Red Top has signed a purchase agreement with a developer for its properties on Washington Blvd and N. Hudson Street, the Washington Business Journal reported. While that article said Red Top’s future was “unclear” — the reporter was not able to talk to a Red Top rep before publication — Director of Sales and Marketing Von Pelot says the company’s future is secure, even in the age of Uber.

“I was reminded of the words of Mark Twain when his obituary was prematurely published, ‘Reports of my demise are greatly exaggerated,'” Pelot said via email. “Our recent development and introduction of the Red Top Select app which provides our customers with the convenience of booking, tracking, and paying for their ride through their mobile phone, is an example of our continuing commitment to our customers and our community.”