Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: PKG; PTNYF; PT0

Logistics Company Achieves Record Revenue in January
News Update

Source:

ParcelPal Technology reports a monthly revenue increase of 45% compared to the prior year.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced in a news release that its January 2020 revenue was the highest in its history.

"We've had a great start to the year, which is traditionally a quieter time of year for retail, e-commerce and general consumer purchasing," President and CEO Kelly Abbott said in the release.

During January 2020, ParcelPal generated $480,000, which was $148,000, or 45%, more than in the same month last year. Also, the Vancouver-based company's sales in January 2020 of nearly $500,000 were record high, driven by the recent regional expansion.

"I am excited to report preliminary numbers for January and able to achieve almost 500k in sales in just one month, achieving a new record for the company," Abbott said. "We are expecting this trend to continue into 2020 as we hit each of our milestones. Investors can expect great things from ParcelPal in 2020."

[NLINSERT]

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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ParcelPal Technology. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ParcelPal. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ParcelPal Technology, a company mentioned in this article.




Learn More about Which Online Broker is Right for You?

Want to read more about Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe