tim santos. john bisteros. >> good afternoon, mr. is on thas. >> hi, thank you for having me my name is tim santos with the company taxi magic. we are the no. 1 electronic hailing system for taxis in the united states. we work with about 100 plus fleets in about 100 plus cities in the country. working with hundreds of thousands of drivers and millions of consumers all over the country, in san francisco, we work with luxor cab since 2008. for more than four years, our year over year ride brother and growth and this is about data continues to double, but each year our demand has vastly exceeded our supply and what we have realized is that here in san francisco, technology like ours can't solve all of the problems. accordingly san francisco has the highest no-show and cancellations. san francisco is widely known as the most difficult city to get a taxi. as demand for taxis in san francisco has exceeded supply, you are seeing new, unregulated tanki transportation and tech companies enter the market, who are preying opinion the well-known