09 May ParcelPal Announces Appointment of Additional Director
Vancouver, British Columbia, May 9, 2017 – ParcelPal Technology Inc. (OTC: PTNYF) (CSE: PKG) (FSE:PT0) (“ParcelPal” or the “Company”) is pleased to announce the appointment of Peter Hinam to its board of directors.
From November 2012 to April 2017, Mr. Hinam was the chief executive officer, president and director of Turquoise Capital Corp (TQC.P) A Capital Pool Corporation listed on the Toronto Venture Exchange. Turquoise Capital Corp successfully completed its qualifying transaction in April 2017 raising $5.3 million after merging with Brazilian producing diamond mine – Five Star Diamonds Inc. (V:STAR).
In 2013 Mr. Hinam co-founded MMJ Bioscience Inc. (ASX:MMJ) which has since merged in a $26 million dollar deal with Phytotech Medical Limited. Mr. Hinam served as a director and the Vice President of Acquisitions for MMJ Bioscience until January 2015. MMJ Phytotech now trades on the ASX under symbol (ASX:MMJ).
Kelly Abbott, President and CEO of ParcelPal commented on Mr. Hinam’s appointment: “I am very pleased that Peter has agreed to join our board of directors. Peter has an extensive background in the public markets and has a demonstrated track record of creating shareholder value. Peter will bring valuable perspective to our Company’s business strategies with his extensive experience, business acumen and proven leadership abilities.”
The board of directors of the Company is now comprised of Jason Moreau, Kelly Abbott, Ian Tostenson, Martin Woodward, Benjamin Catalano and Peter Hinam.
Mr. Hinam has received 100,000 options upon his appointment to ParcelPal’s board of directors.
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.
How it Works
Through the ParcelPal iOS app, customers enter their address and view a list of merchants available in their neighborhood. Once the customer makes a selection, they simply place the order and pay online through ParcelPal secure ordering platform. The order is then prepared by the merchant and brought directly to customers by a ParcelPal driver anywhere they choose within Vancouver. Customers will also have the option to order and pick it up themselves.
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
Shares issued and outstanding: 29,514,058
Contact: Kelly Abbott, President and Chief Executive Officer, ParcelPal Technology, Inc. – 604- 401-8700
Forward Looking Information
This news release contains forward-looking statements. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “intends”, “anticipates”, “expects”, “plans” and similar expressions. All statements other than statements of fact included in this release are forward- looking statements that involve risks and uncertainties including but not limited to the Company expanding into additional markets. These risks and uncertainties include, without limitation, the risk that the Company will not be successful due to, among other things, general risks relating to the mobile application industry, failure of the Company’s mobile app to gain market acceptance and potential challenges to the intellectual property utilized in the Company’s mobile app. The forward-looking statements are based on the assumptions that the Company will be able to expand in major cities Canada wide. There can be no assurance that any forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities laws.