DropCar, Inc. (Nasdaq: DCAR) Rings The Nasdaq Stock Market Opening Bell

NEW YORK, Feb. 20, 2018 -- DropCar (NASDAQ:DCAR), a provider of automotive vehicle support and logistics services for both consumers and the automotive industry, today celebrated its recent listing on the Nasdaq Capital Market by ringing the Nasdaq Stock Market Opening Bell. The company acquired its symbol upon the completion of its merger with WPCS International, which was completed on January 30, 2018.

“We are positioned to become the middleware for the new urban mobility,” said Spencer Richardson, co-founder and CEO of DropCar at the bell ringing ceremony. “Our cloud-based logistics platform, combined with our mobile app and hundreds of professionally-trained drivers enables us to ensure consumers have the vehicle they want at the place they want at the time they want it.

“We’re working toward a future where our app is not only on your phone, but in your car, on your Echo, Google Home and on your Apple HomePod. You will be able to say: ‘I want the SUV charged up and ready at 5:30 pm today at home.’ And boom – it will be there.”

DropCar’s cloud-based platform and mobile app blends the efficiency and scale of cloud computing, machine learning and connected cars with the high-touch of highly trained drivers to help both consumers and mobility-related companies overcome the costs and logistics headaches of vehicle ownership and access in congested cities.

DropCar provides consumers with best-in-class, on-demand vehicle pickup, parking, service, and delivery. DropCar’s logistics platform helps dealers, leasing companies, and shared mobility companies reduce costs, better serve customers and create new revenue streams.

Photos and video of the bell ringing ceremony with DropCar can be found at: http://business.nasdaq.com/discover/market-bell-ceremonies/detail.html#!/!?ceremonyId=8000

About DropCar
Founded and launched in New York City in 2015, DropCar (NASDAQ:DCAR) offers its Vehicle Support Platform (VSP), a cloud-based platform and mobile app that help consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. Its technology platform blends the efficiency and scale of cloud computing, machine learning and connected cars with the high-touch of highly trained valets to move cars to/from fully staffed, secure garages to/from the people (or businesses) who own them. Consumers use DropCar’s mobile app to ease the cost and stress of owning a car in the city. Dealerships, leasing companies, OEMs and shared mobility companies use DropCar’s enterprise platform to reduce costs, streamline logistics and deepen relationships with customers. More information is available at www.dropcar.com.

Forward-Looking Statements
This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, prospects, plans and objectives of management are forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the combined company to meet its business objectives and operational requirements and the impact of competitive products and services and technological changes. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors under the heading “Risk Factors” in DropCar’s filings with the Securities and Exchange Commission. Except as required by applicable law, DropCar undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact
John Williams, Scoville PR for DropCar
[email protected] (206) 625-0075

Investor Relations Contact
Daniel Gelbtuch, VP of Corporate Finance for DropCar
[email protected] (917) 509-9582