PUBLIC NOTICE OF INTELLECTUAL PROPERTY SALE: Kyte Systems Inc.

SALE OF INTELLECTUAL PROPERTY – KYTE SYSTEMS INC.

On July 23, 2025, Kyte Systems Inc. (“Kyte” or “Assignor”) executed a General Assignment for the Benefit of Creditors in favor of Kyte ABC, LLC (the “Assignee”). The Assignee is now soliciting offers for the sale of Kyte’s intellectual property and brand-related assets including, but not limited to:

• Registered Kyte® trademarks
• Fully developed code base repository, APIs, and scalable digital infrastructure
• Amazon Web Services environment and third-party integrations
• Portfolio of 31 domain names, including kyte.com (acquired in 2021 for $550,000)
• Customer list of over 1.8 million reachable users (4.3 million marketing emails sent YTD 2025)
• Social media accounts, including:
  • Instagram: @kyte (11,000 followers)
  • X/Twitter: @drivekyte (1,000 followers)
  • TikTok: @drivekyte

Kyte Background
Kyte was a venture-backed, app-based car rental service that raised over $100 million in funding since 2019. The company provided door-to-door vehicle delivery in 14 U.S. cities to over 500,000 customers. Kyte built its technology stack entirely in-house, focusing on modularity and global scalability, enabling seamless logistics, fleet operations, and user engagement. At its peak, Kyte generated approximately $30 million in annual revenue and maintained consistent double-digit growth.

Over $22 million has been invested in Kyte’s marketing, customer acquisition and brand building and over $30 million was spent on program development.

Sale Process and Bid Deadline
The Assignee is marketing the assets for sale in whole, or in part. All interested parties must execute a confidentiality agreement prior to receiving access to the data room and further diligence materials.

DEADLINE FOR BEST AND FINAL OFFERS:
5:00 p.m. PT on August 8, 2025

Please direct all inquiries exclusively to the following professionals:

Development Specialists, Inc. (DSI)
Matthew P. Sorenson
Senior Managing Director
Phone: (213) 617-2717
Email: [email protected]

Development Specialists, Inc. (DSI)
Jack O’Brien
Associate
Phone: (872) 264-7138
Email: [email protected]

About DSI Assignments:
DSI Assignments specializes in providing experienced assignees to help businesses navigate financial distress. Operating within state laws, our team ensures transparent communication with creditors, manages stakeholder expectations, and negotiates with lenders and investors toward the maximal outcome. Led by Steven L. Victor and Matthew P. Sorenson, recognized experts in restructuring, bankruptcy, and assignments for the benefit of creditors (ABCs), DSI tailors each engagement to the unique needs of the business. ABCs offer an efficient alternative to bankruptcy, and our professionals are dedicated to maximizing value and creditor recoveries for stakeholders, including secured lenders, private equity and venture capital firms, principal of the distressed business, and boards of directors.