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LOOPShare Announces Scoot-E-Bikes(R) Now Available on Amazon.com Through the Amazon Launchpad Program and Provides Corporate Update | 2020-09-17 | Press Releases

LOOPShare Announces Scoot-E-Bikes(R) Now Available on Amazon.com Through the Amazon Launchpad Program and Provides Corporate Update | 2020-09-17 | Press Releases 2020-09-19Leave a comment

LOOPShare Broadcasts Scoot-E-Bikes(R) Now Out there on Amazon.com By means of the Amazon Launchpad Program and Supplies Company Replace | 2020-09-17 | Press Releases

Vancouver, British Columbia–(Newsfile Corp. – September 17, 2020) – LOOPShare Ltd. (TSXV: LOOP) (OTCQB: LPPPF) (FSE: 3KZ) (“LOOPShare” or the “Firm”) is happy to announce that its Scoot-E-Bikes® at the moment are obtainable on the market on Amazon.com by means of its Amazon Launchpad program (www.amazon.com/launchpad). Amazon Launchpad helps entrepreneurs by offering sources, experience, and international help to assist showcase and ship progressive merchandise to tens of millions of Amazon clients. Amazon Launchpad is a supplemental program designed to jumpstart and speed up start-ups and entrepreneurs.

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Determine 1

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The Scoot-E-Bike® model was initially created by Ray J, a profitable tech-entrepreneur, TV persona and musician. It was acquired by LOOPShare to offer an eco-friendly, environment friendly, and handy mode of transportation, which straight aligns with LOOP’s core sustainable transportation enterprise mannequin. Excessive profile celebrities like Sean “Diddy” Combs, Justin Bieber, Chris Brown, Brandy Norwood, and Snoop Dogg have all been seen using and having fun with their Scoot-E-Bikes. Ray J is a key member of the Loop workforce and he works intently with the Firm as a Model Ambassador for Scoot-E.

Company Replace

The COVID-19 pandemic has had a major influence on companies throughout the globe, and LOOPShare isn’t any exception. COVID-19 has led to modifications in shopper habits, together with a diminished reliance on public transit and shared modes to transportation. Within the electrical scooter sharing phase, main business gamers equivalent to Hen and Lime have undertaken vital layoffs and diminished availability of shared electrical scooters attributable to decreased demand. The sensible realities of sanitizing electrical scooters after every use has introduced vital operational issues. Many electrical scooter ridesharing firms are revaluating their enterprise mannequin and altering how they’re deploying and advertising companies.

However, there was a major improve in demand for private use e-bikes much like the Scoot-E Bike. Private use e-bikes are comfy, handy, and permit customers to socially distance whereas being lively. When paired with an electrical motor, e-bikes could make even lengthy commutes a soothing and sweat-free expertise. E-bikes additionally contribute to international emission reductions as a inexperienced different.

LOOPShare has been evaluating its enterprise mannequin all through the COVID-19 pandemic. It made efforts to redeploy its bigger electrical scooters to be used in supply or single level rental operations. After evaluating its present operations and altering developments attributable to COVID-19, LOOPShare has decided that one of the best enterprise mannequin to comply with within the close to time period is to extend give attention to the sale of the Scoot-E-Bike. As a private use (non-shared) e-bike that’s in demand, this offers one of the best near-term alternatives for income and profitability.

In furtherance of this focus, LOOPShare shall be trying to cut back its present fleet of bigger electrical scooters by means of sale or different disposition. LOOPShare intends to retain a small fleet (15 to 30 electrical scooters) that it might probably use to check totally different fashions together with supply, rental and doubtlessly rideshare as soon as the COVID-19 pandemic subsides.

About LOOPShare

To be taught extra, go to www.loopscooters.com.

Firm Contact

info@loopshareltd.com

604-568-1598

Cautionary Word Concerning Ahead-Wanting Info

This information launch incorporates “forward-looking data” regarding anticipated developments and occasions associated to LOOPShare Ltd. (or the “Firm”) which will happen sooner or later. Ahead wanting data contained on this information launch contains, however is just not restricted to, statements with respect to the Firm’s future gross sales, revenues and income, intentions with respect to the sale of the Scoot-E-Bike and its intention to promote or switch its bigger electrical scooters.

In sure instances, forward-looking data will be recognized by means of phrases equivalent to “expects”, “intends”, “anticipates” or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “would”, or “may” suggesting future outcomes, or different expectations, assumptions, intentions or statements about future occasions or efficiency. Ahead-looking data contained on this information launch relies on sure elements and assumptions concerning, amongst different issues, the accuracy, reliability and applicability of the Firm’s enterprise mannequin; the well timed receipt of licenses; the well timed receipt of stock; operational success; the implementation of the Firm’s marketing strategy as supposed; the Firm’s skill to entry financing; and the influence of competitors. Whereas the Firm considers these assumptions to be affordable, they might be incorrect.

Ahead wanting data entails recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes to be materially totally different from any future outcomes expressed by the forward-looking data. Such elements embrace dangers associated to acts of God, the influence of basic financial circumstances, altering transportation business circumstances, will increase in working prices, terrorism, forex fluctuations, dangers associated to the impact of the COVID-19 pandemic on the worldwide economic system and demand for the Firm’s services and products, rates of interest, dangers particular to the transportation business, the power to draw certified personnel, labour disputes, regulatory dangers, together with dangers referring to the acquisition of the mandatory licenses, financing, capitalization and liquidity dangers, together with the chance that the financing might not be obtained and the extra dangers recognized within the “Threat Elements” part of the Firm’s filings with relevant Canadian securities regulators.

Though the Firm has tried to establish elements that might trigger precise outcomes to vary materially from these described in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The forward-looking data is made as of the date of this information launch. Besides as required by relevant securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace forward-looking data.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) has reviewed or accepts accountability for the adequacy or accuracy of this launch.

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