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DriveItAway Holdings, Inc. Partnerships & Growth Highlighted in Leading Automotive Trade Publication

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DriveItAway Holdings, Inc. (OTC: DWAY) has been highlighted in AutoRemarketing, a leading automotive trade publication, for its rapid growth and partnerships in 2024. The company has forged four major partnerships this year to scale its unique 'micro-lease to purchase' technology platform:

1. National rollout with Partners Personnel in February
2. Agreement with Westlake Financial in April
3. $2 million credit line from AutoLeasing II in May
4. Partnership with Corporate Claims Management in July

DriveItAway's platform allows customers to drive vehicles immediately without down payments or credit score requirements, with the option to buy. The company aims to become the national retail software platform for subprime and deep subprime buyers, providing an 'on-ramp for new car acquisitions' as vehicle purchases become more challenging for many consumers.

DriveItAway Holdings, Inc. (OTC: DWAY) è stata messa in evidenza su AutoRemarketing, una delle principali pubblicazioni del settore automotive, per la sua rapida crescita e le partnership nel 2024. Quest'anno l'azienda ha stipulato quattro importanti partnership per espandere la sua unica piattaforma tecnologica di 'micro-lease per l'acquisto':

1. Lancio nazionale con Partners Personnel a febbraio
2. Accordo con Westlake Financial ad aprile
3. Linea di credito di 2 milioni di dollari da AutoLeasing II a maggio
4. Partnership con Corporate Claims Management a luglio

La piattaforma di DriveItAway consente ai clienti di guidare veicoli immediatamente senza pagamenti iniziali o requisiti di punteggio di credito, con l'opzione di acquisto. L'azienda mira a diventare la piattaforma software nazionale per il retail per acquirenti subprime e deep subprime, fornendo un 'accesso all'acquisizione di nuove auto' mentre gli acquisti di veicoli diventano sempre più difficili per molti consumatori.

DriveItAway Holdings, Inc. (OTC: DWAY) ha sido destacada en AutoRemarketing, una de las principales publicaciones comerciales de la industria automotriz, por su rápido crecimiento y asociaciones en 2024. La empresa ha forjado cuatro asociaciones importantes este año para escalar su innovadora plataforma tecnológica de 'micro-arriendo para compra':

1. Lanzamiento nacional con Partners Personnel en febrero
2. Acuerdo con Westlake Financial en abril
3. Línea de crédito de 2 millones de dólares de AutoLeasing II en mayo
4. Asociación con Corporate Claims Management en julio

La plataforma de DriveItAway permite a los clientes conducir vehículos de inmediato sin requisitos de pago inicial o puntaje de crédito, con la opción de compra. La empresa tiene como objetivo convertirse en la plataforma de software minorista nacional para compradores subprime y deep subprime, proporcionando una 'vía de acceso para la adquisición de nuevos autos' a medida que las compras de vehículos se vuelven más difíciles para muchos consumidores.

DriveItAway Holdings, Inc. (OTC: DWAY)는 2024년의 빠른 성장과 파트너십으로 인해 주요 자동차 산업 전문지인 AutoRemarketing에 소개되었습니다. 회사는 올해 네 가지 주요 파트너십을 체결하여 독창적인 '마이크로 리스에서 구매로' 기술 플랫폼의 확장을 위해 노력하고 있습니다:

1. Partners Personnel과의 국가적 롤아웃 2월
2. Westlake Financial과의 계약 4월
3. AutoLeasing II의 200만 달러 신용 한도 5월
4. Corporate Claims Management와의 파트너십 7월

DriveItAway의 플랫폼은 고객이 즉시 차량을 운전할 수 있도록 하며, 선불금이나 신용 점수 요구 사항 없이 구매 옵션을 제공합니다. 이 회사는 부채 자산보다 더 깊은 부채를 가진 구매자를 위한 국가 소매 소프트웨어 플랫폼이 되기를 목표로 하며, 많은 소비자들에게 차량 구매가 점점 더 어려워짐에 따라 새로운 자동차 획득을 위한 '접근로'를 제공하고자 합니다.

DriveItAway Holdings, Inc. (OTC: DWAY) a été mise en avant dans AutoRemarketing, une publication commerciale automobile de premier plan, pour sa croissance rapide et ses partenariats en 2024. L'entreprise a conclu quatre partenariats majeurs cette année pour développer sa plateforme technologique unique de 'micro-location à achat' :

1. Lancement national avec Partners Personnel en février
2. Accord avec Westlake Financial en avril
3. Ligne de crédit de 2 millions de dollars d'AutoLeasing II en mai
4. Partenariat avec Corporate Claims Management en juillet

La plateforme de DriveItAway permet aux clients de conduire des véhicules immédiatement sans acomptes ni exigences de score de crédit, avec la possibilité d'achat. L'entreprise vise à devenir la plateforme logicielle de vente au détail nationale pour les acheteurs subprime et deep subprime, fournissant un 'accès pour l'acquisition de nouvelles voitures' alors que les achats de véhicules deviennent de plus en plus difficiles pour de nombreux consommateurs.

DriveItAway Holdings, Inc. (OTC: DWAY) wurde in AutoRemarketing, einer führenden Fachzeitschrift für die Automobilbranche, für sein schnelles Wachstum und seine Partnerschaften im Jahr 2024 hervorgehoben. Das Unternehmen hat in diesem Jahr vier bedeutende Partnerschaften geschlossen, um seine einzigartige Technologieplattform für 'Mikroleasing mit Kaufoption' zu skalieren:

1. Nationale Einführung mit Partners Personnel im Februar
2. Vereinbarung mit Westlake Financial im April
3. 2 Millionen Dollar Kreditlinie von AutoLeasing II im Mai
4. Partnerschaft mit Corporate Claims Management im Juli

Die Plattform von DriveItAway ermöglicht es Kunden, Fahrzeuge sofort zu fahren, ohne Anzahlung oder Anforderungen an die Bonität, mit der Option zu kaufen. Das Unternehmen strebt an, die nationale Einzelhandelssoftwareplattform für Subprime- und Deep-Subprime-Käufer zu werden und bietet eine 'Zufahrt zur Acquisition neuer Fahrzeuge', da der Fahrzeugkauf für viele Verbraucher zunehmend schwieriger wird.

Positive
  • Secured four major partnerships in 2024 to scale operations
  • Featured in leading industry publication AutoRemarketing
  • Obtained $2 million credit line for vehicle fleet operations
  • Expanded market reach through partnership with 12th largest industrial staffing organization
  • Launched dealer-focused platform with Westlake Financial credit line support
Negative
  • None.

Philadelphia, PA, July 24, 2024 (GLOBE NEWSWIRE) --

- DriveItAway has forged four major partnerships so far in 2024, to enable it to rapidly scale sales, market share, and profits in its goal to become the national retail software platform providing subprime and deep subprime buyers an “on-ramp for new car acquisitions

- AutoRemarketing, a long-time national leading trade publication for the automotive industry, recently highlighted DriveItAway’s rapid-fire deal-making in 2024, with DriveItAway’s national partnership with Partners Personnel in February, its agreement with Westlake Financial to provide credit lines for approved dealers who want to run cars on its platform in April, the announcement of securing its credit line to finance its own vehicle fleet with by AutoLeasing II in May, and it's just announced partnership with Corporate Claims Management, to provide fleet maintenance, service, and accident management for its fleet

- As reliable transportation is vital for working Americans, and new vehicle purchases become more and more difficult for those with little down payment or less than stellar credit, DriveItAway is laying the groundwork for massive growth


PHILADELPHIA, PA, USA, July 24, 2024 – DriveItAway Holdings, Inc. (“DriveItAway” OTC Marketplace: DWAY), an automotive industry leader in new digital mobility platforms with its unique “micro-lease to purchase” technology, continues to gain traction and visibility in its mission to enable all to drive, just as market conditions are making it more and more difficult for average consumers to buy or lease vehicles.

DriveItAway’s steady stream of industry partnerships and announcement recently caught the attention of one of the leading national trade publications in the automotive industry, AutoRemarketing, with a feature article on the company alongside major news on other high-growth market entrants Carvana, Tekion, and VinFast.

“If the series of developments is an indication of its 2024 to-do list, DriveItAway Holdings is making the kind of steady progress that reinforce social media memes about business productivity,” starts off this feature article on DriveItAway by AutoRemarketing, as it highlights the four major partnerships DriveItAway has announced so far in 2024 –

  • In February, DriveItAway announced the national rollout of its partnership with Partners Personnel, the 12th largest and fastest growing industrial staffing organization in the US, to enable all employees to drive, and then buy, the vehicle of his/her choice regardless of cash down or credit score, with a focus on getting people to the job with reliable transportation
  • In April, DriveItAway, at AutoRemarketing’s Auto Intel Summit + National Remarketing Conference, announced the offering of its retail app, software platform, and lead base to all interested car dealers, combined with DriveItAway fleet credit line financing offered by Westlake Fleet, part of Westlake Financial
  • In May, DriveItAway announced the closing of a $2 million credit line funding to operate and run its own fleet of vehicles, to show dealers how it is done, by AutoLeasing II, led by a noted national leader in the vehicle rental industry.
  • In July, DriveItAway just announced its partnership with a leading national fleet service management company, Corporate Claims Management, to directly manage all vehicle road service, including maintenance, mechanical repairs and body shop repairs.

“We are honored and delighted to be featured on what has become, since its publication over three decades ago, one of the best leading sources of automotive news for the industry, in all topics that deal with automotive retail, wholesale, finance, and technology,” says DriveItAway CEO John F. Possumato, “the print publication is second to none, I (and many in the industry) rely on their daily morning email publication, ‘AutoRemarketing Today,’ to start the day and find out what is going on in the industry, and their national conferences, Used Car Week and the Auto Intel Summit + National Remarketing Conference, have become the ‘must attend’ events in the industry.”

Continues Possumato “Looking to dramatically scale and grow our company, we have many more partnerships and more progress to announce this year, and, as always, one of our proudest moments is when AutoRemarketing considers these worthy enough to note in their highly regarded publication.”

DriveItAway, offers a unique ‘micro-lease to purchase technology,’ allowing customers to drive a vehicle of their choice immediately, without a down payment, long-term financial commitment or approvals based on credit score, always with the option to buy the vehicle at any time. DriveItAway technology is a software platform and app designed for automotive retailers. It reduces the risk associated with subprime or deep subprime credit transactions for both dealers and drivers, leading to satisfied customers and an increase in market share, converting “turn-downs” into happy customers.


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 “Pay as You Go” 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. The company is now introducing its ‘subscription to ownership’ micro lease platform to enable all consumers to drive and acquire new electric vehicles with its “EVs for Everyone” initiative.

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.


FAQ

What partnerships has DriveItAway (DWAY) announced in 2024?

DriveItAway (DWAY) has announced four major partnerships in 2024: Partners Personnel in February, Westlake Financial in April, AutoLeasing II in May, and Corporate Claims Management in July.

How much credit line funding did DriveItAway (DWAY) secure in May 2024?

DriveItAway (DWAY) secured a $2 million credit line funding from AutoLeasing II in May 2024 to operate and run its own fleet of vehicles.

What is DriveItAway's (DWAY) main product offering?

DriveItAway (DWAY) offers a 'micro-lease to purchase' technology platform that allows customers to drive vehicles immediately without down payments or credit score requirements, with the option to buy at any time.

Which publication recently featured DriveItAway (DWAY) in an article?

AutoRemarketing, a leading national trade publication in the automotive industry, recently featured DriveItAway (DWAY) in an article highlighting its partnerships and growth in 2024.

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