VANCOUVER, British Columbia, January 9, 2019 /PRNewswire/ —
ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG) (PT0.F) (PTNYF) – President and CEO Kelly Abbott gives a corporate update.
Dear fellow shareholders,
Happy New Year to you all. As I reflect on the past year, I am thrilled with how far we have come in such a short period of time. I would personally like to take this opportunity to thank all of our shareholders, partners, customers and other stakeholders for all of their support. We have had a very successful 2018 and I am extremely optimistic about ParcelPal exceeding our growth trajectory for 2019.
Report: Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market
2018 was a year of establishing ParcelPal and expanding our footprint in Canada and the US. We had an exceptional year for 2018 and grew the business significantly and we are particularly pleased with Q4. Here are some of the significant accomplishments achieved over the last year:
-Signed Amazon.com Inc. contract for Vancouver, British Columbia and Everett, Washington and expanded our regions within the current cities significantly.
-Achieved and maintained Gold status as a fulfillment provider for Amazon.com
-Partnered with and invested in TokeIt (Centreel Systems) for distribution of Cannabis.
-Delivered over 1,500,000 packages.
-Launched beta and full version of the ParcelPal Android App.
-Entered the cannabis space with a contract for distribution with Choom (CSE:CHOO, OTC: CHOOF).
-Became the first on-demand delivery provider for Cannabis in Canada.
-Launched operations in two new Canadian Western cities: Saskatoon and Calgary.
-Improved our balance sheet significantly, whereby we ended the year with over $2 million in net working capital. This will allow for an 18 months expansionary run rate without the need to raise further capital.
-Improved our board & management team by the addition of: Cody Halovich, Devon Brown, Vikas Ranjan, Alain —Duperes and Steve Winter.
-Closed 2018 year with a run rate of over 3.5 million.
We are continuously executing on our strategic plan, attracting potential partnerships, and looking at further city expansions. The opportunities are endless for evolution and revenue diversification within the on-demand delivery industry. We have been reinvesting into our technology platform and have begun to scale our service across Canada and now into the United States.
Looking into 2019, we will focus on achieving the following:
-Continued expansion into larger tier one and tier two Canadian and United States Cities such as: Toronto, Winnipeg, –Regina, Edmonton, St. Johns, Spokane, Tacoma, Seattle, etc.
-Expand further into our geographical locations where we currently operate such as: Surrey, Langley, Lethbridge, etc.
-Expanding our revenue diversification through large eCommerce contracts, cannabis delivery and potential acquisitions.
-Continue our expansion into the Amazon ecosystem throughout Canada and the United States.
-Execute on-demand delivery of Cannabis across Canada.
-Integrate artificial intelligence and prediction algorithms into our platform to maximize revenue potential and streamline services.
-Add new verticals into our platform to further penetrate current and potential markets.
-Increase our run rate to over 12 million+ by the end of 2019.
-Improve overall margin by becoming a procurement & distribution partner to many of our exiting partners.
On behalf of the Board of Directors, the leadership team, the wider organization and myself, thank you for your continued support as we continue to elevate ParcelPal through the year ahead.
President and CEO,
ParcelPal Technology Inc.
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: http://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
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.
Contact: Peter Hinam, Investor Relations – firstname.lastname@example.org
An Affiliate of JSG Communications, MIDAM VENTURES LLC has been compensated $75,000 per month for 3 months by ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Click Here For Full Disclaimer
Will Stock Prices Head Higher On Thursday?
US stocks were mixed on Thursday. As most investors head into a long holiday weekend, there are several things helping to drive stock prices higher on Thursday.
IPOs Boost Market Sentiment
On April 18 the stock market saw two big IPOs. Both Zoom Video (ZM) and Pinterest (PINS) made their public debuts. For the most part, investors remained skiddish about the latest series of IPOs. What was the reason? A few weeks ago the market witnessed the much anticipated Lyft (LYFT) IPO that has ended is disaster.
The day that Lyft went public, share prices briefly hit highs of $88.60 before closing the day in the red. This trend hasn’t stopped since then. Current stock prices show the company’s shares trading around $55. This abysmal figure is a far cry from even its IPO price of $72.
Needless to say, both Pinterest and Zoom have remained relatively flat. Zoom shares traded in a range of $$60.32 to $66. Pinterest saw a trading channel of $23.05 to $24.99.
Micro-Cap Stocks Rally Back
During the early morning session, the Russell Microcap Index saw a sharp drop to lows of $578.33. But since then, the index has continued to rally higher, nearly surpassing its opening price as of 12:30 PM. What is a microcap stock? These stocks represent companies with a market capitalization of $50 million to $300 million. Traditionally, investors will see plenty of penny stocks on the list.
The higher volatility attracts investors to these equities. This morning, the stock price for a few microcap companies ended up skyrocketing on heavy volume. Among the list of penny stocks, Amyris Inc. (AMRS), Mustang Bio (MBIO), Precipio Inc. (PRPO) and Uxin Limited (UXIN) hit scanners for volume and price movement.
With the short week, it’s likely that the markets could slow down during the afternoon session. Looking ahead to next week, investors will be watching for several key figures notwithstanding the growing list of companies reporting earnings.
Liberty Defense MOU Strategy includes Vancouver Arena Limited Partnership
Vancouver, British Columbia–(Newsfile Corp. – April 15, 2019) – Liberty Defense Holdings, Ltd. (TSXV: SCAN) (“Liberty“) provides a corporate update on its Memorandum of Understanding (“MOU”) Strategy which includes a signed MOU with Vancouver Arena Limited Partnership to beta test HEXWAVE.
Bill Riker, CEO of Liberty Defense, commented, “Liberty’s MOU Strategy and potential partners, which includes Vancouver Arena Limited Partnership, will be a key element to the Company’s success not only in distinguishing ourselves from other the competition but also providing the Company with valuable feedback in testing HEXWAVE in live indoor and outdoor environments. In the coming months, we expect to be able to announce a number of key partnerships through our MOU program that will not only help validate the opportunities for this type of technology but also show the depth and reach of the Company and its Advisors.”
The proposed testing with Vancouver Arena Limited Partnership will occur at a site to be determined within or near Rogers Arena in Vancouver, BC. Rogers Arena is one of the premier sports and entertainment facilities in North America and has hosted over 25 million fans with a proud legacy of success. Events include NHL hockey games and most of the largest concerts and shows in the city. It was also the site where the Canadian women’s and men’s hockey teams won gold medals during the Vancouver 2010 Olympic Winter Games.
“We are committed to our customer safety and looking for ways to improve their experiences while visiting Rogers Arena,” said Jim Day, Rogers Arena’s Director of Event Operations and Security. “This includes exploring how using cutting edge technologies can help keep our fans and visitors safe. We look forward to evaluating the capabilities of the HEXWAVE product.”
“Stadiums welcome thousands of visitors daily – including children and families. These are public spaces that face a security challenge with high volumes of foot traffic and multiple entry points,” said Riker. “By providing a security solution that is modular, scalable and capable of providing layered detection of potential threats, we believe that we can make these spaces safer for customers and employees.”
The Vancouver Arena Limited Partnership MOU was signed in November, 2018.
On Behalf of Liberty Defense
CEO & Director
About Liberty Defense
Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that
About Vancouver Arena Limited Partnership
Vancouver Arena Limited Partnership has owned and operated Rogers Arena since 2004. To learn more visit www.rogersarena . ca
For further information contact:
LIBERTY INVESTOR RELATIONS:
FORWARD LOOKING STATEMENTS
When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, information relating to the expectation of future MOUs and validation of technology. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: (a) there is no assurance that Liberty will obtain further MOUs. These fluctuations may adversely affect the price of the Liberty’s securities, regardless of its operating performance. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
All amounts referred to herein are in Canadian dollars unless otherwise indicated.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Stock Price Thursday Morning Update – April 11, 2019
ParcelPal to Launch Cannabis Delivery on April 15th
VANCOUVER, BC / ACCESSWIRE / April 11,
Premier Health Announces International Medical Cannabis Expansion Strategy
VANCOUVER, British Columbia, April 11, 2019 (GLOBE NEWSWIRE) — Premier Health Group Inc. (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), a Company focused on developing innovative approaches that combine human skill based expertise with emerging technologies for the healthcare industry, is pleased to announce the launch of an international expansion strategy to broaden its reach through its medical cannabis initiatives. See What Dr. Essam Hamza, CEO of Premier Health, said about this latest milestone; Click Here.
Retaining Net Neutrality
Since the dawning of the internet, the world has become far more connected than ever imaginable. If a New Yorker wants to connect with their distant cousin in Azerbaijan, they need only have an internet connection and, within seconds, the two family members are speaking to one another with seamless efficacy. So what does net neutrality have to do with anything?! Click Here For Some Enlightenment
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