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TICKERS: PKG; PTNYF; PT0

Logistics Tech Company Partners with Eco Eats to Deliver Food
News Update

Source:

This new business segment for the firm offers growth potential.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) was engaged by Eco Eats for delivery and logistics services, the company announced in a news release.

Vancouver-based Eco Eats offers an app for grocery shoppers, nonprofit organizations, businesses and people just wanting a meal to find food they want to eat.

ParcelPal will transport wholesale food to Eco Eats' customers throughout the Greater Vancouver area on a scheduled, daily basis and will deliver food, on demand, to its consumers. As such, ParcelPal launched a new certified, food safe, refrigerated service in that region, and expects to begin services for Eco Eats by the end of this month.

Food delivery represents a new growth segment for ParcelPal, one it expects to be profitable by Q2/20.

"We are thrilled to be able to extend our service offerings through this agreement with Eco Eats, a company with a solid approach to providing an eco-friendly platform that brings consumers food they love and coordinates food donations and logistics for non-profits so everyone eats. The expansion will allow ParcelPal to tap into new as well as existing markets," President and CEO Kelly Abbott said in the release.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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