CHARLOTTE, N.C., Nov. 27, 2017 (GLOBE NEWSWIRE) -- RumbleOn, Inc. (Nasdaq:RMBL) is a disruptive e-commerce platform that facilitates the ability of consumers and dealers to buy, sell, trade, and finance pre-owned motorcycles and other powersport and recreation vehicles in one online location. Today, the Company announced the appointment of Peter Levy as its Senior Vice President of Dealer and Auction Services. Levy is a seasoned operating executive who for many years has been highly regarded within the automotive industry. In his role, Levy will oversee the development of the Company’s dealer network and the rollout of its industry-leading dealer-to-dealer internet marketplace that will offer qualified dealers access to a virtual inventory of thousands of wholesale vehicles.
His professional experience includes a senior management position at Integrated Auction Solutions, a premiere Independent Auto Auction simulcast provider. His 25-year distinguished career comprises several successful startup businesses that capitalized on technology to gain market share and while creating trendsetting policy. Mr. Levy has taken leading roles in sales, marketing, and consulting in a number of technology-driven businesses, which has fostered relationships with many senior executives across a broad scope of industries.
“We are excited to have Peter join our expanding team,” said RumbleOn Founder and CEO, Marshall Chesrown. “Given his impressive industry background, including his work at Integrated Auction Solutions, we believe he will make a significant and immediate contribution in our effort to, as a Company, create the most trusted brand and efficient online marketplace and distribution system in the recreational vehicle market.”
“I am very excited to be a member of the RumbleOn management team in supporting the rapid expansion of the Company,” commented Levy. “I have spent many years in the information services industry, and I view RumbleOn as an opportunity second to none.”
RumbleOn operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycle and other powersport and recreation vehicles in one online location. RumbleOn’s goal is to transform the way motorcycles and other powersport and recreation 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 601cc and larger on-road motorcycles. Serving both consumers and dealers, through its online platform, RumbleOn makes cash offers for the purchase of their vehicles and intends to provide them the flexibility to trade, list, or auction their vehicle through RumbleOn’s website and mobile applications. In addition, RumbleOn offers a large inventory of used vehicles for sale along with third-party financing and associated products. For additional information, please visit RumbleOn’s website at www.RumbleOn.com. Also visit the Company on Facebook, LinkedIn, Twitter, Instagram, YouTube and Pinterest.
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements include whether Mr. Levy will make a significant and immediate contribution to the Company and whether Mr. Levy will be able to assist in the Company’s rapid expansion. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q and other SEC filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Alecia Pulman (Media) /Megan Crudele (Investors)
Source: RumbleOn, Inc.