ParcelPal (OTC: $PTNYF) (CSE: $PKG.CN) (FSE: $PT0) Expands Restaurant Offerings on Platform
Vancouver, British Columbia - November 17, 2017 (Investorideas.com Newswire) ParcelPal Technology Inc. (OTC: PTNYF) (CSE: PKG.CN) (FSE:PT0) ("ParcelPal" or the "Company) the Vancouver based on demand delivery company is pleased to announce they have further expanded the amount of restaurant offerings in downtown Vancouver by adding another 50 restaurants to their platform.
To offer users more choice, beginning Wednesday, November 16th, customers will be able to order from these new restaurants via the ParcelPal application. The ParcelPal iOS application currently handles all aspects of food delivery by bringing restaurants, customers and drivers together on one single platform.
The addition of these 50 restaurants brings the total restaurant amount to over 100 in Vancouver's downtown core. With the announcement of the restaurant expansion, ParcelPal has expanded their hours to 11:00am-11:00pm during weekends and 11:00am-7:00pm during weekdays, 7 days a week to accommodate delivery volume.
President and CEO Kelly Abbott states, "This addition of 50 new restaurants further shows our commitment to our customers to offer them the great tastes that Vancouver gastronomy has to offer. Today's customers want to enjoy the food they crave, from the brands they love, in the most convenient way possible in their home or at work. We are delivering on the promise of offering the city's best restaurants to customers and we are very excited to add more great restaurants to the platform in the coming months. In addition we are anticipating expanding our operating zones to Kitsalano, East Vancouver and Mt Pleasant."
Abbott continued, "The US market for online food delivery is estimated at nearly 70 billion annually, which translate to a Canadian market worth upwards of $6-7 Billion. ParcelPal is positioned to capture an increasing portion of this market and more, with new city launches and continuing investment into new delivery verticals. Much of the ground work has been completed for alcohol delivery, we are very excited to get started on this vertical."
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
Shares issued and outstanding: 29,514,058
Kelly Abbott, President & CEO, 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.
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