Flitways Technology, Inc. is in the business of on-demand ground transportation services within the United States. The company has roughly 15,000 vehicles across 170 cities currently within its operation. The on-demand transportation company is seeing shares dive 25% during afternoon trading on Thursday, December 1, 2016. Over the past three months, the company has seen average daily volume of 664,489 shares. However, nearly 585,100 shares or dollar volume of $321,805, has already exchanged hands during Thursday trading.

Flitways Technology, Inc. is seeing shares dive on Thursday, after the company just recently announced it has opened a new headquarters in Silicon Beach, CA and has hired an additional 10 sales employees. The company says the moves come as it prepares to enter “the next stages of our growth strategy.” Here is the full press release detailing of the corporate upgrade:

Flitways Technology, Inc. Press Release:

CULVER CITY, CA–(Marketwired – Nov 29, 2016) – FlitWays Technology, Inc. ( OTC PINK : FTWS ) (“FlitWays” or the “Company”), a Los Angeles-based ground travel technology company, is pleased to announce that it has hired 10 additional team members at its new headquarters located in Silicon Beach.

As a result of this first of several planned hiring surges, the Company has added four experienced business development executives, two marketing staff, three software and technology developers, and one full time customer support manager.

Tobi Mac, founder of FlitWays, commented, “Our business expansion and recent move into large new corporate headquarters in the Los Angeles Silicon Beach tech hub has enabled us to attract some great new talent that will help us to drive the next stages of our growth strategy.”

Further updates regarding other planned FlitWays hires and appointments are anticipated over the next several weeks.

About FlitWays Technology, Inc.

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 www.FlitWays.com.

Additional information regarding FlitWays Technology, Inc. can also be found in the Company’s most recent filings with the SEC at www.sec.gov and further Company press releases.

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