Facedrive Expands Service to Kitchener, Waterloo and Cambridge, Offering the Region Its 1st Green Choice in Ridesharing

TORONTO–(BUSINESS WIRE)–Facedrive Inc. (TSXV: FD), (“Facedrive”) the first Canadian peer-to-peer, eco-friendly ridesharing network, announces its official expansion into the Kitchener, Waterloo and Cambridge region (“KWC”) on October 25th, 2019. Facedrive offers residents and visitors a safe and easy way to get around the city only with a few taps on their mobile device. Unlike others, Facedrive is not just another rideshare – it is 100% Canadian and is also eco-friendly, focussing on vehicle emissions reduction. Customers can request rides in electric, hybrid and gas-powered vehicles through the Facedrive app.

Facedrive is now creating opportunities for local talent, by offering drivers easy registration and a partnership model where drivers keep 85% to 90% of the rideshare fare for all completed rides. Drivers are covered by insurance, keep 100% of the tip and have access to LIVE Canadian support.

Riders concerned about rising global temperatures can reduce the carbon footprint in the environment by activating Facedrive’s initiative of planting trees locally, with every ride fare. Kitchener, Waterloo and Cambridge riders can also count on Facedrive to avoid surge pricing, unlike its competitors.

Chairman of Facedrive, Sayan Navaratnam, adds, “We continue to offer fair pricing and ethical business practices to riders and new drivers. Our commitment to safety is paramount, and we employ an extensive driver screening process ensuring that all our drivers are well qualified and well trained before they start driving with the company. For riders, our app is easy to use. Just download, and a few taps will get you a ride in minutes, and as a bonus, you’ll be helping the KWC environment.”

About Kitchener-Waterloo-Cambridge (KWC) region: Kitchener-Waterloo-Cambridge region is west of the Greater Toronto area in Southwest Ontario, with a total population of 735,000. It is famously known as “Canada’s Silicon’s Valley” with a high concentration of tech companies like Blackberry. The area also features natural wet-climate soil and deciduous forest and is historically known as a German settlement. For more information about the region, visit: https://www.explorewaterlooregion.com/region-of-waterloo/city-of-kitchener/

About Facedrive Inc.: Facedrive is a unique people and planet first ride-sharing platform committed to doing business fairly and equitably. As a community platform, drivers are real partners in the company, benefitting from uniquely customized incentives and rewards that reflect a dedication to shared success.

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

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements as defined under applicable securities laws. All statements in this news release, other than statements of historical facts, that address events or developments that management of the Corporation expect, are forward-looking statements. Specifically, the references in this news release to the anticipated benefits of the Facedrive and Westbrook collaboration, including the speedy expansion of Facedrive’s geographic reach and that Westbrook will bring new, exciting and exclusive content to the Facedrive rider experience, constitute forward-looking statements. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Corporation’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Please see Facedrive’s filing statement for a detailed discussion of the risk factors faced by it. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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 news release.

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