is the niche that DriveItAway’s Business Preferred flexible lease alternative fits, and we are excited to work with John and his team to add some visibility to the program.”
This latest expansion to open up a new market of small commercial (non-gig) fleet follows directly with DriveItAway’s 2025 goals as stated in the Company’s ‘Year End Message to Shareholders.’
“In January, I said that in addition to expanding our business to include small commercial fleet sales, our two other Company goals for 2025 are to increase our own vehicle credit line, and to continue to make ‘strong and deep industry alliances.’ In February, we were fortunate enough to announce that we increased our line and that Menachem Light, a true industry icon, has agreed to Chair our newly created Board of Advisors,” continues Possumato, “now in pursuing our goal to expand our services to small commercial fleet customers, it is particularly rewarding to be working with Sherb Brown, as he and I have known each other now for over three decades. Automotive fleet has always fundamentally been a people business, and with Sherb, we are working with the best in fleet.”
All are encouraged to visit with John F. Possumato at the automotive industry events where he is a featured speaker in April - the Auto Intel Summit in Cary, NC, on April 8th; the National Vehicle Leasing Association Annual Conference in Clearwater, FL, on April 10th; and the International Car Rental Show in Las Vegas, NV, on April 14th.
About DriveItAway Holdings, Inc.
DriveItAway Holdings, Inc. is the first national dealer-focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its exclusive flexible lease app-based subscription. DriveItAway provides a comprehensive, turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities, to gain sales and market share.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect our good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance. We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release.
John F. Possumato DriveItAway Holdings, Inc. john@driveitaway.com
FAQ
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