Dollar signsOne of the best opportunities I've seen in a long time. If you know the cost of shipping and couriers in Canada, you know what I mean. These guys are ramping up to be a major business and are already making escalating revenue, scaling 12 employees to a hundred in such a short time, 100 restaurants on board and thousands of app users. Think of the lives that could be changed by this business model for the guys doing the deliveries. Wow.
And then Amazon:
"
We have built a strong relationship with Amazon as they are pleased with our performance, growth and key metrics. This is a very robust and fruitful long-term contract that brought in nearly $400,000 of revenue for the last quarter – Q4. The contract signed involves delivering for Amazon 'Core' services. This entails delivering Amazon merchandise to Greater Vancouver residents. We are aiming to expand on both the existing 'Core' business and Amazon 'Prime' services. This service gives users access to two-day and same day delivery on purchases."
Sounds good to me.
"We intend to pursue rapid commercialization of our platform in the aforementioned verticals and take full advantage of the current opportunities developed by current industry partners. ParcelPal plans to expand to every major city, Canada wide and enter the US market."
Great letter by the CEO. His writing syle which reminds me very much of the CEO of Netflix, which is the ultimate compliment one can pay these days since Netflix is king of the world. Either way, great things to come for this company and we're lucky enough to get in right here.
Looking forward!