IRW-PRESS: ParcelPal Logistics Inc .: ParcelPal announces an expansion of its subcontracting business
VANCOUVER, British Columbia – July 26, 2022 – ParcelPal Logistics Inc. (“Company” or “ParcelPal”), (OTC: PTNYF) (CSE: PKG) (FSE: PT0A) is pleased to announce that, as part of a broader plan to further … It has expanded its subcontracting activities to diversify its customer base and pursue additional profitable business tasks.
The company also commissioned local courier companies to handle excess amounts from a larger carrier. As a result, our activity has expanded to support partner fleets. The forwarder is a leading provider of integrated freight, packaging and logistics solutions, has been operating on the market for over 60 years and employs over 14,000 people.
Rich Wheeless’s CEO stated: “Supporting fast-growing partners in this field is a service we are always eager to offer. In the logistics area, there is still a high demand for our services and we will continue to focus on acquiring additional profitable customers, not only in Canada but also in the United States, where additional new customers and acquisition opportunities have emerged to create added value for our shareholders.
The company is looking forward to providing additional important information as it becomes available.
About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia-based company specializing in last mile delivery services and logistics solutions. We are a customer driven courier and logistics company connecting people and businesses through a network of courier services in the major Canadian cities of Vancouver, Calgary and Toronto, and now in the Western United States. Our vertical markets include pharmacy and health, meals on wheels, retail and groceries.
The ParcelPal website is located at: www.parcelpal.com
This press release, prepared by management, has not been reviewed by the Canadian Stock Exchange (CSE), the Securities and Exchange Commission or any other securities regulatory body. Therefore, no responsibility is assumed for the adequacy or accuracy of this report.
Contact for investors
T: (587) 883-9811
Bruce Nurse, director of investor relations
ParcelPal Logistics Inc.
T: (303) 919-2913
This press release contains forward-looking statements about ParcelPal’s future potential. Forward-looking statements are often identified by words such as will, may, should, intend, expect, anticipate, plan, and similar expressions. All statements in this announcement that are not based on historical facts are forward-looking statements involving risks and uncertainties. These risks and uncertainties include, inter alia, the risk that the proposed transaction will not be carried out or will not be carried out on time due to, inter alia, failure to agree to the conditions set out in the final documentation, the target company withdraws at any time, lack of satisfactory due diligence documents and – receives, is satisfied or does not fully provide information, the risk that ParcelPal will not be successful, including due to general threats in the logistics industry, Failure of ParcelPal to obtain market acceptance for the transaction and the potential challenges associated with expansion to a new country or with intellectual property used in ParcelPal and its acquisitions. There is no guarantee that the forward-looking statements will prove to be accurate. Actual results and future events may differ materially from such statements.
The company cannot guarantee the accuracy of any forward-looking statements. Therefore, readers are cautioned not to rely unduly on forward-looking statements. The risk of external customers of the acquired business / companies withdrawing from operations cannot be guaranteed and is a business risk largely beyond the Company’s control. While this information was considered reasonable by management at the time it was prepared, it may not be accurate and actual results may differ materially. Forward-looking statements in this press release are expressly covered by this notice. The forward-looking statements in this press release are made as of the date of this press release. The Company will not amend or publicly update any forward-looking statements contained herein, except as expressly required by Canadian securities laws.
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