Miami, Fla., Oct. 06, 2022 (GLOBE NEWSWIRE) — OM Holdings International Inc (OTCQX: OMHI) is happy to announce the profitable launch of the DoRide expertise inside its DoGetGo Super App, at the Half Moon Resort, in Montego Bay, Jamaica. DoRide is a transportation expertise that enables customers to e-book rides in real-time, with government-approved drivers who personal newer mannequin automobiles.
This launch was accomplished in conjunction with the Jamaica Union Travelers Association (JUTA), Montego Bay Chapter, which beforehand executed a SaaS settlement with OMHI’s expertise subsidiary, Rydeum Caribbean, to solely use the DoGetGo Super App for real-time reserving and cost processing over the subsequent 5 years for his or her 12,000 drivers.
With the help of JUTA’s administration staff, OMHI plans to progressively onboard drivers till 90 % of the 12,000 JUTA drivers in the nation are onboarded. The firm has began onboarding in Western Jamaica, which is able to obtain 72% of the nation’s projected 2.45 million customer arrivals this 12 months. In 2022, these guests will spend about $2.9 billion nationally, with a big portion going in direction of transportation bills. In 2023, the OMHI plans to finish DoRide enlargement throughout the total nation by onboarding further government-approved transport firms.
Mark Vanterpool, CEO and Chairman of OMHI acknowledged at the launch, “While DoRide is the first experience to be launched within the DoGetGo Super App, it will not be the last. Next year, we intend to use DoRide drivers as an agnostic, nationwide delivery ecosystem for five other DoGetGo experiences—DoFood (food delivery), DoMart (grocery delivery), DoShop (real-time eCommerce delivery), DoSend (courier service), and DoTours (real-time tour booking) by integrating local businesses into the DoGetGo ecosystem. Before the end of 2023, we plan to launch DoMed (telemedicine) and DoTask (professional services), which will synergistically complete the overall user experience.”
“We are excited about bringing this Super App to the underserved Caribbean market. We are committed to giving power and freedom to this region, by onboarding vendors of all types and digitizing the exchange of goods and services. In the next couple of months, we plan to launch DoPay (real-time payments), which will allow DoGetGo users to seamlessly send cross-border payments in real time. This will be a game-changer for all residents and create unmatched shareholder value,” Vanterpool added.
“This launch completes a milestone that began in 2017 to develop a global multi-tenant, multi-service technology platform for underserved countries. The successful execution from conception to implementation of this platform is a testament to the hard work of the OMHI management team, who is now intently focused on expanding DoGetGo into similar emerging markets globally,” concluded Vanterpool.
About OMHI
OMHI operates supply companies and grocery shops in the Caribbean, by way of a cell software supply platform that gives an expedient, contactless choice for the transportation of individuals and important items. The firm’s storefront, OneMart, is the second-largest grocery retailer in the BVI. OHMI’s expertise subsidiary, Rydeum, has partnered with Jamacia’s largest taxicab union, JUTA, to launch the first Super App (DoGetGo) in the Caribbean. The firm plans to grow to be the main supplier of real-time items and companies in world underserved markets. For extra data, please go to https://omholdingsinc.com/
Forward-Looking Statements
With the exception of the historic data contained in this information launch, the issues described herein might include forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, adopted by, or that in any other case embody the phrases “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and related expressions or future or conditional verbs equivalent to “will,” “should,” “would,” “may,” and “could” are typically forward-looking in nature and never historic details, though not all forward-looking statements embody the foregoing. These statements contain unknown dangers and uncertainties which will individually or materially affect the issues mentioned herein for quite a lot of causes which are exterior the management of the firm, together with, however not restricted to, the firm’s potential to lift ample finance to implement its business plan, the affect of the COVID-19 pandemic on the firm’s business, operations and the economy in basic, and the firm’s potential to efficiently develop and commercialize its proprietary merchandise and applied sciences. Readers are cautioned to not place undue reliance on these forward-looking statements, as precise outcomes might differ materially from these described in the forward-looking statements contained herein. Readers are urged to learn the danger elements put forth in the firm’s filings with the SEC, which can be found on the SEC’s web site (www.sec.gov). The firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions, or in any other case.
Investor Relations Contact:
Andrew Barwicki
516-662-9461 / [email protected]
