VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the "Company" or "ParcelPal"), (OTC:PTNYF) (CSE:PKG) (FSE:PT0A) is pleased to announce that it recorded its highest January gross revenue month in the history of the Company. This follows the trend from 2022 of improved margins, continued revenue growth and expansion successes. The Company recorded approximately $1.2M CAD in gross revenue, which is over 10% higher than January 2022, which was the then highest January revenue month.
CEO Rich Wheeless stated, "We have continued to focus on higher margins, cutting inefficiencies and we have benefitted from economies of scale. Despite the headwinds in the global markets, we continue to be able to show positive momentum and achieve our milestones that we previously laid out. I look forward to the Company continuing to sign more profitable contracts, moving into new industries and markets, and improving its financial performance further still."
The Company looks forward to providing additional material updates in the coming days and weeks.
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, as well as in the western region of the United States. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.
ParcelPal Website:
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: PT0A
Contact Information
Investor Contact
investors@parcelpal.com
T: (587) 883-9811
Company Contact
Rick Underhill, Director of Investor Relations
ParcelPal Logistics Inc.
investors@parcelpal.com
T: (587) 883-9811
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.
温哥华,不列颠哥伦比亚省,2023年2月15日(Global Newswire)-ParcelPal物流公司(The Company或“ParcelPal”),(场外交易代码:PTNYF)(CSE:PKG)(证券交易所代码:PT0A)高兴地宣布,该公司1月份毛收入创下公司历史上最高纪录。这遵循了2022年以来利润率提高、收入持续增长和扩张成功的趋势。该公司录得约120万加元的毛收入,比2022年1月高出10%以上,2022年1月是当时收入最高的一个月。
首席执行官里奇·惠莱斯表示:“我们继续专注于提高利润率,减少低效率,我们从规模经济中受益。尽管全球市场面临逆风,但我们仍然能够显示出积极的势头,实现我们之前制定的里程碑。我期待公司继续签署更有利可图的合同,进入新的行业和市场,并进一步改善其财务业绩。”
该公司期待在未来几天和几周内提供更多的最新材料。
关于ParcelPal物流公司
ParcelPal是一家总部位于不列颠哥伦比亚省温哥华的公司,专门从事最后一英里的送货服务和物流解决方案。我们是一家以客户为导向的快递和物流公司,通过我们在加拿大主要城市(包括温哥华、卡尔加里和多伦多)以及美国西部地区的快递网络连接人们和企业。我们的一些垂直领域包括药房和健康、餐包递送、零售、食品杂货等。
ParcelPal网站:
加拿大证券交易所(“CSE”)、美国证券交易委员会或任何其他证券监管机构都没有对管理层准备的本新闻稿的充分性或准确性进行审查,也不承担任何责任。
场外交易符号:PTNYF
CSE-符号:PKG
FSE-符号:PT0A
联系信息
投资者联系方式
邮箱:Investors@parcelpal.com
电话:(587)883-9811
公司联系人
董事投资者关系部里克·昂德希尔
ParcelPal物流公司。
邮箱:Investors@parcelpal.com
电话:(587)883-9811
前瞻性信息
本新闻稿包含与ParcelPal未来潜力有关的前瞻性陈述。前瞻性陈述通常使用诸如“将”、“可能”、“应该”、“打算”、“预期”、“预期”、“计划”等术语以及类似的表述。本新闻稿中除历史事实陈述外的所有陈述均为前瞻性陈述,涉及风险和不确定因素。这些风险和不确定性包括但不限于,由于未能同意最终文件中规定的条款、目标公司随时撤回、未能收到、满意或完全交付令人满意的尽职调查文件和信息、未能在必要时获得CSE批准、以及ParcelPal由于与物流业有关的一般风险、ParcelPal未能获得市场对交易的接受、以及与向新国家扩张相关的潜在挑战等原因,拟议交易将无法或按时完成的风险。或ParcelPal使用的知识产权及其收购目标。不能保证任何前瞻性陈述将被证明是准确的,实际结果和未来事件可能与此类陈述中预期的大不相同。
公司不能保证任何前瞻性陈述都会成为现实,并告诫读者不要过度依赖任何前瞻性信息。被收购业务的第三方客户终止业务的风险不能得到保证,这在很大程度上是本公司无法控制的业务风险。这些信息虽然在准备时被管理层认为是合理的,但可能被证明是不正确的,实际结果可能与预期的大不相同。本新闻稿中包含的前瞻性陈述明确地受到本警示性声明的限制。本新闻稿中包含的前瞻性陈述是截至本新闻稿发布之日作出的,公司只会根据加拿大证券法的明确要求,公开更新或修改任何包含的前瞻性陈述。