Vancouver, British Columbia, Canada / TheNewswire / August 13, 2018 - ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that their anticipated consumer application for Android is near completion and has entered into internal beta testing.
ParcelPal has accelerated research and development as a precursor for the Company's national rollout plan. ParcelPal's third quarter strategy includes implementing additional revenue generating delivery verticals to the platform, ensuring consumers from any device can access the platform, and executing on geographic expansion opportunities. ParcelPal expects the Android application to go live to the public by the middle of September. The Company's management expects the third quarter to surpass the previous quarter in terms of business development and revenue potential.
During ParcelPal's first year of operations, the Company focused on developing and enriching the user experience and executing on current operations. Building off the Company's successful second quarter, and achieving a major milestone one million deliveries, ParcelPal is now focused on devoting significant resources to enhancing the ParcelPal consumer application and expanding revenue streams through leveraging their technology.
President and CEO Kelly Abbott commented, "We had strong growth in the second quarter of 2018, and we are looking forward to introducing ParcelPal to Android users. Our growth rate has been exceptional, and we will continue to execute on all opportunities that have been presented to us. Continuing to build our brand awareness and demonstrating our ability to execute and expand will continue to be our focus for 2018."
To join the internal beta program, please reach out to firstname.lastname@example.org.
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 - email@example.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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