YAYO stock is running up in pre-market trading on December 18, 2019, after the company announced territory expansion and a fleet partnership deal with LMP Automotive.

YAYO stock explodes higher in pre-market trading on December 18, 2019.

We should finally see an oversold bounce in the stock during regular trading hours.

YayYo (YAYO) announced California expansion with the opening of a San Diego office, and it’s first entry into the Texas market with a Dallas location. The territory extension was facilitated by a new fleet partnership with LMP Automotive (LMPX). The recently established relationship with LMP included sourcing cars under a $2.5M program that resulted in automotive inventory delivered this month with an additional delivery scheduled for January. YayYo’s nationwide rideshare rental fleet continues to increase. Each YayYo car lists at approximately, $1,700 a month for each vehicle with gross margins exceeding 40%. The company also received the first of almost 100 vehicles from a program announced earlier this month. YayYo deployed those vehicles in Chicago, Los Angeles, Oakland, Seattle and Las Vegas.

YayYo, Inc. (YAYO), a leading provider of vehicles to the rideshare industry through its wholly-owned subsidiary, Rideshare Car Rentals, today announced California expansion with the opening of a San Diego office, and it’s first entry into the lucrative Texas market with a Dallas location. The territory extension was facilitated by a new fleet partnership with LMP Automotive Holdings (LMPX).

The recently established relationship with LMP included sourcing cars under a $2.5 million-dollar program that resulted in automotive inventory delivered this month with an additional delivery scheduled for January. YayYo’s nationwide rideshare rental fleet continues to increase, as the company serves drivers for Uber, Lyft, Grubhub, Postmates, and other gig economy leaders. Each YayYo car lists at approximately, $1,700 a month for each vehicle with gross margins exceeding 40%.

The Company also received the first of almost 100 vehicles from a program announced earlier this month. YayYo deployed those vehicles in Chicago, Los Angeles, Oakland, Seattle and Las Vegas.

Commenting on the announcement, Jon Rosen, Chief Executive Officer of YayYo, states, “Demand for better, full-service vehicles by rideshare drivers continues to climb, supporting our growth. This month alone we added two new large-market offices and doubled cars in Seattle and Las Vegas.” He added “We’re very happy to be associated with LMP Automotive. They have a tremendous ability to source an array of vehicle types, across multiple lines and geographies.”

Gabriel Peer-Drake Sr., General Manager for LMP Holdings states, “LMP is well-suited to provision large, growing fleet owners like YayYo with fast inventory growth, through all types of vehicles and programs. When they need multiple car types in multiple states quickly, we’re pleased they turned to us”.

YayYo bridges the gap between rideshare drivers needing a vehicle and rideshare companies that depend on attracting and keeping drivers with quality vehicles. YayYo uniquely supports drivers in both the higher and lower economic categories with innovative policies and programs. YayYo is becoming the preeminent provider of rental vehicles to drivers in the ever-expanding ridesharing economy.

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