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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

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LOOPShare Publicizes Scoot-E-Bikes(R) Now Obtainable on Amazon.com Via the Amazon Launchpad Program and Offers 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 accessible on the market on Amazon.com by its Amazon Launchpad program (www.amazon.com/launchpad). Amazon Launchpad helps entrepreneurs by offering assets, experience, and world help to assist showcase and ship revolutionary merchandise to tens of millions of Amazon clients. Amazon Launchpad is a supplemental program designed to jumpstart and speed up start-ups and entrepreneurs.

Determine 1

To view an enhanced model of Determine 1, please go to:

https://orders.newsfilecorp.com/files/4789/63963_be8840d954d1ab9c_002full.jpg

The Scoot-E-Bike® model was initially created by Ray J, a profitable tech-entrepreneur, TV character and musician. It was acquired by LOOPShare to offer an eco-friendly, environment friendly, and handy mode of transportation, which instantly 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 big influence on companies throughout the globe, and LOOPShare is not any exception. COVID-19 has led to adjustments in client habits, together with a decreased reliance on public transit and shared modes to transportation. Within the electrical scooter sharing section, main business gamers equivalent to Chook and Lime have undertaken important layoffs and decreased availability of shared electrical scooters as a consequence of decreased demand. The sensible realities of sanitizing electrical scooters after every use has introduced important operational issues. Many electrical scooter ridesharing firms are revaluating their enterprise mannequin and altering how they’re deploying and advertising and marketing providers.

Alternatively, there was a big enhance in demand for private use e-bikes just like the Scoot-E Bike. Private use e-bikes are snug, handy, and permit customers to socially distance whereas being lively. When paired with an electrical motor, e-bikes could make even lengthy commutes a calming and sweat-free expertise. E-bikes additionally contribute to world emission reductions as a inexperienced various.

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 traits as a consequence of COVID-19, LOOPShare has decided that one of the best enterprise mannequin to comply with within the close to time period is to extend concentrate on the sale of the Scoot-E-Bike. As a private use (non-shared) e-bike that’s in demand, this supplies one of the best near-term alternatives for income and profitability.

In furtherance of this focus, LOOPShare can be seeking to scale back its current fleet of bigger electrical scooters by sale or different disposition. LOOPShare intends to retain a small fleet (15 to 30 electrical scooters) that it could possibly use to check totally different fashions together with supply, rental and probably rideshare as soon as the COVID-19 pandemic subsides.

About LOOPShare

To study extra, go to www.loopscooters.com.

Firm Contact

info@loopshareltd.com

604-568-1598

Cautionary Word Relating to Ahead-Trying Info

This information launch incorporates “forward-looking info” regarding anticipated developments and occasions associated to LOOPShare Ltd. (or the “Firm”) which will happen sooner or later. Ahead wanting info contained on this information launch consists of, 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 info 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 “would possibly” suggesting future outcomes, or different expectations, assumptions, intentions or statements about future occasions or efficiency. Ahead-looking info contained on this information launch relies on sure components 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 capacity to entry financing; and the influence of competitors. Whereas the Firm considers these assumptions to be cheap, they could be incorrect.

Ahead wanting info entails identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes to be materially totally different from any future outcomes expressed by the forward-looking info. Such components embrace dangers associated to acts of God, the influence of basic financial circumstances, altering transportation business circumstances, will increase in working prices, terrorism, foreign money 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 flexibility to draw certified personnel, labour disputes, regulatory dangers, together with dangers referring to the acquisition of the required 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 Components” part of the Firm’s filings with relevant Canadian securities regulators.

Though the Firm has tried to determine components that might trigger precise outcomes to vary materially from these described in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated. Accordingly, readers mustn’t place undue reliance on forward-looking info. The forward-looking info 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 info.

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

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/63963

copyright (c) newsfile corp. 2020

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