PTNYF - ParcelPal Announces Partnership with Major Point of Sale Platform Lineten
(via TheNewswire)
Vancouver, British Columbia, Canada - TheNewswire - September 12th, 2019 - ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (CNSX:PKG.CN) (FSE:PT0) (OTC:PTNYF) is pleased to announce that it has formed a partnership with UK based Lineten Technology, Inc. ("Lineten") for scheduled, same day, and on demand delivery for major clients within Canada.
This initiative between Lineten and ParcelPal has commenced with Calgary, Alberta as the catalyst city and is expected to grow to additional cities within their distribution network across Canada, potentially the US and others. Full integration is expected to be complete in three weeks from the date of this announcement, enabling ParcelPal to fulfill on behalf of Lineten's customers (5 guys, Co-Op, Krispy Kream Doughnuts, etc.). ParcelPal will be favourably positioned for future expansion efforts with this Agreement, as Lineten operates in over 10 countries across Europe, North America, the Middle East and South America and has over 200 major partners.
ParcelPal has successfully completed a beta test in Calgary and will begin to scale the service to additional customers imminently. Customers are able to track their purchase in real time and have their product delivered to any location they specify through ParcelPal's platform.
President and CEO, Kelly Abbott states, "We are thrilled to have formed a strategic partnership with Lineten. Lineten has large reach internationally, which positions both companies to be able to expand rapidly within many markets together."
David Lynch the Growth Director at Lineten states, "This new agreement is part of our continued efforts to provide and develop an amazing experience to our customers."
About Lineten Technologies
We are a technology company recognized for our outstanding technical capability around the areas of integration and aggregation through our 3 key elements: NOQU Delivery System, NOQU Online and NOQU bridge, which allows us to bring Technology and Logistics to new ground.
About ParcelPal Technology Inc.
ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Website: www.parcelpal.com
The Canadian Securities Exchange ("CSE") or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.
CSE - Symbol: PKG
FSE - Symbol: PT0
OTC - Symbol: PTNYF
Contact: Peter Hinam, Investor Relations - peter@parcelpal.com
Forward Looking Information
We seek safe harbour
This news release contains forward looking statements relating to the Proposed Transaction, and 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 due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the CSE and the risk that ParcelPal will not be successful due to, among other things, general risks relating to the mobile application industry, failure of ParcelPal to gain market acceptance and potential challenges to the intellectual property utilized in ParcelPal. 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. 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.
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