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Vancouver, British Columbia, Canada / TheNewswire / April 4, 2018 - ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG:CSE) (FSE:PT0) ( OTC:PTNYF) is pleased to announce that it has achieved a key milestone by delivering approximately 500,000 parcels since January. ParcelPal is now among the top rated and fastest growing providers for Amazon (AMZL) out of B.C, allowing them to achieve gold status as an Amazon fulfillment provider. The Company has met and exceeded expectations by the following key metrics of performance:
- - 98.9% First delivery success rate
- Less than 1.5% return on all parcels
- 1600 DPMO (Defects per million opportunities) - 20% below the baseline standards
The high quality of service provided to Amazon over the subsequent 5 months has allowed ParcelPal to aggressively grow their business and revenues that are expected to have grown by 25-30% from our benchmark Q4 2017 earnings through to Q1 2018 (Please see Sedar for Financial statements). The company is now delivering specifically for Amazon in Surrey, South Surrey, Delta, Langley, Vancouver, Burnaby, Coquitlam and New Westminster for Amazon and expects to add additional territories.
"I am extremely proud of the work my team and I have done to achieve such a milestone in such an extremely short period of time. Gold status is an impressive achievement and is only reached by top performing fulfillment providers. We are continuing to grow our company and exploring other opportunities within Amazon that work within our business model. We are also continuing to explore additional opportunities with other smaller and major eCommerce chains to provide a value-add uberization complement."
Additionally, ParcelPal wishes to report that they are in an adequate cash position and will update shareholders accordingly with operational, development and business development as they become material. The Company wishes to let shareholders know that the company is working hard to complete year-end financials in a timely manner.
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
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