WARPSPEED TAXI INC - WRPT STOCK NEWS

WarpSpeed Taxi (WRPT) announced the commencement of the 3rd round of beta testing for its application in Ahmedabad, India, branded as Tezi Taxi. The company aims for rapid global expansion, leveraging local partnerships to customize its software for various markets. With a focus on local branding, WarpSpeed Taxi retains 50% ownership in ventures while charging a 2.5% licensing fee on gross revenues. The model minimizes overhead and dilution risk, making it attractive for investors. The company aims to expand into 90% of global markets within 36 months, supported by operational teams in each region.

WarpSpeed Taxi Inc. (OTC Pink: WRPT) introduces SMART SHARING, a new ride-sharing feature aimed at addressing the driver shortage caused by rising gas prices. This service allows two passengers heading in the same direction to share a taxi, offering a cost-effective alternative to traditional ride-hailing services like Uber and Lyft. Currently in Beta Testing, the feature promises to enhance ride efficiency while promoting environmental sustainability. CEO Daniel Okelo emphasizes the initiative’s potential to alleviate traffic congestion and serve the community better.

WarpSpeed Taxi Inc. (OTC Pink: WRPT) recently announced a joint venture with a U.S. partner to launch ride-hailing and delivery services using its proprietary software platform. The partner will invest $1 million to secure 50% ownership in the venture, set to launch in October 2022 in Nevada, with plans to expand by December. The Company is also beta testing its platform in India, targeting a global expansion strategy without diluting investor shares. WarpSpeed aims to provide a cost-effective model for drivers and enhance shareholder profits through local partnerships.

WarpSpeed Taxi (OTC Pink: WRPT) has signed a licensing agreement to establish its U.S. operations through a joint venture. The U.S. partner will contribute $1 million by December 31, 2022, in exchange for 50% ownership and access to WarpSpeed's software. The company will earn a 2.5% licensing fee on gross revenues, alongside a monthly fee of $5,000 or 2.5% of sales. Initial operations are set to launch in Nevada by October 2022, with plans to expand to more states shortly thereafter.

WarpSpeed Taxi Inc. (OTC Pink: WRPT) is making strides in the ride-hailing and delivery market with a new all-in-one software solution. In a recent interview, CEO Travis Crane discussed their ambitious five-year plan for global market penetration, starting with India and Kenya. The app combines ride-sharing with food and grocery delivery, aiming to reduce high fees faced by restaurants. Currently in beta testing, the app is set for a full-scale launch after resolving user experience issues. The company also plans to uplist to OTCQB and expand into the US market in 2022.

WarpSpeed Taxi Inc (OTC Pink: WRPT) announced its ambitious 5-year plan to disrupt the global Ride Hailing & Delivery markets. The company aims to establish 185-205 Joint Ventures (JVs) with local entrepreneurs across 205 countries, targeting a market share of 11.5%. Each JV will leverage WarpSpeed's customizable software and will yield 2.5% gross revenue plus a $5,000 management fee. Initial revenue projections estimate $57 million over five years, with net revenues anticipated at $44 million. The strategy capitalizes on low entry costs for partners and focuses on non-English-speaking markets.

WarpSpeed Taxi (OTC Pink: WRPT) has launched its innovative ride-hailing and delivery platform. The CEO's letter highlights a non-capital-intensive expansion strategy through local partnerships, allowing for rapid global growth. The company is currently beta testing in Ahmedabad, India, with plans to expand across the country and into additional markets. WarpSpeed Taxi retains 50% ownership in local ventures, generating revenue without diluting shareholder value. The platform is designed for quick adaptation to local markets, addressing consumer preferences for local branding.

WarpSpeed Taxi Inc. (OTC Pink: WRPT) has engaged EDM Media to provide comprehensive corporate communications services, effective February 1, 2022, for an initial period of three months. Services include brand management, social media content, marketing, and video production. CEO Daniel Okelo expressed optimism, highlighting the importance of increasing the company's visibility to benefit shareholders. WarpSpeed aims to revolutionize ride-hailing and food delivery through its innovative application, facilitating seamless connections between drivers and passengers.