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SUNRISE, Fla., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Beta Music Group, Inc. (OTC Pink: BEMG) announces that its subsidiary, Get Credit Healthy (“GCH”), and Driveitaway, Inc. have entered into an agreement aimed at improving the lives of drivers for ride sharing companies, such as Uber and Lyft.
GCH (https://getcredithealthy.com/) is a fintech company that has developed a proprietary platform that provides consumers with access to tools and resources to rehabilitate and build their credit profiles and improve credit scores. DriveItAway (https://www.driveitaway.com/) has implemented a turn-key, solutions driven program. It has developed revolutionary mobile technology, including dealer-based “Car Sharing for Ride Sharing,” to offer temporary vehicles to Ride Share (Lyft, Uber) drivers, and has forged a “path to ownership” for those who ultimately wish to own their own Ride Share vehicles.
The two companies agreed to integrate GCH’s platform into DriveItAway’s platform to create a true path for consumers to own their own car. According to Goldman Sachs projections, the ride sharing industry is expected to grow eightfold to $285 billion by 2030. An estimated 40% of Uber and Lyft drivers need to rent cars because they do not have qualifying vehicles. DriveItAway is offering access to GCH’s credit coaching resources to all of its consumers at no additional cost to them in order to make that “path to ownership” a little less arduous.
John F. Possumato, CEO of DriveItAway, said that “this ‘no strings’ offer is an industry first. GCH is the best in breed, and offers access to the most reliable, efficient, comprehensive non-profit credit coaching program currently available. This program fits perfectly with the services we currently offer to our Lyft & Uber driver base, and does not require drivers to buy any vehicle, or purchase from any dealer, in particular. With the ‘on-demand’ employment Ride Sharing provides, we can improve lives by making it easy for everyone to increase their income and improve their credit. Our objective is to make this a win for all.”
Elizabeth Karwowski, CEO of GCH, stated “Our traditional partners have been financial institutions, mortgage companies, and municipalities. The common mission of these institutions is to offer consumers the tools & resources to improve their credit profile and overall financial lives. GCH provides access to its network of non-profit credit coaches who devise a strategic path, and guide consumers every step of the way on their paths to getting credit healthy. We are delighted to be launching this new initiative with DriveItAway, and expect to achieve tremendous results for ride share drivers, nationally.”
DriveItAway is the first dealer-focused enabler for franchise and independent dealers to enter the business of Mobility as a Service – Car Sharing for Ride Share (Lyft, Uber) Drivers, vehicle subscriptions, etc. DriveItAway provides a turn-key, solutions driven program with a proprietary mobile technology, insurance coverages and training to get your dealership up and running in all vehicle subscription services, with the deepest experience in the highly profitable, scalable, and rapidly expanding business, supplying temporary and permanent vehicles to Lyft and Uber drivers. For further information, please visit https://www.driveitaway.com/.
ABOUT BETA MUSIC GROUP, INC. (OTC “BEMG”)
BEMG, through its operating subsidiary, Get Credit Healthy (www.getcredithealthy.com), utilizes its proprietary processes, platform, and software to integrate with lenders to make it easier to recapture leads. Developed for and by those with extensive experience in the mortgage industry, Get Credit Healthy's platform has already facilitated over $200 million in new loan opportunities for its partners.
Get Credit Healthy has shown sustained growth over the past three years and shows no signs of slowing down. Get Credit Healthy is working to increase its network of partners and is looking forward to a very promising future. Please visit the company website at www.betamusicgroup.net; twitter at www.twitter.com/bemg12 and financial information can be found at www.otcmarkets.com/stock/BEMG/profile.
Safe Harbor Statement
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
For information, please contact:
Elizabeth Karwowski, CEO
Beta Music Group, Inc.
Get Credit Healthy, Inc.
8411 West Oakland Park Blvd.
Sunrise, FL 33351
(877) 850-3444 Ex 7