FlitWays Signs Distribution Agreement with TUI Group to Provide Worldwide Ground Transportation
(firmenpresse) - CULVER CITY, CA -- (Marketwired) -- 10/28/16 -- FlitWays (OTC PINK: CATQ), a Los Angeles-based ground travel technology company, today announced that it has signed a Distribution Agreement with TUI Group to provide ride supply for the TUI Group: TaxiTime apps, currently live in the U.S., France, Britain, Spain, and Germany. The Distribution Agreement was executed following positive results from a pilot program. FlitWays Technology, Inc. is a wholly-owned subsidiary of Cataca Resources, Inc.
The TaxiTime app is a global taxi metasearch operated by Hotelbeds, a division of TUI Group, the largest leisure, travel, and tourism company in the world. TUI Group owns 1,800 travel agencies, 300 hotels and resorts, 6 airlines with 130 aircraft, cruise ships, and retail stores, with approximately 75,000 global employees. Headquartered in Hannover, Germany, TUI Group shares are jointly listed on the Frankfurt Stock Exchange and the London Stock Exchange as a constituent of the FTSE 100 (index of the 100 largest LSE listed companies by market capitalization).
FlitWays founder Tobi Mac stated, "This is another huge win for FlitWays, TUI Group, and for every private and business traveler using our service. With the launch of our new global ride supply partnership, we have an opportunity to solve the first-last mile problem for all travelers worldwide."
FlitWays, a Los Angeles-based travel technology company, offers Pre-Booked and On-Demand ground transportation in 170 cities around the world -- including rideshares, taxis, black cars, and airport shuttles. Currently servicing over 400 airports with a fleet of over 20,000 vehicles, FlitWays is there to handle all travel ride needs. FlitWays provides security and peace of mind for both business and private travelers with secure booking and all-inclusive rates.
For additional information regarding FlitWays, visit . Additional information regarding FlitWays Technology, Inc. and Cataca Resources can also be found in the Company''s most recent filings with SEC at and further Company press releases.
This press release may contain certain "forward-looking statements" relating to the business of Cataca Resources. All statements, other than statements of historical fact included herein are "forward-looking statements," including, but not limited to; the proposed corporate name change; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company''s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company''s periodic reports that are filed with the Securities and Exchange Commission and available on its website (). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Hermosa Capital Management Inc.
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Datum: 28.10.2016 - 06:30 Uhr
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News-ID 1466617
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