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RumbleOn
Expands Horizons with
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New
Director of Specialty Vehicles
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Industry Veteran Kevin Cooper joins
RumbleOn to Lead Strategic
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Planning for Expansion into Specialty
Vehicle Markets
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Charlotte,
NC – August 2018 / Newsmaker Alert / RumbleOn
(NASDAQ: RMBL), the only 100 percent online powersports marketplace, announces
the appointment of Kevin
Cooper as Director of Specialty Vehicles to support its strategic planning
for expansion into the specialty vehicle markets of Boats and RVs. Since
RumbleOn’s inception, the platform has proposed a solution to the traditionally
arduous process of buying, selling, trading and financing powersport vehicles
with an efficient, safe and scalable acquisition and distribution model.
With inventory and data centered around VIN, the stage is set for new developments.
Cooper has joined RumbleOn to spearhead plans for expansion beyond motorcycles
later this year and into 2019. This future enhancement of the platform
into other vehicle segments enables consumers and dealers to create liquidity
for their assets as they do successfully today in the Powersports vehicle
segment through RumbleOn.
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Prior
to joining RumbleOn, Cooper most recently was the Director of Specialty
Vehicles for Manheim auctions, a division of Cox Automotive, where he was
responsible for overseeing operations, sales strategy and marketing efforts
across its 23 branded specialty locations. During over a decade with Manheim,
Cooper helped propel the brand to its leadership position in the Boat and
RV industry by working with locations to develop a wholesale marketplace
for both financial institutions and dealers to efficiently remarket specialty
products. Before Manheim, Kevin spent six years with MarineMax, Inc. managing
used boat inventory in the Central U.S. region.
"The
expertise that Kevin brings to RumbleOn will be instrumental in our strategic
plan to expand into Boats and RV’s in the future. We are the platform for
consumers to buy, sell, trade or finance motorcycles, and Kevin’s deep
industry experience will help extend our strategic vision into new markets,”
said Marshall Chesrown, CEO of RumbleOn. “With RumbleOn, we sought out
to disrupt the way consumers buy, sell, trade and finance vehicles online,
and we’re not stopping with motorcycles: we have our eye on new markets
and an expert team to lead us there. Kevin will be a very important component
of our continued success and we are excited to say the least!”
“RumbleOn’s
motorcycle customers have seen the speed at which they can sell their used
powersports, or purchase the one of their dreams. This excitement shouldn’t
be limited to just two wheels; we’re creating a vehicle buying and selling
powerhouse for enthusiasts across the country,” said Cooper. “I’m honored
to be a part of this industry-revolutionizing leader in the space, and
to lend my expertise to continued momentum for the company.”
For
more information on the RumbleOn marketplace, visit www.RumbleOn.com.
About
RumbleOn
RumbleOn
operates a capital-light disruptive e-commerce platform facilitating the
ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned
vehicles in one online location. RumbleOn’s goal is to transform the way
pre-owned vehicles are bought and sold by providing users with the most
efficient, timely and transparent transaction experience. RumbleOn’s initial
focus is the market for vin specific pre-owned powersport vehicles with
an emphasis on motorcycles and other powersports. Serving both consumers
and dealers, through its 100% online marketplace platform, RumbleOn makes
cash offers for the purchase of pre-owned vehicles. In addition, RumbleOn
offers a large inventory of pre-owned vehicles for sale along with third-party
financing and associated products.
Cautionary
Note on Forward-Looking Statements
This
press release contains “forward-looking statements” within the meaning
of the safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect RumbleOn’s
current expectations, projections and guidance with respect to its financial
condition, results of operations, plans, and objectives. The inclusion
of projections and guidance in this press release should not be regarded
as an indication that RumbleOn considered, or now considers, them to be
a reliable prediction of future results. RumbleOn cautions that these statements,
projections and guidance are qualified by important factors that could
cause actual results to differ materially from those reflected by the forward-looking
statements contained in this press release. Such factors include the “Risk
Factors” set forth in RumbleOn’s most recent Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission. All forward-looking
statements are based on information available to RumbleOn on the date of
this press release and RumbleOn assumes no obligation to update such statements,
except as required by law.
Contacts:
BLASTmedia
for RumbleOn
Jake
Doll, 317-806-1900 ext. 122
or
Investors:
The
Blueshirt Group
Whitney
Kukulka, 415-489-2187 |