YayYo, Inc. Appoints Three Seasoned Independent Directors to the Board; President Boyd Bishop to Lead Operations

– Three Proven Operators Bring Extensive Logistics Experience to Board of Directors –

– Current President and Rideshare Industry Veteran Boyd Bishop to Lead Company’s Operations and Strategy as it Enters Next Chapter of Growth –

BEVERLY HILLS, Calif., Jan. 28, 2020 (GLOBE NEWSWIRE) -- YayYo, Inc. (NASDAQ: YAYO) (“YayYo” or the “Company”), a leading provider of vehicles to the rideshare industry through its wholly-owned subsidiary, Rideshare Rentals, has appointed three new independent directors to its board, effective January 24, 2020, and announced that CEO Jonathan Rosen has resigned from his position, effective January 26, 2020. Current President Boyd Bishop will assume responsibility for leading the operations and strategic direction of the Company.

Bishop has been serving as president of YayYo and Rideshare Rentals since his appointment earlier this year. Previously, he was the vice president of business development at Fair.com, an automotive fintech company that is revolutionizing the car-buying experience for the rideshare industry. While in this role, Bishop was responsible for developing and leading Fair.com’s strategic partnerships with Uber, Assurant and Ally, and was instrumental in expanding the company’s user base.

“Boyd is a proven automotive industry executive with a deep understanding of our business and the mobility market we serve,” said Stephen Sanchez, newly-elected chairman of the board. “He has a strong track record of driving growth and establishing meaningful strategic partnerships with the leaders of the rideshare industry. Since taking over Rideshare Rentals’ operations in early January, he has already begun to deploy several initiatives to expand our geographical footprint across the U.S. and rapidly increase vehicle deployment. The board has the utmost confidence that Boyd is best suited to lead Rideshare Rentals into its next phase of growth.”

Bishop commented on his appointment: “In my short time since leading Rideshare Rentals, the opportunity set for this robust platform has become even more apparent. Rideshare Rentals has established a strong foundation from which to build, and our ability to reduce friction for drivers and enable them to more seamlessly access vehicles to serve the mobility industry is a critical need. I look forward to leveraging my extensive network and rideshare experience as we further build our team and capabilities to deliver on our ambitious goals and maximize shareholder value.”