1. Mitch Fadel joins DriveItAway's Board of Advisors, enhancing leadership. 2. Fadel's experience includes significant growth in lease-to-own markets. 3. DriveItAway aims to increase vehicle access to underserved markets. 4. Partnership with Free2move will support rapid expansion for DriveItAway. 5. Fadel targets a future Nasdaq uplisting for DriveItAway's growth.
The addition of an accomplished executive like Fadel could drive future growth, as seen with other companies that strengthened their leadership. Historical precedents show that strategic hires often lead to positive market reception and stock price increases.
Fadel's extensive experience in the lease-to-own market could significantly benefit DriveItAway's positioning, indicating a high likelihood of market impact. His previous successes suggest that he can drive strategic growth at DriveItAway.
The strategic direction and leadership changes will take time to manifest into tangible results. Industry comparables indicate that transformative impacts following leadership changes can take several quarters to be fully realized.
Philadelphia, PA, Sept. 25, 2025 (GLOBE NEWSWIRE) -- DriveItAway Holdings, Inc. (OTC Marketplace: DWAY) ("DriveItAway" or the "Company"), a leader in digital mobility and flexible vehicle lease-to-own platforms, today announced that Mitch Fadel, former CEO of Upbound Group (NASDAQ: UPBD) and Rent-A-Center, has joined its Board of Advisors.
Fadel is one of the most accomplished executives in the lease-to-own sector:
"Few executives have more experience serving the subprime alternative credit market—and scaling companies profitably—than Mitch," said John F. Possumato, Founder & CEO of DriveItAway Holdings. "With his counsel, DriveItAway is uniquely positioned to transform automotive retail, making affordable, flexible vehicle access a reality for millions traditionally shut out of ownership."
Fadel added: "In my career at Upbound Group, Rent-A-Center, and EZ Pawn, I've seen firsthand the enormous demand for accessibility in underserved markets. Personal transportation is the next frontier. I'm excited to help DriveItAway capture this opportunity and build toward a future Nasdaq uplisting."
This appointment follows DriveItAway's recently announced national partnership with Free2move, Stellantis' global mobility brand, integrating flexible lease-to-own technology with OEM-backed vehicle supply—creating a powerful platform for rapid expansion.
About DriveItAway Holdings, Inc.
DriveItAway Holdings, Inc. is the first national dealer-focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its exclusive "lease-to-own" app-based subscription. DriveItAway provides a comprehensive, turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities, to gain sales and market share.
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John F. Possumato DriveItAway Holdings, Inc. john@driveitaway.com
