ParcelPal Broadcasts Additional Western U.S. Growth with a Main Service

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VANCOUVER, British Columbia, June 16, 2022 (GLOBE NEWSWIRE) — ParcelPal Logistics Inc. (the “Firm” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0A) is happy to announce that, as a part of the Firm’s broader plan to proceed to diversify its buyer base, execute on extra worthwhile enterprise engagements and its continued enlargement in the US, we have now begun working a website within the Utah space.

This enterprise enlargement includes the identical main provider that’s concerned within the acquisition that we introduced final week; nevertheless, that is a completely new website and new metropolis, and unrelated to our beforehand introduced acquisition. We sit up for offering companies to one of many largest categorical transportation and logistics supplier on the planet and additional creating this invaluable enterprise relationship at this website and in future expansions.

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Importantly, this enlargement has been organically developed and didn’t contain the issuance of inventory or money to amass this website. We hope to proceed such expansions within the close to and long run, bringing additional income, improved working margins and shareholder worth.

CEO Wealthy Wheeless commented: “We only in the near past began working with this new main buyer, and buying this extra enterprise will enable us to have the ability to additional enhance and diversify our enterprise within the speedy and long term. This may also give us the chance to realize a stronger footprint within the surrounding states because of the world provide points. Now we have not solely been in a position to quickly enhance our income and margins, however have proven vital monetary working enchancment over the previous 12 months, and I sit up for persevering with this pattern.”

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The Firm appears to be like ahead to offering extra materials updates within the coming weeks.

About ParcelPal Logistics Inc.

ParcelPal is a Vancouver, British Columbia based mostly firm that makes a speciality of last-mile supply service and logistics options. We’re a customer-driven, courier and logistics firm connecting folks and companies by our community of couriers in main Canadian cities together with Vancouver, Calgary, and Toronto, and now within the western area of the US. A few of our verticals embody pharmacy & well being, meal equipment deliveries, retail, groceries and extra.

ParcelPal Web site: www.parcelpal.com

Neither the Canadian Securities Change (“CSE”), the Securities and Change Fee nor every other securities regulatory authority has reviewed and don’t settle for accountability for the adequacy or accuracy of this information launch that has been ready by administration.

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OTC – Image: PTNYF
CSE – Image: PKG
FSE – Image: PT0A

Contact Data

Investor Contact

[email protected]
T: (587) 883-9811

Firm Contact

Bruce Nurse, Director of Investor Relations
ParcelPal Logistics Inc.
[email protected]

T: (303) 919-2913

Ahead Wanting Data

This information launch comprises ahead wanting statements referring to the longer term potential of ParcelPal. Ahead wanting statements are sometimes recognized by phrases equivalent to “will”, “might”, “imagine”, “ought to”, “intends”, “anticipates”, “expects”, “plans” and comparable expressions. All statements apart from statements of historic reality, included on this launch are ahead wanting statements that contain dangers and uncertainties. These dangers and uncertainties embody, with out limitation, the danger that the Proposed Transaction won’t be accomplished because of, amongst different issues, failure to execute definitive documentation, failure to finish passable due diligence, failure to obtain the approval of the CSE and the danger that ParcelPal won’t achieve success because of, amongst different issues, common dangers referring to the cell software trade, failure of ParcelPal to realize market acceptance and potential challenges to the mental property utilized in ParcelPal. There might be no assurance that any ahead wanting statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements.

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The Firm can not assure that any ahead wanting assertion will materialize and the reader is cautioned to not place undue reliance on any ahead wanting data. Such data, though thought-about affordable by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Ahead wanting statements contained on this information launch are expressly certified by this cautionary assertion. The ahead wanting statements contained on this information launch are made as of the date of this information launch and the Firm will solely replace or revise publicly any of the included ahead wanting statements as expressly required by Canadian securities legal guidelines.