Valiant Eagle Inc.
(OTC:
PSRU) Significantly Increases Its Equity Stake in Sumer
Technologies, Inc., as the Ride-Sharing Company Readies Its Much
Anticipated Innovative Zumr App For Q1 2023 U.S.
Launch
Los Angeles, CA
-- September 28, 2022 -- InvestorsHub NewsWire
-- Valiant Eagle, Inc. (OTC:
PSRU) is proud to announce that the company has tripled
its equity ownership in the ride-sharing company, Sumer
Technologies, Inc. Valiant Eagle acquired its initial stake in
Sumer back in October 2021, as
a way to gain exposure to the ever-growing ride-sharing
industry.
Valiant Eagle's
increased ownership stake in Sumer comes as the multi-faceted app developer
diligently works on the development of several new applications.
The first app Sumer is focused on launching is called Zumr
Rideshare.
Zumr app is slated
for launch in the United States during the first quarter of 2023
and will be available on Android and iOS devices. Sumer is also
planning to roll out the Zumr app in Africa during the third
quarter of 2023. Further expansion across additional
international markets is also being considered. Sumer also
has a catalog of powerful AI-based apps slated for release in 2023
that will excite and energize the marketplace.
Valiant Eagle, CEO,
Xavier Mitchell says, "The financial upside for Sumer is without a
ceiling. Acting as a disruptor, their eventual market
dominance will be an asset for our company. Increasing our equity
made sense for the both of us. Drivers have been unhappy with
Uber and Lyft for quite some time. Sumer has taken the steps
to institute initiatives and perks to allow drivers and users to
benefit from the app."
Like Uber and Lyft,
Zumr will connect drivers with passengers looking for ride-sharing
services to reach their desired destination. However, Zumr has some
planned key features that will greatly improve payment to the
Zoomer drivers. Zumr says its ride-sharing rates are focused on
undercutting existing prices that are charged by the bigger
companies in the space. The Zumr app will utilize an on-demand
system, which will allow passengers and drivers alike to visualize
the fare cost and when drivers are active online.
Zumr Rideshare
plans to be the only ride-sharing app that allows drivers to
receive 100% of their ride-fares, tips, as well as a profit-sharing
feature. In addition, drivers will have the ability to further
maximize their earnings by renting, or lease-to-own an electric or
gas vehicle from a Zumr Rideshare-authorized partner dealership.
Drivers will not have to pay an annual membership fee to access
this opportunity.
The competitive advantage
Zumr has over the other ride-share platforms is that its drivers
will become Zumr drivers because they earn all the fares without
the hassle of driving long distances for a fraction of the payout.
Its Zumr drivers are now classified as fully independent Gig
workers not employees which has been the conflict for years with
Uber & Lyft that had to pay out millions of
dollars to reclassify their drivers. Their motto is simple:
why stress the tip when
you earn the whole trip!
Drivers gain access
to industry-leading earning capabilities, but there is one key
point of "fine print": Five-star service is required with every
single ride. Zumr Rideshare provides a great opportunity, but
drivers will be required to provide five-star service for every
ride. This includes open-and-close door service, following CDC PPE
protocols & COVID-19 guidance, and more.
For Zumr
passengers, there are some key differentials from the big players
as well. Passengers will pay a $3.95 service fee per ride, which is
included in their total fare. However, unlike other ride-sharing
apps, passengers automatically enter a chance to win online cash
rewards when using the service through the Zumr app. In addition,
passengers will have the opportunity to enroll in a referral
program, which pays $10 for each new driver that signs up through a
personalized referral code.
For more
information on the Zumr App, please visit https://www.thezumrapp.com/.
About Valiant Eagle Inc
Valiant Eagle, Inc.
(PSRU:
OTC) is a publicly traded corporation focused on energizing
celebrity entertainment, social media, and TV communications. VE
aims to achieve an unparalleled advancement in media through music,
sports, and technology for the millennial generation.
Valiant Eagle
Investor inquiries:
ir@valianteagle.net
Website: www.valianteagle.net
Twitter: @valianteagleinc
Facebook: @valianteagleinc
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