CORAL GABLES, FL / ACCESSWIRE / January 15,2019 / The food industry, as we've all come to know it, has recently changed with the advent of food delivery apps meant to bring ease to customers looking to eat delicious foods without having to step inside a restaurant. With the recent increase in capital and sheeramount businesses entering the delivery tech stock market, the nascent sector has seen unprecedented growth in the space. Food apps have already changed all sorts of components related to increased access to food, resulting in the increasing attraction to delivery stocks. To put it simply, the basic paradigm of what defines a restaurant or food-serving location is being completely redefined as experts and professionals in the field work to develop innovative approaches to developing applications and digitized solutions to improve the quality of food delivery for consumers. ParcelPal Technology Inc (PTNYF) (PKG), GrubHub Inc (NYSE: GRUB), Blue Apron Holdings Inc (NYSE: APRN), and Domino's Pizza, Inc (NYSE: DPZ) are 4 delivery tech stock companies developing new ways for consumers to enjoy their meals.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved overthe years, so too has the industry surrounding delivery apps and their growing popularity. The opportunity thatParcelPal may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber andGrubhub before they went mainstream in the US.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.
In recent news, ParcelPal Technology Inc (PTNYF) (PKG) announced today that President and CEO Kelly Abbott will present the 5th annual AlphaNorth Capital Conference. The AlphaNorth Capital Conference will feature some of the best companies in thesmall cap arena across various sectors including technology, biotech & healthcare and connect them with over 140 of the top retail brokers and institutional investors (funds & family offices) in North America through a full day of one-on-one meetings.
In a press release regarding the announcement, Abbott said, "In 2019, one of ParcelPal's key objectives is to introduce our story to new Canadian, USand international investors to allow them the opportunity to hear firsthand of our successes to date and the compelling reasons why investment in ParcelPal could prove advantageous, especially as we continue to execute on our strategic and business objectives. This conference allows the opportunity to introduce ParcelPal to numerous institutions that are interested in high growth, innovative technology companies like ParcelPal."
GrubHub Inc (GRUB), one of the nation's leading online and mobile food-ordering platforms, announced in November, that it had closed its previously announced acquisition of Tapingo, a leading platform for campus food ordering. Under the terms of the agreement, GrubHub paid $150 million in cash for Tapingo, funded through cash on hand and GrubHub's existing credit facility.
At the time of the announcement, it was disclosed that Tapingo's technology, currently used by more than 150 colleges and universitiesÂÂÂÂ nationwide, directly integrates mobile ordering into campus meal plans and point-of-sale systems, making it easier than ever for students to eat on campus. Tapingo powers tens of thousands of order-ahead pickup transactions per day and serves more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores.
Blue Apron Holdings Inc (APRN) announced at the end of December that it had formed a collaborative partnership with WW to create a weekly rotating selection of recipes inspired by the WW Freestyleâ„¢ program and available for home delivery. Blue Apron, known for creating incredible meal experiences, informed shareholders and consumers that their culinary team designed the recipes, which emphasize diverse cuisines,high quality ingredients, and unique flavors, in close collaboration with WW nutrition.
"The passion, engagement, and enthusiasm of WW members closelymirrors the attributes of our community of home cooks," said Brad Dickerson, CEO, Blue Apron. "Our new WW Freestyle menu is designed to bring discovery and achievement to the home cooking experience, introducing consumers——including WW members and Blue Apron customers——to ingredients, techniques, and delicious meals that empower them to develop a wellness-inspired home cooking routine."
Domino's Pizza Inc (DPZ), the largest pizza company in the world based on global retail sales, announced early last week that, in an effort to maintain a cohesive leadership team, they hired Stu Levy as the Company's new Executive Vice President of Supply Chain. Per the announcement, Levy will report to Chief Executive Officer Richard Allison and will join the company effective Jan. 21.
"Stu has a proven track record of successfully leading organizations through complex change programs and has a recognized ability to develop and execute practical strategies to drive bottom-line results," said Allison. "He's going to be a terrific addition to our experienced leadership team."
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