WarpSpeed Taxi Inc. announced the signing of a licensing agreement to establish the initial U.S. footprint for WarpSpeed Taxi. The Company has signed an Agreement with a U.S.-based joint venture partner to launch ride-hailing and delivery operations in the United States using the Company's feature-rich, white-label software platform. The US Partner has agreed to contribute $1 million in stages by December 31, 2022 in order to drive the launch of operations in return for access to the WarpSpeed Taxi platform and 50% ownership of the venture.

In addition to its 50% equity interest in U.S. operations, the Company will receive 2.5% of all gross revenues as a licensing fee as well as an additional monthly backend management fee equal to $5,000 or 2.5% of sales, whichever is greater. The initial launch is planned for October 2022 in Nevada with expansion into additional states by December.