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HADDONFIELD, NJ, March 24, 2022 (GLOBE NEWSWIRE) — Creative Learning Corporation (to be renamed DriveItAway Holdings, Inc.) (OTCQB: CLCN) and DriveItAway, Inc., a Delaware corporation (“DIA”), a leader in sector in new mobility platforms, announced today that they have now fully finalized the exchange transaction. The company’s management team and board of directors are now made up exclusively of the DIA team, and the company’s former learning business has been transferred to the former management of Creative Learning Corporation. The company name will soon be changed to DriveItAway Holdings, Inc., to reflect its sole business focus and new management.
Added to the new Board of Directors of the Company, Paul Patrizio. Mr. Patrizio has been a corporate lawyer, investment banker, venture capitalist and corporate executive, for public and private companies during his career spanning more than 35 years. Since 2015, he has been Managing Partner of Apogee Partners LLC, a private investment firm with interests in a diverse set of emerging growth companies. He is also a partner at Patrizio & O’Leary LLP, a law firm in Princeton, NJ that specializes in representing public and private growth companies and their investors in corporate transactions and general commercial matters. .
“It is a very exciting time for us with the new management team in place as we welcome Paul to our Board. We can now focus solely on the huge opportunity for our growing business of addressing the unmet transportation needs of struggling and entry-level employees across the United States, and enabling everyone to access the future of electric vehicles to come,” said John F. Possumato, CEO of Creative Learning, soon to be named DriveItAway Holdings, Inc.
“Just back from the JD Power Annual Summit and National Automobile Dealer Association Convention less than two weeks ago, it’s no exaggeration to say that the focus was almost entirely on the “revolution” of electric vehicles coming into the vehicle selection on the market soon,” adds Possumato, “but electric vehicles cost 20-40% more than gas-powered vehicles and potential buyers are really hesitant to know if an electric vehicle is practical. or not for lifestyle needs.Our DriveItAway ownership subscription model is the perfect platform to overcome both of these hurdles, as it spreads the upfront cost over a period of months, through rental payments which accumulate towards the deposit, with the right, giving the renter the right, but not the obligation to purchase his rental vehicle.
Possumato continues, “DriveItAway is unique in the market today in that we allow moderate income and first-time buyers (not just the wealthy third car in the Tesla family garage) the benefits of driving a electric vehicle today (considerably lower consumption costs, reduced maintenance and driving pleasure), with the possibility of “trying it before you buy it”, like an infinite test drive that pays dividends. all” is no longer just a slogan, DriveItAway makes it a reality.
About John F. Possumato
John F. Possumato, is a renowned automotive industry consultant, author and speaker, and is the founder and CEO of DriveItAway Inc, which provides a turnkey cloud platform/consumer application for dealerships to offer new mobility solutions, including subscription-purchase options. A serial automotive entrepreneur and veteran dealership owner, Possumato has over 30 years of experience leading the automotive industry. He is also a lawyer, a graduate of the University of Pennsylvania Law School (JD) and the Wharton School of Business (BS), is a member of the Pennsylvania State Bar, was a founding member of the Board of director of the International Automotive Remarketers Alliance and former counsel on the board of directors of the Automotive Fleet and Leasing Association. He recently helped create the Drive For Freedom Foundation, a non-profit organization created to alleviate “carless poverty.”
DIA is the nation’s first dealer-focused mobility platform that enables auto dealerships to sell more vehicles seamlessly through e-commerce, with its exclusive app-based subscription program “Pay as You Go” . DIA offers a comprehensive, turnkey, solution-focused program with proprietary mobile technology and driver app, insurance coverages and training to enable dealerships to quickly and profitably operate in online sales opportunities. emerging line. The company plans to expand its simple and transparent ownership subscription platform soon to allow entry-level consumers to drive and acquire new electric vehicles. For more information, please see www.driveitaway.com.
Caution Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions regarding matters that are not historical facts. In some cases, you can identify forward-looking statements by using forward-looking words such as “may”, “will”, “should”, “expect”, “intend”, “anticipate”, “anticipate “, “believes”, “estimates”, “predicts” or “potential” or the negative of these words and expressions or similar words or expressions which are predictions or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ materially from those expressed in any forward-looking statement. forward-looking statements reflect Creative’s good faith beliefs, assumptions and expectations, but are not guarantees of future performance.Creative cautions investors not to e place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of this press release. Creative is under no obligation to update these forward-looking statements after the date of this press release, or to conform any prior statements to actual results or revised expectations, and Creative does not intend to do so.
Creative Learning Corporation/DriveItAway Holdings, Inc.
For more information, please see:
www.creativelearningcorp.com (under review)
Source: Creative Learning Corp.