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Tribal Rides International, Inc. (OTCPK:XNDA) Reacts to California Court Ride Share Ruling on Proposition 22

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Tribal Rides International, Inc. (OTCPK:XNDA) clarified its position following a recent California appeals court ruling on Proposition 22, which maintains ride share drivers as independent contractors. CEO Joseph Grimes stated that this ruling will not affect their Mobility-As-A-Service (MAAS) solutions since their drivers are regarded as partners rather than employees. The court’s decision, while subject to appeal to the California Supreme Court, does not alter Tribal Rides’ operational structure or its ongoing development of innovative transportation technologies, which aim to enhance user experience through collaborative and cost-effective transportation solutions.

Positive
  • Tribal Rides maintains its classification of drivers as independent contractors, ensuring regulatory stability.
  • The company’s Mobility-As-A-Service applications are positioned for growth and user engagement.
  • Tribal Rides' approach fosters a collaborative environment among drivers, enhancing partnerships.
Negative
  • None.

The continuing legal status of independent contractors has no impact on Tribal Rides drivers.

LOS ANGELES and MISSION VIEJO, CA / ACCESSWIRE / March 20, 2023 / Last week's ruling by a California appeals court upholding Proposition 22's classification of ride share drivers as independent contractors and not employees will have no impact on Tribal Rides International, Inc.'s ("Tribal Rides" or the "Company") (OTCPK:XNDA) Mobility-As-A-Service (MAAS) software solution, according to company CEO Joseph Grimes.

The Court's decision, expected to be appealed to the California Supreme Court, was issued March 13 upholding 2020 Proposition 22's drivers classification, but eliminated the requirement that collective bargaining could only occur by amendment requiring a seven-eighths majority vote of the Legislature.

Regardless of how California ultimately decides this issue, explained Grimes, the Tribal Rides ridesharing apps and platform will be unaffected as its participating drivers are more aptly described as partners or independent contractors rather than employees.

"Essentially," he explained, "we don't treat our drivers as other ride share companies do. Our is not an ‘us and them' environment, but a ‘We' environment and structure."

Tribal Rides' developing MAAS applications integrate comprehensive social networks and mobile apps to enable users to create and manage their own highly personalized transportation experience by forming or joining groups, collaborating on cost-saving strategies by finding, scheduling and obtaining transportation services from within their groups, and to do so easily with secure financial transactions.

About Tribal Rides/Xinda International, Inc. (XNDA):

Tribal Rides/Xinda (XNDA) was founded in 2016 as a transportation technology company specializing in disruptive software solutions focused on the digital transformation of transportation. Its patented transportation ecosystem and marketplace is under development, and features end-to-end tracking and management of trips; seamless and connected multi-modal journeys; visualization and complex mapping, and leading transaction and scheduling technology.

For additional details on this announcement, contact Joseph Grimes, CEO, joeg@tribalrides.us

SOURCE: Tribal Rides/Xinda International, Inc.



View source version on accesswire.com:
https://www.accesswire.com/744649/Tribal-Rides-International-Inc-OTCPKXNDA-Reacts-to-California-Court-Ride-Share-Ruling-on-Proposition-22

FAQ

What is the latest news regarding Tribal Rides and Proposition 22?

Tribal Rides stated that the recent California court ruling maintaining Proposition 22's classification of drivers as independent contractors will not impact their operations.

How does Tribal Rides view its drivers in light of the court ruling?

Tribal Rides considers its drivers as partners or independent contractors rather than employees, promoting a collaborative environment.

What does the California court ruling on Proposition 22 mean for Tribal Rides?

The ruling reaffirms the independent contractor status of ride share drivers, which Tribal Rides view as beneficial for their business model.

What is the stock symbol for Tribal Rides?

The stock symbol for Tribal Rides International, Inc. is XNDA.

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