LMP Automotive Holdings, Inc. Announces an Addition to it is Senior Management Group

FORT LAUDERDALE, FL , July 16, 2021 (Globe NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, right now announced its addition of James Serenius as Senior Corporate Controller.

James Serenius, a senior government in accounting and finance with about 30 many years of expertise in community and private accounting has been employed as Senior Company Controller of LMP. Mr. Serenius will be accountable for directing and coordinating all company accounting functions functions and running the accumulation and consolidation of all economical details essential for reporting correct and timely business enterprise and money final results. Prior to signing up for the Organization, Mr. Serenius invested the final twelve a long time furnishing accounting and finance expert services supporting customers in the automotive, television broadcast, insurance policies, and distribution industries. Mr. Serenius is a Licensed General public Accountant and Attorney, earning his Bachelor of Science diploma in Accounting from the University of North Carolina Charlotte, his Master of Business enterprise Administration in Finance and Juris Doctorate from Michigan State College. In his early profession Mr. Serenius labored for Deloitte & Touche, The Equitable (now AXA), Kmart, and Tyco Intercontinental.

Robert Bellaflores, the Company’s Chief Economical Officer commented, “It has been a satisfaction performing with Jim for the previous a number of months and I am enthusiastic he is joining the LMP crew. Jim’s knowledge and practical experience is welcomed as we keep on to encourage and recruit gifted people like Jim, within our firm as properly as externally, in these document environment situations, when maintaining operational excellence and spectacular earnings expansion.”

Mr. Serenius will believe the part of Senior Company Controller successful July 19, 2021 and report specifically to Mr. Bellaflores.

ABOUT LMP AUTOMOTIVE HOLDINGS, INC.

LMP Automotive Holdings, Inc. (NASDAQ: LMPX) is a progress organization with a extensive-expression strategy to profitably consolidate and partner with automotive dealership groups in the United States. We offer you a huge array of solutions and expert services fulfilling the whole car ownership lifecycle, together with new and applied automobiles, finance and insurance policies products and automotive maintenance and upkeep.

Our proprietary e-commerce technology and approach are intended to disrupt the sector by leveraging our professional groups, increasing variety of owned inventories and actual physical logistics network. We find to deliver clients with a seamless working experience equally on the internet and in individual. Our physical logistics community enables us to deliver easy totally free shipping and delivery factors for buyers and offer products and services all through the full ownership lifetime cycle. We use digital systems to reduced our purchaser acquisition costs, realize operational efficiencies and crank out added revenues. Our distinctive expansion product generates major cash flows, which cash our innovation and expansion into new geographical markets, alongside with strategically creating out dealership networks, creating particular transportation methods that shoppers wish.

Forward-On the lookout STATEMENTS:
This push release may well incorporate “forward-wanting statements” within the indicating of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, each as amended. These kinds of statements contain, but are not constrained to, any statements relating to our anticipations, beliefs, projections, upcoming plans and strategies, predicted gatherings or traits and equivalent matters that are not historical details. These statements may perhaps be preceded by, followed by or include the words and phrases “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “can,” “could,” “may,” “should,” “would,” will,” the negatives thereof and other words and phrases and terms of related meanings. Ahead-on the lookout statements are based on management’s current expectations and are subject matter to dangers and uncertainties that could negatively affect our enterprise, functioning final results, money issue and stock worth. Aspects that could bring about true outcomes to vary materially from those currently predicted consist of: our dependence on external resources for the funding of our functions our potential to effectively government our enterprise approach our means to keep and mature our popularity and to obtain and maintain the sector acceptance of our providers and platform our capability to take care of the advancement of our operations more than time our ability to preserve ample protection of our mental residence and to prevent violation of the intellectual house rights of many others our potential to sustain interactions with current clients and automobile suppliers, and produce interactions and our capability to contend and triumph in a very competitive and evolving field as nicely as other risks explained in our SEC filings. There is no assurance that any ahead-searching statements will materialize. You are cautioned not to place undue reliance on forward-seeking statements, which reflect anticipations only as of this date. We expressly disclaim any obligation or undertaking to launch publicly any updates or revisions to any ahead-searching statements contained herein to reflect any transform in our anticipations or any modifications in activities, circumstances or circumstances on which any such assertion is dependent, other than as expected by legislation.

Speak to: Investor Relations: LMP Automotive Holdings, Inc. 500 East Broward Boulevard, Suite 1900 Fort Lauderdale, FL 33394 [email protected] For much more information check out: lmpmotors.com