SFT STOCK NEWS FULL

Such forward looking statements include estimated financial information. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. For more information please visit Forward-Looking Statements Shift provides comprehensive, digital solutions throughout the car ownership lifecycle, enabling customers to purchase a vehicle online or in-person with financing and vehicle protection products, and a vision to provide high-value support services during car ownership. Shift’s mission is to make car purchase and ownership simple - to make buying or selling a used car fun, fair, and accessible to everyone. Shift is a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. We look forward to leveraging the remaining CarLotz assets to build out our omnichannel presence to enable the customer to shop however they prefer.” “As we remain laser-focused on reaching profitability, we felt it was the right decision to focus on geographies where we have the most operating expertise, logistical and brand awareness leverage, and ability to scale. “After thoughtful consideration, we determined it was in the best interest of the company to exit the East Coast CarLotz presence,” said Jeff Clementz, Shift’s CEO.

SFT STOCK NEWS FULL

Customers are able to shop and purchase Shift’s full inventory online, from anywhere in the country, or visit their local Shift to speak to a representative or take a test drive at the store. The remaining legacy CarLotz locations in Pomona, CA, which will serve the greater Los Angeles area, and Downers Grove, IL, which will serve Chicagoland, are being converted to omnichannel Shift locations. In the past few months, Shift has re-introduced in-person selling capabilities at its core West Coast locations. The stores in Midlothian, VA, Charlotte, NC, and Greensboro, NC will be closed, effective today. The store leases, inventory, and related assets in Richmond, VA, Charlottesville, VA, and Tampa, FL, will be assumed by a local dealership group.

in order to focus on building omnichannel capabilities in its other locations and on the Company’s path to profitability. (Nasdaq: SFT), a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, has announced it will be exiting its East Coast stores acquired as a result of its merger with CarLotz, Inc. 02, 2023 (GLOBE NEWSWIRE) - Shift Technologies, Inc.

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