Cataca Resources Inc(OTCMKTS:CATQ) has been highly volatile in recent months making big moves and trading significant volume. The stock has traded as low as $0.25 and as high as $1.21 and has become a staple among the exchange top most traded.
CATQ has been on fire since the reverse merger with FlitWays Technology, Inc the new Company pitches itself as the “Flitways is the Uber of pre-scheduled rides”.
Cataca Resources Inc(OTCMKTS:CATQ) new Company FlitWays is a ground travel booking and scheduling company revolutionizing the way travelers access rides through a reliable internally developed network of providers and state-of-the-art proprietary technology. FlitWays is available in all major US cities, including Los Angeles, San Francisco, Boston, New York, Chicago, San Diego, Miami, Orlando, Las Vegas, Honolulu, Washington DC, Seattle, Austin, Dallas, Houston, Tampa, Nashville, New Orleans and many more.
FlitWays Technology’s business model is focused to offer corporations and travel suppliers a seamless pre-booked ground transportation service that meets their unique travel and service needs. To achieve this, FlitWays has already internally established direct contracts with over 15,000 local licensed and certified drivers in over 175 cities and 400 airports.
The FlitWays network empowers several Fortune 100 corporations and travel suppliers with reliable, safe, and affordable ground transportation service, including American Express, Amazon, Samsung, Rolls-Royce, Xerox, TUI Group, and many more. In addition, FlitWays has simplified the process of booking ground travel by building direct API integrations with major travel suppliers (e.g. Booking.com, Kayak) to offer seamless ground travel booking to their travelers. FlitWays currently has 20+ Active Revenue Agreements with corporate accounts and travel resellers, and additional Beta Test Agreements in place with several Fortune 100 companies.
FlitWays lets you manage and control your business ground travel expenses anytime and anywhere. Avoid unnecessary surprises and hassles with our streamlined integrated booking service. Take advantage of our features and take control of your travel spending with ease.
With FlitWays online and mobile app ride booking you can stay organized for your travel by pre-booking a vehicle that will be ready to pick you up and drop you at your destination.
Consider FlitWays your one-stop shop for all of your ground travel needs. With over 15,000 vehicles to choose from and with service in over 89 cities, the possibilities are endless and you can create your own personal travel experience based on your lifestyle.
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On October 6 CATQ announced additional information regarding the current business model of FlitWays Technology, Inc. (“FlitWays”), a Los Angeles-based ground travel booking and scheduling company. Cataca Resources has entered into a definitive agreement to acquire 100% of FlitWays in an all-stock transaction.
Tobi Mac Aro, president of Cataca Resources and CEO/founder of FlitWays, commented, “FlitWays was built with corporate travel needs in mind and is now the ideal platform to schedule and manage their global ground transportation services. We know that businesses and travel providers can accomplish more on FlitWays than compared to what can be achieved on Uber or Lyft. Structuring FlitWays as a publicly traded company is a key component of our plan to grow and expand the company into new markets and internationally. With the audit and financial statements now completed, we look forward to closing the transaction very quickly and launching the next phases of our expansion strategy.”
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Currently trading at a $30 million market valuation CATQ has seen heavy trading and significant volatility since the reverse merger with FlitWays Technology, Inc CATQ while lacking financials is an exciting story with a potent message “Flitways is the Uber of pre-scheduled rides”. And the ticker symbol is CATQ. Short term could go higher long term is a different story. We will be updating on CATQ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CATQ.
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Disclosure: we hold no position in CATQ either long or short and we have not been compensated for this article.