Tickers: XCNQ:PKG, PINX:PTNYF
Tags: Technology, Transportation
Vancouver, British Columbia, Canada / TheNewswire / July 17, 2018 - ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that they have achieved a major milestone of delivering over one million packages to customers in the Vancouver and lower mainland area.
This milestone coming just after a year ParcelPal was launched, provides further validation that ParcelPal's technology is revolutionizing the on-demand delivery space as consumers and merchants are turning to the company to make this process both simple and efficient. ParcelPal's go forward plan includes pushing the ParcelPal platform on multiple on multiple consumer verticals in addition to expanding their reach across Canada.
Building off a very successful first quarter, the second quarter of 2018 was ParcelPal's most successful quarter to date in terms of customer acquisition, delivery success, and revenue growth. The management team is expecting the third quarter to surpass second quarter results and for growth to continue through the year. Along with delivering over one million packages, ParcelPal has attained several thousand customers, added multiple businesses and verticals, and directed significant resources to further develop the ParcelPal platform. Users can expect additional businesses, verticals and areas of operations in the coming months.
President and CEO Kelly Abbott commented, "We are extremely excited to have achieved this major milestone in such a short period of time. Our growth over the past year has been tremendous and we're looking forward to taking advantage of the opportunities that have presented themselves for the remaining part of the year. I would especially like to thank my team for all of the hard work and dedication to achieve this goal."
About ParcelPal Technology Inc.
ParcelPal is a technology driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Website: www.parcelpal.com
The Canadian Securities Exchange ("CSE") or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.
CSE - Symbol: PKG
FSE - Symbol: PT0
OTC - Symbol: PTNYF
Contact: Peter Hinam, Investor Relations - peter@parcelpal.com
Forward Looking Information
This news release contains forward looking statements relating to the Proposed Transaction, and the future potential of ParcelPal. Forward looking statements are often identified by terms such as "will", "may", "should", "intends", "anticipates", "expects", "plans" and similar expressions. All statements other than statements of historical fact, included in this release are forward looking statements that involve risks and uncertainties. These risks and uncertainties include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the CSE and the risk that ParcelPal will not be successful due to, among other things, general risks relating to the mobile application industry, failure of ParcelPal to gain market acceptance and potential challenges to the intellectual property utilized in ParcelPal. There can be no assurance that any forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place undue reliance on any forward looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking statements contained in this news release are expressly qualified by this cautionary statement. The forward looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward looking statements as expressly required by Canadian securities laws.
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