VANCOUVER, British Columbia, November 1, 2018 /PRNewswire/ --
ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (CSE: PKG) (FSE: PT0) (OTC: PTNYF) is pleased to announce that it has expanded their relationship and operations with Amazon.com by commencing operations in the state of Washington and will begin delivering for Amazon imminently.
The initial delivery service will be offered in Everett, Washington with the plan for greater expansion into the USA. The Company has secured an operating location and is currently hiring and on-boarding key staff members for the launch. ParcelPal will operate under similar terms within the agreement in the United States as currently held in Vancouver, B.C.
Geographic Footprint of ParcelPal
With the expansion into the United States, ParcelPal's delivery capabilities include:
- Delivery service in 3 major Western Canadian markets (Vancouver, Calgary and Saskatoon).
- Delivery service strategically located in the city of Everett, in close proximity to Seattle, Redmond and Tacoma, which all exhibit future west coast expansion opportunities.
- The deliverable market consists of a total residential population of over 4.2 million.
- Maintaining a 99%+ delivery success rate, maintaining in Gold status with Amazon as a top fulfillment provider.
President and CEO Kelly Abbott states, "Everett provides an excellent launching point for expansion into the United States. This expansion into Everett shows our continued growth within the Amazon ecosystem and their approval of our performance to date. As the company continues to expand across Canada, we will also seek to expand our presence in parallel within the United States."
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.
Peter Hinam, Director