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ParcelPal Technology Inc

Canadian Securities Exchange (CNSX) | Oct 14, 2019, 7:38 PM EDT

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ParcelPal to Appoint Independent Directors Robert Faissal and Alex Nuttall to the Board of Directors

(via TheNewswire)



Vancouver, British Columbia, Canada - TheNewswire - September 5th, 2019 - ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (CNSX:PKG.CN) (FSE:PT0) (OTC:PTNYF) is pleased to propose independent directors Robert Faissal and Alex Nuttall to the Board of Directors to be approved at the upcoming Annual general Meeting.

Mr. Robert G. Faissal is the Managing Partner of Lebita Consulting Services LLC, a Toronto based business development and investment group with emphasis on commercial relationships in North America, the Middle East and Africa. Lebita Consulting focuses on finance, healthcare, tech, real estate and environmental projects. Mr Faissal was the Managing Partner of Richmond Development, an Abu Dhabi based multi-disciplinary global investment group. From 1997 until 2000, Mr. Faissal served as the Managing Director/Middle East & Africa for the Philadelphia based Wharton Econometrics Forecasting Associates (WEFA Group) advising various governments and private sector clients on economics, financial and investment matters in the Middle East and Africa. Mr Faissal serves on the Advisory Board of Dario Health (a NASDAQ company), Vice Chairman of Frankfurt based Pearl Gold and a Director & CFO at Cherry Street Capital.

He holds a Master of Arts degree in Economics & International Finance from McMaster University in Canada and an undergraduate Honors Degree in Economics from the University of Western Ontario.

Alex Nuttall was born in 1985 in Liverpool, England. Shortly thereafter, his family immigrated to Canada in 1989, where he has since resided. On November 13th, 2006, he was elected to Barrie City Council, where he represented Barrie's Ward 10 for 8 years. In the private sector, Alex worked in the financial services industry in Barrie from 2009 to 2015, in both the Bank and Credit Union space.

On October 19th 2015, Mr. Nuttall was elected to represent Barrie-Springwater-Oro-Medonte in the House of Commons as their Member of Parliament. On November 20, 2015, he was appointed as the Official Opposition Critic for Economic Development for Southern Ontario, and the following year Alex also proudly accepted the role of Official Opposition Critic for the new Sharing Economy, as well as Deputy Critic for Innovation, Science and Economic Development. On August 30, 2017, he was named Official Opposition Shadow Minister for Youth, Sports, and Persons with Disabilities. In January of 2019, Alex was promoted to Shadow Minister for Internal Trade, a key governmental economic portfolio.

President and CEO Kelly Abbott States, "We look forward to welcoming Mr. Nuttall and Mr. Faissal to our board as independent directors. Mr. Faissal and Mr. Nuttall are extremely familiar with ParcelPal's business and our plans for future expansion. With their extensive backgrounds in finance, regulatory environments and business leadership, they will be valuable members moving forward. Their insights from leading complex and multinational businesses will add great value to the ParcelPal Board of Directors."

Shareholders will be asked to vote in favor of appointing Mr. Faissal and Mr. Nuttall.

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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