08:51:57 EDT Fri 29 Mar 2024
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ParcelPal Technology Inc
Symbol PKG
Shares Issued 25,401,511
Close 2017-11-15 C$ 0.12
Market Cap C$ 3,048,181
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ParcelPal adds 50 restaurants to delivery service

2017-11-16 11:36 ET - News Release

Mr. Kelly Abbott reports

ParcelPal Expands Restaurant Offerings on Platform

ParcelPal Technology Inc. has further expanded its restaurant offerings in downtown Vancouver by adding another 50 restaurants to its platform.

To offer users more choice, beginning Wednesday, Nov. 16, customers will be able to order from these new restaurants via the ParcelPal application. The ParcelPal iOS application currently handles all aspects of food delivery by bringing restaurants, customers and drivers together on one single platform.

The addition of these 50 restaurants brings the total restaurant amount to over 100 in Vancouver's downtown core. With the announcement of the restaurant expansion, ParcelPal has expanded their hours to 11 a.m. to 11 p.m. on weekends and 11 a.m. 7 p.m. during weekdays, seven days a week to accommodate delivery volume.

President and chief executive officer, Kelly Abbott, stated: "This addition of 50 new restaurants further shows our commitment to our customers to offer them the great tastes that Vancouver gastronomy has to offer. Today's customers want to enjoy the food they crave, from the brands they love, in the most convenient way possible in their home or at work. We are delivering on the promise of offering the city's best restaurants to customers and we are very excited to add more great restaurants to the platform in the coming months. In addition we are anticipating expanding our operating zones to Kitsilano, East Vancouver and Mount Pleasant."

Mr. Abbott continued, "The United States market for on-line food delivery is estimated at nearly $70-billion annually, which translates to a Canadian market worth upwards of $6-billion to $7-billion. ParcelPal is positioned to capture an increasing portion of this market and more, with new city launches and continuing investment into new delivery verticals. Much of the ground work has been completed for alcohol delivery, we are very excited to get started on this vertical."

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 across Canada.

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