CULVER CITY, CA--(Marketwired - Sep 9, 2016) - Cataca Resources, Inc. ("Cataca" or the "Company") (OTC PINK: CATQ) is pleased to announce it has entered into a definitive Share Exchange Agreement to acquire all the issued and outstanding capital stock of FlitWays Technology Inc. ("FlitWays Technology"), a Los Angeles-based ground travel booking and scheduling company. The Company's sole officer and director, Tobi Aro, is the majority shareholder of FlitWays Technology.
FlitWays is a ground travel booking and scheduling company revolutionizing the way travelers access rides through a reliable internally developed network of providers and state-of-the-art proprietary technology. FlitWays 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.
Upon completion of this transaction, FlitWays Technology will become a wholly-owned subsidiary of the Company. The Company will also take the necessary corporate and regulatory actions to change its name to FlitWays Technology, Inc. (or similar) and secure a new trading symbol to better reflect its new corporate name and business focus.
The closing of the transaction contemplated by the Share Exchange Agreement 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 the proposed transaction can be found in the Company's most recent filings with SEC at www.sec.gov and further Company press releases.