Trading below $1.30 last month, WRPT has been gaining steam in recent weeks.
After a slight pull back yesterday, it rebounded to a $1.71 close.
This could signal potential support growing at levels just above $1.50.
If potential support grows there, it could act as building blocks for future near term growth (especially while this week's update continues to circulate).
Read this week's full press release below and get WRPT on your radar this morning.
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WarpSpeed Taxi Inc (WRPT) Monthly Update with a Signed USA Licensing Agreement, Five-Year Plan and Beta Testing
LAS VEGAS, NV – March 23, 2022 – WarpSpeed Taxi Inc. (OTC: WRPT) (“WarpSpeed” or the “Company”), the developer of an all-in-one software solution for ride hailing, food delivery, and courier services, is excited to update its shareholders with breaking news over the last month.
On March 16, 2022
The Company announced it had signed an Agreement with a U.S.-based joint venture partner (the “US Partner”) to launch ride-hailing and delivery operations in the United States using the Company’s feature-rich, white-label software platform.
The US Partner has agreed to contribute $1Mn in stages by December 31, 2022 in order to drive the launch of operations in return for access to the WarpSpeed Taxi platform and 50% ownership of the venture.
The initial launch is planned for October 2022 in Nevada, with expansion into additional states by December. (Read the March 16, 2022 Press Release)
On March 1, 2022
WarpSpeed Taxi’s model is designed to leverage Joint Venture partnerships with local entrepreneurs interested in the Ride Hailing and Delivery space. In each local JV, the Company will provide a customized version of its highly adaptable white label WarpSpeed Taxi software platform. In return, partners will provide an initial six-month funding runway, and WarpSpeed will retain 50% ownership of each venture, and will also receive 2.5% of all gross revenues as a licensing fee for the use of the WarpSpeed software platform as well as an additional monthly backend management fee equal to $5,000 or 2.5% of sales, whichever is greater.
The Company has put together a 5-year plan to target 90% of the 205 countries that make up the world. English is the primary language in 8 of those 205 countries, and the secondary language in another 64. English is neither the primary nor secondary language in the remaining 133 countries in the world.
Over the next 5 years, the Company is targeting the establishment of between 185 to 205 Joint Ventures with local entrepreneurs, and the achievement of a global market share in the ride hailing and delivery space of 11.5%. (Read the March 1, 2022 Press Release)
On February 15, 2022
From day one our goal with WarpSpeed Taxi was to develop a model that allows us to scale globally at a rapid pace, provide profits to our shareholders without dilution risk, reduce ride and delivery costs for passengers and businesses, and incentivize drivers with a larger overall cut from multiple overlapping services.
We are now engaged in active beta testing in Ahmedabad, India. Once we complete beta testing and integrate any necessary software patches, we will launch live across India and begin our expansion in additional countries. We expect this to occur next quarter.
As noted above, we have developed a non-capital-intensive strategy for rapid expansion and marketing that will allow us to scale the model globally through local partnerships without leveraging our balance sheet or diluting in-vest-ors. The key lies in our software’s modular, customizable design. (Read the February 15, 2022 Press Release)
About WarpSpeed Taxi
WarpSpeed Taxi Inc. is a company involved in the development, testing, and marketing of a ride-hailing and food delivery computer and mobile device application known as “WarpSpeedTaxi: that will provide travelers with convenient door-to-door transport that leverages smart mobility platforms to connect drivers with passengers and lets drivers use their personal vehicles.
For more information go to: www.warpspeedtaxi.com
Forward-Looking Statements
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the company is not successful in developing, testing, or marketing its computer application, that its U.S. joint venture partner is unable to fund operations as agreed, or that the Company is unable to commence operations in other jurisdictions. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of WarpSpeed Taxi Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Nature Consulting, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
Corporate Contact: 2261 Rosanna Street, Las Vegas, Nevada, 89117 Telephone: (269) 692-9418info@warpspeedtaxi.com
