VANCOUVER, British Columbia, March 24, 2022 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that as part of the Company’s broader plan to continue to diversify its customer base and execute on additional profitable business engagements, it has signed an agreement with a new premium seafood client. This new customer currently operates in western Canada and they deliver world class Atlantic seafood right to your doorstep.
This new client thrives on sourcing the highest quality Atlantic seafood from the east coast of Canada and delivering it straight to your home or restaurant. Based in Calgary but with very strong ties to the prominent fishing industry in Newfoundland and Labrador, they are proud to be able to provide the residents of western Canada with the same quality of sustainable seafood available to those out east. You pick your seafood, and they deliver!
ParcelPal will be delivering their products via our scheduled next day delivery service from their facility to their end-customers. CEO Rich Wheeless stated, “Supporting fast growing customers in this space while being able to provide customers with fresh seafood is a service we are proud to provide. We are very excited to be working with this new client and look forward to being able to expand their reach throughout Canada.”
Mr. Wheeless further stated: “While we continue to sign additional new customers and expand with new and existing customers in Canada, we are simultaneously focusing heavily on our further expansion and subsequent growth in the United States as additional new customer and acquisition opportunities have arisen, all in an effort to create additional value for our shareholders.”
The Company looks forward to providing additional material updates as they occur.
About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.
ParcelPal Website: www.parcelpal.com
Neither the Canadian Securities Exchange (“CSE”), the Securities and Exchange Commission nor any other securities regulatory authority has reviewed and do not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.
OTC – Symbol: PTNYF
CSE – Symbol: PKG
FSE – Symbol: PT0
Contact Information
Investor Contact
info@parcelpal.com
T: (587) 883-9811
Company Contact
Rich Wheeless, CEO, CFO, and Director
ParcelPal Logistics Inc.
rich.wheeless@parcelpal.com
T: (614) 395 7778
Forward Looking Information
This news release contains forward looking statements relating to 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 or on time due to, among other things, failure to agree to the terms set forth in the definitive documentation, withdrawal at any time by the target company, failure to receive, be satisfied with or complete delivery of satisfactory due diligence documents and information, failure to receive the approval of the CSE, if and as needed, and the risk that ParcelPal will not be successful due to, among other things, general risks relating to the logistics industry, failure of ParcelPal to gain market acceptance of the transaction, and potential challenges related to expansion into a new country, or with the intellectual property utilized in ParcelPal and its acquisition target(s). 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. The risk of the discontinuation of business by third party customers of the acquired business(es) cannot be guaranteed, and is a business risk that is, in large measure, out of the control of the Company. 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.
