Canada's First Eco-Friendly Rideshare Service Launches in the Nation's Capital on Canada Day

OTTAWA, July 1, 2020 /CNW/ - Facedrive Inc. ("Facedrive") (TSXV: FD) is proud to announce it is launching its ridesharing services in the nation's capital this Canada Day. Facedrive is Canada's first peer-to-peer, eco-friendly and socially responsible ridesharing network. Tomorrow's launch means that, for the first time, green and socially responsible consumers in Ottawa will have access to a ridesharing platform that is 100% Canadian and puts people and the planet first.

Launching in the nation's capital on July 1st is fitting for a Canadian-owned company that aligns so closely with Canadian values. Canadian consumers are looking for a ridesharing platform that will enable them to get to where they need to be safely, reliably and sustainably, all while being committed to rider experience. Focusing on the rider experience means making safety a priority and limiting fare increases. Unlike other ridesharing platforms, Facedrive does not use surge pricing.

Sustainability means becoming the first Canadian ridesharing company to offer carbon neutral rides. A portion of every rider's fare will be contributed to carbon offset initiatives, through partnerships with organizations like Forest Ontario. Riders will also be able to choose between electric, hybrid or gas-powered vehicles when ordering a trip through the platform.

"We are delighted to be launching Facedrive in the National Capital Region on Canada Day," said Suman Pushparajah, Chief Operating Officer of Facedrive. "Bringing our ESG (environmental, social and governance) strategy to life in the city will provide Ottawans with a sustainable alternative, and we're excited to get started," added Pushparajah.

Putting people first means offering more to the people who make it possible: the drivers. For every trip, Facedrive drivers earn up to 90% of the trip fare based on their vehicle type – and 100% of tips. Training for drivers goes beyond normal safety precautions, including COVID-19 prevention and response measures. Facedrive's multi-step driver onboarding process ensures proper training and protection for both drivers and riders.

As businesses reopen and people return to work, Facedrive is committed to working closely with the City of Ottawa and the local authorities to support the city's needs for transportation solutions during the COVID-19 pandemic.

Facedrive's expansion to Ottawa is in line with national and global expansion plans. It is currently servicing in Toronto, London, Hamilton, Kitchener-Waterloo, Cambridge, Orillia, and Guelph.

About Facedrive

Facedrive is a multi-faceted "people-and-planet first" platform offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. Facedrive rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless deliveries of healthy foods right to consumers' doorsteps. Facedrive Health develops innovative technological solutions to the most acute health challenges of the day. Facedrive is changing the ridesharing, food delivery, e-commerce and health tech narratives for the better, for everyone.

For more information on Facedrive, visit www.facedrive.com.
Follow Facedrive on Twitter, Facebook and Instagram.

About the City of Ottawa

As the capital of Canada, the City of Ottawa is home to more than one million people and is the fourth largest municipality in the country. Ottawa is internationally renowned to live and to do business in; the many awards received are a testament to that. Furthermore, Ottawa has been rated the most business-friendly environment and the third best city for Foreign Direct Investment (FDI) out of 77 mid-sized cities in the Western Hemisphere. With a vibrant technology sector, Ottawa is a great place to live, work and play.

For more information about Ottawa, please visit www.ottawa.ca.

Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in Facedrive's Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Facedrive Inc.

Chloe Hutchison, Hill+Knowlton Strategies, [email protected], M: [phone]