CULVER CITY, CA--(Marketwired - Sep 20, 2016) - Cataca Resources, Inc. ("Cataca Resources" or the "Company") (OTC PINK: CATQ) is pleased to announce additional details regarding FlitWays Technology, Inc. ("FlitWays"), a Los Angeles-based ground travel booking and scheduling company. As previously announced September 9, 2016, Cataca Resources entered into an agreement to acquire 100% of FlitWays in an all stock transaction.
Founded in 2013, FlitWays offers ride pre-booking services helping travelers and businesses to schedule a ride ahead of time to avoid scarcity and price surcharging. Unlike other ride booking services, FlitWays rides can be pre-booked up to 1 year in advance. With FlitWays, all travelers (business, commuter, and leisure, including online buyers) can easily book a ride the same way they book their flight and have all of their travel services pre-arranged for a complete door-to-door travel experience.
FlitWays has already internally established direct contracts with over 15,000 local licensed and certified drivers in 175 cities and 400 airports. FlitWays service is available in all major US cities, including Los Angeles, San Francisco, Boston, New York, Chicago, San Diego, Miami, Orlando, Las Vegas, Honolulu, Washington DC, Seattle, Austin, Dallas, Houston, Tampa, Nashville, New Orleans and many more.
In addition to direct sales with corporate and private travelers, FlitWays also partners with global travel resellers to distribute FlitWays service to their travel networks.
"Since we founded FlitWays three years ago, the company has continuously proven its business model by growing steadily and generating more and more ride bookings each month," comment Tobi Mac Aro, president of Cataca and CEO/founder of FlitWays. "Now that we are poised to take FlitWays public through the acquisition agreement with Cataca Resources, I am extremely excited about our plans to expand our marketing reach to grow the company even further and potentially dominate the enormous ride pre-booking market."
For additional information regarding FlitWays Technology, Inc., visit www.FlitWays.com.
The closing of the transaction contemplated by the Share Exchange Agreement between Cataca Resources and FlitWays Technology is subject to certain customary terms and conditions, including, but not limited to, the satisfactory completion of an ongoing audit of FlitWays Technology and corporate name change.
Additional information regarding Cataca Resources and the proposed FlitWays Technology, Inc. acquisition can be found in the Company's most recent filings with SEC at www.sec.gov and further Company press releases.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of Cataca Resources. All statements, other than statements of historical fact included herein are "forward-looking statements," including, but not limited to; the proposed acquisition of FlitWays Technology; and proposed corporate name change; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.