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Dealer Partnership Offers Free Credit Repair Services to All Uber and Lyft Drivers in New Jersey and Pennsylvania

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LOS ANGELES–()–HyreCar Inc. (Nasdaq: HYRE), the carsharing marketplace for ridesharing,
today announced that it has launched a free credit repair program for
new rideshare drivers in New Jersey and Pennsylvania in conjunction with
Sansone Jr.’s 66 Automall, a leading dealer group in the region.

This first of its kind program is being offered as a continuation of
HyreCar’s mission to improve the lives of rideshare drivers by giving
them a true path to vehicle ownership. In addition to a path to vehicle
ownership, rideshare drivers are also given an opportunity to rebuild
their credit. This partnership is set to fuel vehicle supply growth on
the platform in the regions where the program is offered, with plans to
add upward of 100 vehicles by the end of 2018.

HyreCar is proud to be the first Mobility-as-a-Service platform to focus
on the long-term needs of dealerships and rideshare drivers. By giving
dealers the opportunity to expand innovative solutions to car ownership,
such as the “Rent 2 Own” program, rideshare drivers can more easily
access affordable vehicle options. Today, HyreCar is the first shared
mobility platform to recognize that credit repair services are a
necessary part of the path to vehicle ownership for many rideshare
drivers.

“This program is groundbreaking in that it shows one of the many ways a
dealer can customize HyreCar’s technology platform to grow their
existing business, while at the same time learning the
Mobility-as-a-Service tools of tomorrow,” said Joe Furnari, Chief
Executive Officer of HyreCar. “Further benefits include capturing higher
fees, which increases our lifetime value of the customer, helping better
the lives of our drivers through car ownership, and enabling dealers to
sell more cars.”

“Almost ten years ago, I launched our own ‘Rent 2 Own’ program for
people who needed a vehicle, but were also captured in a prolonged cycle
of renting due to poor credit,” said Paul Sansone Jr., President of
Sansone Jr.’s 66 Automall. “The emergence and rapid growth of the
on-demand employment economy, provided by these ridesharing companies,
combined with the innovative HyreCar platform will allow us to scale our
‘Rent 2 Own’ program tremendously. I look forward to offering our ‘Rent
2 Own’ program along with free credit repair services to all new
rideshare drivers in New York, New Jersey, and Pennsylvania.”

Paul Sansone Jr. owns Kia, Nissan and Mitsubishi franchises in Neptune,
New Jersey, a used car dealership in Keyport, New Jersey, and recently
acquired a Nissan dealership in East Windsor, New Jersey to expand the
“Rent 2 Own” program on HyreCar’s platform.

To sign up or learn more about the program, please visit https://hyrecar.com/rto.

About Sansone Jr.’s 66 Automall & Sansone Jr.’s EZ Auto Center

Sansone Jr.’s 66 Automall is located in Neptune, New Jersey, and
includes Kia, Nissan and Mitsubishi dealerships. Sansone Jr.’s EZ Auto
Center is located in Keyport, New Jersey and specializes in getting used
car loans approved in as little as 15 minutes. Sansone Jr.’s “Rent 2
Own” program is available in these locations, plus Windsor Nissan, in
East Windsor, New Jersey.

About HyreCar

HyreCar Inc. (Nasdaq: HYRE) actively operates in 50 states plus the
District of Columbia. The Company’s carsharing marketplace for
ridesharing was created to leverage technology and establish a presence
in automotive asset sharing. Drivers and vehicle owners alike can
utilize the platform to create an opportunity for themselves where one
did not previously exist. By providing a safe, secure, and reliable
marketplace, HyreCar helps both parties come together– one driver, one
vehicle, one road at a time. For more information, please visit www.hyrecar.com.

Forward Looking Statements

Statements in this release concerning HyreCar Inc.’s (“HyreCar” or the
“Company”) future expectations and plans, including, without limitation,
HyreCar’s partnerships and technology solutions, its ability to add and
maintain additional car listings from car dealers and consumer demand
for cars to be used for ridesharing, may constitute forward looking
statements for the purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995 and other federal
securities laws and are subject to substantial risks, uncertainties and
assumptions. You should not place reliance on these forward looking
statements, which include words such as “could,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,”
“predict,” “potential,” “project” or similar terms, variations of such
terms or the negative of those terms. Although the Company believes that
the expectations reflected in the forward-looking statements are
reasonable, the Company cannot guarantee such outcomes. HyreCar may not
realize its expectations, and its beliefs may not prove correct. Actual
results may differ materially from those indicated by these
forward-looking statements as a result of various important factors,
including, without limitation, market conditions and the factors
described in the section entitled “Risk Factors” in HyreCar’s
Prospectus, dated June 26, 2018, and HyreCar’s other filings made with
the U. S. Securities and Exchange Commission. All such statements speak
only as of the date made. Consequently, forward-looking statements
should be regarded solely as HyreCar’s current plans, estimates and
beliefs. Investors should not place undue reliance on forward-looking
statements. HyreCar cannot guarantee future results, events, levels of
activity, performance or achievements. HyreCar does not undertake and
specifically declines any obligation to update, republish, or revise any
forward-looking statements to reflect new information, future events or
circumstances or to reflect the occurrences of unanticipated events,
except as may be required by applicable law.

Source: on 2018-12-11 07:56:15

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