Flitways Technology Inc (OTCMKTS:FTWS) reported that the firm has obtained regulatory nod from FINRA for its earlier reported name change to “Flitways Technology Inc.” Following the new name materialized on November 10, company’s common shares commenced trading under the new ticker ‘FTWS’.

The management speaks

Tobi Mac, the Founder, mentioned that with publicly traded firm now carrying the company’s name, they can better build corporate brand and be easily distinguishable in the quickly evolving ground transportation market. Over the coming weeks, they expect this to will allow the company the prospect in launching FlitWays to a larger audience of prospective industry investors and partners.

Prior to this, earlier in November, FlitWays reported plans for its expansion into South America industry. Zacky Hamraz, the Director of Growth, reported that South America is growing considerably as a holiday travel destination, and therefore the company is extremely thrilled to be expanding into several key South American markets. The FlitWays Class vehicles and FlitWays Start are made available for use for tourists traveling to South America. It marks a part of strategic global expansion plan that will persist over the next several months.

FlitWays will be straightaway available in 15 prime South American cities and 10 new nations with more on the way. The company intends to associate with travel agencies, other travel suppliers and corporations operating in South America. Their objective is to make company’s ground transportation accessible to every tourist traveling to South American markets.

The company offers On-Demand and Pre-Booked ground transportation in numerous cities across the globe, including black cars, airport shuttles, rideshares and taxis. Currently servicing more than 400 airports with a fleet of more than 20,000 vehicles, FlitWays can manage all travel ride needs. It offers peace of mind and security for both private and business travelers with secure booking and comprehensive rates.

In last trading session, the stock price of Flitways declined over 36% to close the day at $0.990. The decline came at a share volume of 927,646 compared to average share volume of 751,585.