Facedrive Launches Marketplace for Exclusive Sustainable Merchandise Amid Global Expansion Push

TORONTO–(BUSINESS WIRE)–Facedrive Inc. (“Facedrive” or “the Company”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce the launch of the Facedrive Marketplace featuring exclusive new and exciting content, merchandise, and more from its partners.

The Facedrive Marketplace represents the launch of the company’s ecosystem approach to engaging and retaining its user base by featuring exclusive, sustainably sourced high-value products and services. Facedrive’s ambitious goal is to become a one stop shop for environmentally-conscious consumers looking for curated content and merchandise. The company has secured partnerships with a number of like-minded businesses, influencers and celebrities which shall be announced shortly. The Facedrive Marketplace only showcases socially responsible organizations and sustainable brands whose mission and values align with Facedrive’s “people and planet first” principles. These partners will gain privileged access to Facedrive’s loyal environmentally-motivated customer base as well as the opportunity to take advantage of the Company’s extensive driver network to provide fast and reliable shipments. It is expected that leveraging a common platform will create synergistic effect for Facedrive and each of its partners to further strengthen brand affinity, increase revenue and magnify social and environmental impact.

Users will be able to access Facedrive Marketplace through both the company’s website and the Facedrive application, which is now available for downloads globally. Moreover, Facedrive Marketplace will extend its services to geographies where the company’s ridesharing arm is not yet operational.

“We are excited to announce the launch of the Facedrive Marketplace, which adds another eco-friendly, sustainable revenue stream to our expanding ride-hailing platform, while at the same time further enhancing the full experience of our users in line with our responsibility to protect and preserve our planet,” said Facedrive Chairman and CEO Sayan Navaratnam.

“At Facedrive, we believe that you don’t need to be a hardcore activist/environmentalist to make a difference. Every little thing you do towards helping the planet adds up. We can collectively work together to make a difference by doing simple things such as purchasing eco-friendly/sustainable items. In this way, and through these contributions to both people and planet, Facedrive seeks to position itself above its competitors,” added Navaratnam.

About Facedrive

Facedrive is a “people-and-planet first” ride-sharing platform, and the first to offer green transportation solutions in this space. Facedrive is committed to doing business fairly, equitably and sustainably, with a firm dedication not only to seamless customer service that offsets CO₂ by planting thousands of trees and gives riders a choice between EVs, hybrids and conventional vehicles, but also to its drivers. Facedrive is a community platform designed to become the #1 recognized eco-friendly and socially responsible TaaS platform in any market that it enters. Facedrive is changing the ride-sharing narrative for the better, for everyone.

For more about Facedrive, visit www.facedrive.com.

Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See “Forward-Looking Information” and “Risk Factors” in Facedrive’s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Business Wire

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