June 20, 2024

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Facedrive Foods Proceeds on Development Trajectory, Increasing Into Ethnic Meals Phase and Maximizing Wellness & Basic safety Actions

The MarketWatch Information Section was not concerned in the creation of this material.

Facedrive Inc. (“Facedrive”) (TSXV: FD), a Canadian “people-and-world first” tech ecosystem, is delighted to announce that its meals delivery vertical Facedrive Food items is growing into the ethnic food items phase while also employing new well being and security updates in reaction to burgeoning client desire. Facedrive Food items continues to experience sizeable expansion, with orders exceeding 3,700 food deliveries per day. Restaurant companions are now nearing 4,000 with over 220,000 lively buyers registered on a system that is now operational in 19 metropolitan areas across Canada – together with Toronto, Montreal, Ottawa, Winnipeg, Kingston, London, Edmonton and Halifax, and with growth strategies to other towns in Canada and the United states predicted soon.

Facedrive Food items has capitalized on the dramatic shift in commerce patterns and client behavior in the wake of the pandemic. As storefronts and restaurants have restricted their choices to acquire out or supply company solely, volumes of orders manufactured via on the net on-desire food stuff supply platforms have soared. At the exact same time, the ethnically diverse North American market carries on to show strong demand from customers for reliable nationwide cuisines. The tandem of these two tendencies has performed strongly into the Facedrive Foods’ playbook and ambitious expansion programs. Facedrive Meals strategic enlargement to ethnic food items section is dependent on the popularity of ethnic cuisines and to increase shopper accessibility to genuine ethnic food, which is now lacking in the market place.

Additionally, Facedrive Meals is introducing a amount of well being and security upgrades aimed at improving person health and fitness, safety and self-assurance as the second wave of the COVID-19 pandemic intensifies. Just one crucial protection precaution that has been rolled out all through the Facedrive Foodstuff platform is in-application temperature screen. This function enables prospects to see physique temperature of the driver delivering their get and routinely disables motorists who show over standard body temperatures. One more basic addition to the Facedrive Foodstuff offering will be the integration of Facedrive’s proprietary TraceSCAN item, a standalone make contact with-tracing wearable answer created on slicing-edge Bluetooth technologies and enabling features such as call-tracing and social distancing alerts. Facedrive Food items will be the initial foods shipping system to put into practice speak to-tracing technological know-how as a element of its COVID-19 prevention protocol. By Q1 2021, Facedrive Meals expects integration with TraceSCAN to be concluded and for all Facedrive Meals drivers to be donning TraceSCAN wearables.

“We are thrilled to be growing into the ethnic market to improved serve the growing desires of our clients,” reported Di Han, General Supervisor of Facedrive Food items. “We are also thrilled to implement in-app temperature readings as well as the TraceSCAN engineering suite to make certain the security of our drivers, buyers, or cafe workers. In this present condition, complying with stringent protection protocols is the only way to guidance places to eat and for our buyers to have peace of head when using our supply products and services. As this sort of, health safety continues to be a vital ingredient of our day-to-working day functions and long term outlook,” added Han.

About Facedrive

Facedrive is a multi-faceted “people-and-earth first” tech ecosystem offering socially-liable providers to nearby communities with a solid dedication to accomplishing business enterprise reasonably, equitably and sustainably. As part of this motivation, Facedrive’s vision is to fulfil its mandate as a result of a quantity of verticals that both leverage existing technologies of the Firm or challenge synergies with current lines of business enterprise (the “Facedrive Verticals”). The Facedrive Verticals include its rideshare company (“Facedrive Rideshare”), sustainable e-commerce system (“Facedrive Market”), food items-delivery company (“Facedrive Meals”), e-social platform (“Facedrive Social”) andits call-tracing and sustainable health and fitness products and services business (“Facedrive Wellness”).

Facedrive Rideshare was amongst the to start with to provide a wide assortment of environmentally and socially responsible options in the Transportation as a Company (TaaS) house, planting 1000’s of trees primarily based on user consumption and giving possibilities between electric, hybrid and regular automobiles (together with, additional recently, electrical and hybrid autos on a subscription foundation by way of Steer). Facedrive Marketplace provides curated items designed from sustainably sourced components. Facedrive Foodstuff gives contactless shipping of a large wide range of foods suitable to consumers’ doorsteps, with a focus on carrying out so in a socially and environmentally-mindful method. Facedrive Social strives to continue to keep people connected in a bodily-distanced globe by its HiQ and other e-socialization platforms that invite end users to interact primarily based on widespread interests and by featuring gamification and mutual group support features. Facedrive Health and fitness strives to create and supply ground breaking technological remedies to the most acute health and fitness difficulties such as its proprietary TraceSCAN wearable technological innovation for get hold of tracing. Facedrive envisions modifying the ridesharing, food stuff supply, e-commerce, social and wellness tech narratives for the much better, for all people, and is at the moment operational in Canada and the United States.

For additional about Facedrive, visit www.facedrive.com.

Facedrive Inc.

100 Consilium Pl, Device 400, Scarborough, ON, Canada M1H 3E3

www.facedrive.com

Ahead-Hunting Statements

Certain info in this press launch includes ahead-hunting information and facts. This information and facts is based on management’s reasonable assumptions and beliefs in light-weight of the data at present available to us and are made as of the date of this push launch. Precise benefits and the timing of occasions, these as these pertaining to the system-extensive rollout of the new TraceSCAN technological know-how, may possibly vary materially from those people anticipated in the forward-wanting details as a outcome of various elements. Facts about our expectations of foreseeable future effects, effectiveness, achievements, prospective buyers or alternatives or the markets in which we operate is forward-wanting information and facts. Statements that contains ahead-wanting details are not facts but alternatively depict management’s anticipations, estimates and projections about long term events or circumstances. A lot of things could lead to our genuine benefits, degree of action, general performance or achievements or foreseeable future situations or developments to differ materially from these expressed or implied by the forward-on the lookout statements.

See “Forward-Wanting Information” and “Risk Factors” in the Corporation’s Submitting Assertion dated August 28, 2019 for a dialogue of the uncertainties, pitfalls and assumptions associated with these statements. Readers are urged to take into account the uncertainties, dangers and assumptions very carefully in evaluating the forward-seeking details and are cautioned not to spot undue reliance on such info. We have no intention and undertake no obligation to update or revise any forward-searching statements, whether or not as a final result of new data, potential occasions or usually, besides as necessary by applicable securities regulation.

Neither TSX Venture Trade nor its Regulation Providers Service provider (as that term is defined in insurance policies of the TSX Venture Trade) accepts duty for the adequacy or precision of this launch.

Look at source edition on businesswire.com: https://www.businesswire.com/information/home/20201217005430/en/

Source: Facedrive Inc.

Media: Sana Srithas | [email protected]

Sayan Navaratnam

Chief Government Officer and Director

Tel: 1-888-300-2228

COMTEX_376371957/2456/2020-12-17T07:00:35

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The MarketWatch News Section was not included in the development of this information.