ParcelPal (OTC: $PTNYF)
(CSE: $PKG.C) On-Demand Delivery Taps Smart Phone Boom; @ParcelPals
Local delivery in Canada is a $1.8B market per year
eCommerce sales expected to reach $50B by 2019 in
Canada
42% of eCommerce purchases in Canada is clothing
and apparel
Local food delivery annual revenue in Canada is
$16B and over $70B in the USA
Vancouver, British Columbia, Canada - May 30, 2017
(Investorideas.com Newswire) ParcelPal Technology Inc. (OTC: PTNYF) (CSE:
PKG.CN) (FSE:PT0), a technology driven logistics company
that offers on-demand delivery of merchandise from leading retailers,
restaurants, medical marijuana dispensaries and liquor stores announced in late
April the final stages of development of their anticipated consumer application
which is set for beta testing in the coming weeks.
ParcelPal is aiming into an additional market by
focusing on the $60 billion dollar consumer dining in North America. Select
beta test users will be able to order from their favorite restaurants through
ParcelPal and have the food delivered to their doorsteps within an hour with a
tap of the app.
This is the first phase of the application and will
consist of launching with restaurants in the Vancouver area and move into other
areas of retail goods In future versions. The app is set to become a full
marketplace where consumers can order ‘virtually anything' and have it
delivered to them in an hour or less. In anticipation of the launch, ParcelPal
is expecting to have more than 100 restaurants available for consumers to
select and order from.
President Kelly Abbott states, "With the
penetration of smartphones, the world has changed, as has the ability to
purchase through a mobile device. We are more than pleased to offer and
introduce this groundbreaking mobile technology to Vancouver. The ParcelPal
team has brought our vision of creating a consumer app that is truly needed,
this is the first step of many for our team creating innovative technology.
Along with the new ParcelPal application, we'll continue to explore and push
the boundaries of eCommerce and logistics within local markets."
ParcelPal officially launched in June, 2016 with
their B2B delivery platform and has enjoyed organic growth throughout
Vancouver.
How it Works
Through
the ParcelPal iOS app, customers enter their address and view a list of
merchants available in their neighborhood. Once the customer makes a selection,
they simply place the order and pay online through ParcelPal secure ordering
platform. The order is then prepared by the restaurant and brought directly to
customers by a ParcelPal driver anywhere they choose to be in Vancouver.
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.
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
Shares issued and outstanding: 29,514,058
Contact: Kelly Abbott, President, ParcelPal
Technology, Inc. – 604-401-8700
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.
ParcelPal
Technology Inc. (CSE: PKG) is a Featured
tech, cannabis, food and beverage company on Investorideas.com
ParcelPal Technology Inc. (CSE: PKG) is a featured company on the 420 Cannabis Investor
Ideas Directory 420cannabisinvestorideas.com
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