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.
溫哥華,不列顛哥倫比亞省,2023年2月15日(Global Newswire)-ParcelPal物流公司(The Company或“ParcelPal”),(場外交易代碼:PTNYF)(CSE:PKG)(證券交易所代碼:PT0A)高興地宣佈,該公司1月份總收入創下公司歷史上最高紀錄。這遵循了2022年以來利潤率提高、收入持續增長和擴張成功的趨勢。該公司錄得約120萬加元的總收入,比2022年1月高出10%以上,2022年1月是當時收入最高的一個月。
首席執行官裡奇·惠萊斯表示:“我們繼續專注於提高利潤率,減少低效率,我們從規模經濟中受益。儘管全球市場面臨逆風,但我們仍然能夠顯示出積極的勢頭,實現我們之前制定的里程碑。我期待公司繼續簽署更有利可圖的合同,進入新的行業和市場,並進一步改善其財務業績。”
該公司期待在未來幾天和幾周內提供更多的最新材料。
關於ParcelPal物流公司
ParcelPal是一家總部位於不列顛哥倫比亞省溫哥華的公司,專門從事最後一英里的送貨服務和物流解決方案。我們是一家以客戶為導向的快遞和物流公司,通過我們在加拿大主要城市(包括溫哥華、卡爾加裡和多倫多)以及美國西部地區的快遞網路連接人們和企業。我們的一些垂直領域包括藥房和健康、餐包遞送、零售、食品雜貨等。
ParcelPal網站:
加拿大證券交易所(“CSE”)、美國證券交易委員會或任何其他證券監管機構都沒有對管理層準備的本新聞稿的充分性或準確性進行審查,也不承擔任何責任。
場外交易符號:PTNYF
CSE-符號:PKG
FSE-符號:PT0A
聯繫資訊
投資者聯繫方式
郵箱:Investors@parcelpal.com
電話:(587)883-9811
公司聯繫人
董事投資者關系部裡克·昂德希爾
ParcelPal物流公司。
郵箱:Investors@parcelpal.com
電話:(587)883-9811
前瞻性資訊
本新聞稿包含與ParcelPal未來潛力有關的前瞻性陳述。前瞻性陳述通常使用諸如“將”、“可能”、“應該”、“打算”、“預期”、“預期”、“計劃”等術語以及類似的表述。本新聞稿中除歷史事實陳述外的所有陳述均為前瞻性陳述,涉及風險和不確定因素。這些風險和不確定性包括但不限於,由於未能同意最終檔案中規定的條款、目標公司隨時撤回、未能收到、滿意或完全交付令人滿意的盡職調查檔案和資訊、未能在必要時獲得CSE批准、以及ParcelPal由於與物流業有關的一般風險、ParcelPal未能獲得市場對交易的接受、以及與向新國家擴張相關的潛在挑戰等原因,擬議交易將無法或按時完成的風險。或ParcelPal使用的知識產權及其收購目標。不能保證任何前瞻性陳述將被證明是準確的,實際結果和未來事件可能與此類陳述中預期的大不相同。
公司不能保證任何前瞻性陳述都會成為現實,並告誡讀者不要過度依賴任何前瞻性資訊。被收購業務的第三方客戶終止業務的風險不能得到保證,這在很大程度上是本公司無法控制的業務風險。這些資訊雖然在準備時被管理層認為是合理的,但可能被證明是不正確的,實際結果可能與預期的大不相同。本新聞稿中包含的前瞻性陳述明確地受到本警示性聲明的限制。本新聞稿中包含的前瞻性陳述是截至本新聞稿發佈之日作出的,公司只會根據加拿大證券法的明確要求,公開更新或修改任何包含的前瞻性陳述。