Scooters - The Most Unusual Success Story Of The Year October 30, 2019 - OilPrice.com The next multi-billion-dollar Uber might have only 2 wheels. Scootermania is turning micro-mobility startups into multi-billion-dollar unicorns. This industry segment has been attracting cash and customers like no other. That’s because micro-mobility has the potential to compete with cars and ride-hailing. It is also part of the answer to ailing public transportation because it will get people there. That’s revolutionary talk. And that’s why investors are pouring money into it. They’ve pumped more than $5.7 billion into micro-mobility startups since 2015. Scooter startup Bird is only two years old, but it’s already worth $2.75 billion. Just this month, it raised $275 million in fresh funding. In February, giant Lime raised another $310 million to push its valuation to $2.4 billion. Berlin’s Tier, a key European rival in this sector, just raised another $60 million in new financing, led by SoftBank Group’s massive Vision Fund. It’s a crowded space, but that doesn’t seem to bother venture capitalists who keep throwing down cash for what they seem sure is the next revolution in urban transport. But right now, they’re throwing cash into chaos. And the first scooters were just … well, scooters. One little-known upstart is seeking to turn that chaos into order and transform the micro-mobility industry. And their potential to disrupt the multi-billion-dollar ride-share market cornered by Uber and Lyft is clear. When you add a seat for the first time, and Bluetooth capabilities, the OjO (TSX.V:OJO, OTC:AZNVF) is a scooter like no other. Here are 5 reasons to keep a close eye on OJO as the e-scooter market hits its next phase in the multi-billion-dollar evolution: #1 The Best Moment in the Micro-Mobility Craze The total mobility market is now worth $7 trillion. We’ve ditched ‘gigantism’, and the new global obsession is micro-mobility. It’s a craze of global proportions: Source: Forbes The global micro-mobility market is expected to reach nearly $32 billion by 2029. The urban population explosion means that more people need to be on the move in crowded spaces. That’s even more urgent when you consider that over half the world’s population is now living in urban areas. By 2050, it’s likely to be two-thirds of the world’s population. And it’s the first mile and last mile of getting people to mass public transportation that’s the biggest problem. Micro-mobility is the definitive answer. It can effectively replace many personal car and ride-hailing trips as well as deliver first- and last-mile solutions for public transit. That’s a revolution. In China alone, micro-mobility has nearly doubled accessibility to jobs, education and health care. That’s why micro-mobility has so many venture capitalists throwing money at this segment. One of its biggest investor-evangelists has been Oliver Bruce, who estimates that more than 1.4 trillion miles of annual US passenger travel and more than 4 trillion miles of global passenger travel could be converted to micro-mobility modes. That makes this industry potentially worth hundreds of billions of dollars. #2 Any Resistance Ends Here The early e-scooter entrants, despite all the VC cash poured into them and huge valuations, have been met with a fair amount of backlash and growing pains. They can’t travel far. They irritate pedestrians in crowded places. Cities hate them. They don’t feel safe, and they’re definitely not comfortable. This is where a seat can make a billion-dollar difference. It’s where some innovative technology and engineering can turn city officials into a business’ best friends. OJO (TSX.V:OJO, OTC:AZNVF) has taken the giant growing pains of hyper-valued companies like Bird and Lime and turned them into the biggest potential in the segment. And they seem poised to beat out the biggest players in the market on safety, sustainability, distance and comfort. For starters, OJO scooters have seats. That’s a great selling point when you’re also selling long-distance potential and a range that’s up to 50 miles. And they aren’t starting from scratch here when it comes to logistics. They’ve jumped in on existing infrastructure for high-speed mass deployment. OJO is already partnering with bike operators and docking stations in cities around the U.S. They’re working directly with city officials to turn chaos into order. What cities might like most when it comes to order versus chaos is this: The innovators at OJO one of the few scooter companies to have added Bluetooth speakers with audio alerts and ability to make a scooter automatically slow down in school zones or on campuses. It’s a winning combination from a safety perspective--so cities are definitely on board. So not only are we looking at the first scooter option with a seat, but we’re looking at a potential disruptor of the entire ride-hailing market--that means Uber and Lyft … #3 The Scooter that Could Disrupt Uber and Lyft Uber and Lyft should be worried. The average Uber or Lyft ride is about 5-15 miles. Guess what? OJO (TSX.V:OJO, OTC:AZNVF) isn’t just a scooter for short hops. It’s also doing 10-15-mile rides. That’s likely in part thanks to the comfort of a seat and hyper-charge power. That blows the average scooter out of the water, and even threatens Uber and Lyft. The average scooter ride is about 0.6 miles. OJO’s average is closer to 2 miles. And at the upper end of 10-15 miles, there are no scooters out there that can compete. And the economics are trail-blazing. Right now, OJO is looking at about $15 per day, per scooter. Right now, they’ve got 200 on the road, but a big push is underway which should ramp up revenue in Q4. They will be increasing total deployment to 1,250 in November and by the end of the year OJO anticipates having 2,500 scooters deployed. That’s nearly $14 million revenue run rate. Next year, they’ll come out with an even newer 2020 model, and plan to have up to 15,000 on the ground. That’s over $80 million revenue run rate. And they’re about to go public after just completing a $6 million raise. That raise will get them through the production and deployment of 2,500 new scooters. What will the venture capitalists like most here? The differentiated economics. As we’ve said, they’re already throwing tons of money at this segment, despite all the drawbacks. Bird and Lime have been criticized for moving too quickly and blowing through VC money in a heartbeat. OJO is methodical. It’s putting out a model that will scale, recoup and last a long time. #4 The Mojo Behind the OJO It’s not sustainable to just throw a ton of scooters on the street and see what happens. What we’ve seen so far is an attempt to throw money at clear demand without any attention to innovation, design or urban planning details. OJO (TSX.V:OJO, OTC:AZNVF) watched and determined where the competition was failing, badly. OJO is a design-first company founded by a group of wildly successful inventors, designers and consumer goods entrepreneurs. They include Don Ratner, OJO director, who has brought over $1 billion in famous toys and licensed goods to market for everyone from Disney and Nintendo to Coca-Cola and Mars. OJO plans to disrupt the disruptors, and they’re disciplined enough to do it. For one, they’re ready to capitalize on the scooter blitz chaos that Bird and Lime helped create. The executive management includes CEO and Director Max Smith, who has successfully raised capital and driven business growth through eight major exits, including for World Color Press, LinkShare, blip, Gartner’s Tech Republic and JASH, among others. They’re partnering with Fiore Group, the pre-eminent merchant banking group behind market successes like Lithium X Energy and Lionsgate Entertainment, to go public this quarter, filling a gap in the equities markets with a pure-play offering of access to the massive growth of the micro-mobility sector. They are coming in with their clean-up crew that has respect for city planning and infrastructure, a safety aspect that appeals to everyone and a plan not only for reducing congestion and carbon emissions, but for making any ride a fun ride. #5 Massive Upside Potential Look no further for leadership in the micro-mobility market. Where Bird and Lime were two years ago, OJO is now. They’ve already launched in Austin, Dallas and completed a pilot in Hoboken, New Jersey. Ojo launched in Memphis, TN this week and are also in discussions with San Antonio, Portland, Washington, DC, Nashville, Atlanta, Seattle and more. Bird’s wings have been clipped a bit, and while that hasn’t stopped it from hitting a $2.75 billion valuation, there’s no upside left. OJO (TSX.V:OJO, OTC:AZNVF) is a better beast all around, and when you have startups in this space turning into unicorns in a matter of months, the upside for a scooter company ticking all the right boxes is incredible. By the end of the year, their scooter deployment may be 10x current levels, and voracious venture capital may have already grabbed a big chunk of the upside. By 2020, if they reach their goal of 15,000 scooters across the US, that upside might be gone entirely. This is where Tesla meets Vespa and eats a Razor for lunch. In a segment that’s minting unicorns at record speed, the startup with a phenomenally more innovative product could hit unicorn status even faster. Other companies looking to transform the mobility industry: Power Financial Corp (TSX:PWF) has been in the finance industry since 1984. The company operates in three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa). And, with its holdings in a diversified portfolio spanning the United States and Europe, Power Financial is a leader in its field. Focusing its investments in emerging industries, Power Financial stands to benefit by riding this wave into the future. The company’s forward-thinking attitude and liberal approach to technology is sure to leave investors satisfied. Kuuhubb Inc. (TSXV: KUU) is a company active in the development and acquisition of lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through its groundbreaking AI and big data applications suggest that its stock is currently undervalued, but it’s not likely this opportunity will last for much longer. Though it’s focus is on mobile video games, Kuuhubb’s innovative technology and focus on Big Data makes it a likely target of acquisition and could be a key player in the mobile industry. The Descartes Systems Group Inc. (TSX:DSG) (commonly referred to as Descartes) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. The company is making waves in the tech industry with its futuristic products and visionary leadership. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential in the world of commerce. Kinaxis Inc (TSX:KXS) is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company's RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning. Kinaxis is a growing company, but the company has already carved out a significant piece of the pie. As a leader in its field, Kinaxis is a force which investors are keeping an eye on. Computer Modelling Group (TSX:CMG) is a software technology company producing reservoir simulation software for critical infrastructure. Computer Modeling Group LTD. Is a tempting trade for investors as it brings together two essential industries - tech and resources- which are going anywhere any time soon. Especially as the need for security grows, a tech company involved in the oil and gas industry has an incredible opportunity to offer other services. While Computer Modelling Group focuses on the resource industry, its technology is definitely breaking ground. Founded nearly 40 years ago by Khalid Aziz, a renowned simulation developer, the company has proven that it has staying power. As the resource industry meets technology, this will be a stock to pay attention to. By. Ian Jenkins IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT. This communication was paid for by OJO. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by OJO Electric to conduct public awareness communication and marketing. OJO Electric paid the Publisher fifty thousand US dollars to produce and disseminate this and other similar articles and certain banner ads. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should be aware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume during the course of public awareness marketing, which subsides as the investor awareness marketing subsides. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information. SHARE OWNERSHIP. The owner of Oilprice.com owns shares and/or stock options of the featured companies and therefore has an additional incentive to see the featured companies’ stock perform well. The owner of Oilprice.com has no present intention to sell any of the issuer’s securities in the near future but does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The owner of Oilprice.com will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. 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Scooters - The Most Unusual Success Story Of The Year October 30, 2019 - OilPrice.com The next multi-billion-dollar Uber might have only 2 wheels. Scootermania is turning micro-mobility startups into multi-billion-dollar unicorns. This industry segment has been attracting cash and customers like no other. That’s because micro-mobility has the potential to compete with cars and ride-hailing. It is also part of the answer to ailing public transportation because it will get people there. That’s revolutionary talk. And that’s why investors are pouring money into it. They’ve pumped more than $5.7 billion into micro-mobility startups since 2015. Scooter startup Bird is only two years old, but it’s already worth $2.75 billion. Just this month, it raised $275 million in fresh funding. In February, giant Lime raised another $310 million to push its valuation to $2.4 billion. Berlin’s Tier, a key European rival in this sector, just raised another $60 million in new financing, led by SoftBank Group’s massive Vision Fund. It’s a crowded space, but that doesn’t seem to bother venture capitalists who keep throwing down cash for what they seem sure is the next revolution in urban transport. But right now, they’re throwing cash into chaos. And the first scooters were just … well, scooters. One little-known upstart is seeking to turn that chaos into order and transform the micro-mobility industry. And their potential to disrupt the multi-billion-dollar ride-share market cornered by Uber and Lyft is clear. When you add a seat for the first time, and Bluetooth capabilities, the OjO (TSX.V:OJO, OTC:AZNVF) is a scooter like no other. Here are 5 reasons to keep a close eye on OJO as the e-scooter market hits its next phase in the multi-billion-dollar evolution: #1 The Best Moment in the Micro-Mobility Craze The total mobility market is now worth $7 trillion. We’ve ditched ‘gigantism’, and the new global obsession is micro-mobility. It’s a craze of global proportions: Source: Forbes The global micro-mobility market is expected to reach nearly $32 billion by 2029. The urban population explosion means that more people need to be on the move in crowded spaces. That’s even more urgent when you consider that over half the world’s population is now living in urban areas. By 2050, it’s likely to be two-thirds of the world’s population. And it’s the first mile and last mile of getting people to mass public transportation that’s the biggest problem. Micro-mobility is the definitive answer. It can effectively replace many personal car and ride-hailing trips as well as deliver first- and last-mile solutions for public transit. That’s a revolution. In China alone, micro-mobility has nearly doubled accessibility to jobs, education and health care. That’s why micro-mobility has so many venture capitalists throwing money at this segment. One of its biggest investor-evangelists has been Oliver Bruce, who estimates that more than 1.4 trillion miles of annual US passenger travel and more than 4 trillion miles of global passenger travel could be converted to micro-mobility modes. That makes this industry potentially worth hundreds of billions of dollars. #2 Any Resistance Ends Here The early e-scooter entrants, despite all the VC cash poured into them and huge valuations, have been met with a fair amount of backlash and growing pains. They can’t travel far. They irritate pedestrians in crowded places. Cities hate them. They don’t feel safe, and they’re definitely not comfortable. This is where a seat can make a billion-dollar difference. It’s where some innovative technology and engineering can turn city officials into a business’ best friends. OJO (TSX.V:OJO, OTC:AZNVF) has taken the giant growing pains of hyper-valued companies like Bird and Lime and turned them into the biggest potential in the segment. And they seem poised to beat out the biggest players in the market on safety, sustainability, distance and comfort. For starters, OJO scooters have seats. That’s a great selling point when you’re also selling long-distance potential and a range that’s up to 50 miles. And they aren’t starting from scratch here when it comes to logistics. They’ve jumped in on existing infrastructure for high-speed mass deployment. OJO is already partnering with bike operators and docking stations in cities around the U.S. They’re working directly with city officials to turn chaos into order. What cities might like most when it comes to order versus chaos is this: The innovators at OJO one of the few scooter companies to have added Bluetooth speakers with audio alerts and ability to make a scooter automatically slow down in school zones or on campuses. It’s a winning combination from a safety perspective--so cities are definitely on board. So not only are we looking at the first scooter option with a seat, but we’re looking at a potential disruptor of the entire ride-hailing market--that means Uber and Lyft … #3 The Scooter that Could Disrupt Uber and Lyft Uber and Lyft should be worried. The average Uber or Lyft ride is about 5-15 miles. Guess what? OJO (TSX.V:OJO, OTC:AZNVF) isn’t just a scooter for short hops. It’s also doing 10-15-mile rides. That’s likely in part thanks to the comfort of a seat and hyper-charge power. That blows the average scooter out of the water, and even threatens Uber and Lyft. The average scooter ride is about 0.6 miles. OJO’s average is closer to 2 miles. And at the upper end of 10-15 miles, there are no scooters out there that can compete. And the economics are trail-blazing. Right now, OJO is looking at about $15 per day, per scooter. Right now, they’ve got 200 on the road, but a big push is underway which should ramp up revenue in Q4. They will be increasing total deployment to 1,250 in November and by the end of the year OJO anticipates having 2,500 scooters deployed. That’s nearly $14 million revenue run rate. Next year, they’ll come out with an even newer 2020 model, and plan to have up to 15,000 on the ground. That’s over $80 million revenue run rate. And they’re about to go public after just completing a $6 million raise. That raise will get them through the production and deployment of 2,500 new scooters. What will the venture capitalists like most here? The differentiated economics. As we’ve said, they’re already throwing tons of money at this segment, despite all the drawbacks. Bird and Lime have been criticized for moving too quickly and blowing through VC money in a heartbeat. OJO is methodical. It’s putting out a model that will scale, recoup and last a long time. #4 The Mojo Behind the OJO It’s not sustainable to just throw a ton of scooters on the street and see what happens. What we’ve seen so far is an attempt to throw money at clear demand without any attention to innovation, design or urban planning details. OJO (TSX.V:OJO, OTC:AZNVF) watched and determined where the competition was failing, badly. OJO is a design-first company founded by a group of wildly successful inventors, designers and consumer goods entrepreneurs. They include Don Ratner, OJO director, who has brought over $1 billion in famous toys and licensed goods to market for everyone from Disney and Nintendo to Coca-Cola and Mars. OJO plans to disrupt the disruptors, and they’re disciplined enough to do it. For one, they’re ready to capitalize on the scooter blitz chaos that Bird and Lime helped create. The executive management includes CEO and Director Max Smith, who has successfully raised capital and driven business growth through eight major exits, including for World Color Press, LinkShare, blip, Gartner’s Tech Republic and JASH, among others. They’re partnering with Fiore Group, the pre-eminent merchant banking group behind market successes like Lithium X Energy and Lionsgate Entertainment, to go public this quarter, filling a gap in the equities markets with a pure-play offering of access to the massive growth of the micro-mobility sector. They are coming in with their clean-up crew that has respect for city planning and infrastructure, a safety aspect that appeals to everyone and a plan not only for reducing congestion and carbon emissions, but for making any ride a fun ride. #5 Massive Upside Potential Look no further for leadership in the micro-mobility market. Where Bird and Lime were two years ago, OJO is now. They’ve already launched in Austin, Dallas and completed a pilot in Hoboken, New Jersey. Ojo launched in Memphis, TN this week and are also in discussions with San Antonio, Portland, Washington, DC, Nashville, Atlanta, Seattle and more. Bird’s wings have been clipped a bit, and while that hasn’t stopped it from hitting a $2.75 billion valuation, there’s no upside left. OJO (TSX.V:OJO, OTC:AZNVF) is a better beast all around, and when you have startups in this space turning into unicorns in a matter of months, the upside for a scooter company ticking all the right boxes is incredible. By the end of the year, their scooter deployment may be 10x current levels, and voracious venture capital may have already grabbed a big chunk of the upside. By 2020, if they reach their goal of 15,000 scooters across the US, that upside might be gone entirely. This is where Tesla meets Vespa and eats a Razor for lunch. In a segment that’s minting unicorns at record speed, the startup with a phenomenally more innovative product could hit unicorn status even faster. Other companies looking to transform the mobility industry: Power Financial Corp (TSX:PWF) has been in the finance industry since 1984. The company operates in three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa). And, with its holdings in a diversified portfolio spanning the United States and Europe, Power Financial is a leader in its field. Focusing its investments in emerging industries, Power Financial stands to benefit by riding this wave into the future. The company’s forward-thinking attitude and liberal approach to technology is sure to leave investors satisfied. Kuuhubb Inc. (TSXV: KUU) is a company active in the development and acquisition of lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through its groundbreaking AI and big data applications suggest that its stock is currently undervalued, but it’s not likely this opportunity will last for much longer. Though it’s focus is on mobile video games, Kuuhubb’s innovative technology and focus on Big Data makes it a likely target of acquisition and could be a key player in the mobile industry. The Descartes Systems Group Inc. (TSX:DSG) (commonly referred to as Descartes) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. The company is making waves in the tech industry with its futuristic products and visionary leadership. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential in the world of commerce. Kinaxis Inc (TSX:KXS) is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company's RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning. Kinaxis is a growing company, but the company has already carved out a significant piece of the pie. As a leader in its field, Kinaxis is a force which investors are keeping an eye on. Computer Modelling Group (TSX:CMG) is a software technology company producing reservoir simulation software for critical infrastructure. Computer Modeling Group LTD. Is a tempting trade for investors as it brings together two essential industries - tech and resources- which are going anywhere any time soon. Especially as the need for security grows, a tech company involved in the oil and gas industry has an incredible opportunity to offer other services. While Computer Modelling Group focuses on the resource industry, its technology is definitely breaking ground. Founded nearly 40 years ago by Khalid Aziz, a renowned simulation developer, the company has proven that it has staying power. As the resource industry meets technology, this will be a stock to pay attention to. By. Ian Jenkins IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT. This communication was paid for by OJO. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by OJO Electric to conduct public awareness communication and marketing. OJO Electric paid the Publisher fifty thousand US dollars to produce and disseminate this and other similar articles and certain banner ads. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should be aware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume during the course of public awareness marketing, which subsides as the investor awareness marketing subsides. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information. SHARE OWNERSHIP. The owner of Oilprice.com owns shares and/or stock options of the featured companies and therefore has an additional incentive to see the featured companies’ stock perform well. The owner of Oilprice.com has no present intention to sell any of the issuer’s securities in the near future but does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The owner of Oilprice.com will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, changing governmental laws and policies concerning, among other things, ride-sharing and scooter-sharing companies, the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc. INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. TERMS OF USE. By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here http://oilprice.com/terms-and-conditions If you do not agree to the Terms of Use http://oilprice.com/terms-and-conditions, please contact Oilprice.com to discontinue receiving future communications. INTELLECTUAL PROPERTY. Oilprice.com is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.