PKG Profit in October 2020 Imagine Novembee And december Huge Profit With Holudays coming $$$$$
2020-11-25 08:38 ET - News Release
Mr. Rich Wheeless reports
PARCELPAL ANNOUNCES ITS FIRST PROFITABLE MONTH IN THE HISTORY OF THE COMPANY
For the month of October, 2020, ParcelPal Technology Inc. turned its first profit in the history of the company.
Chief executive officer Rich Wheeless stated: "This is a major milestone for the company and I believe also a turning point for us. This has also been a personal mission of mine since the day the board promoted me to CEO in April, and while no one can guarantee every month to be a profitable one, this remains a significant positive event for our company. A combination of cost-cutting measures (right-sizing the business), signing more profitable contracts, moving into new industries and markets and a renewed focus on what the company does best has led to this and has additionally strengthened our balance sheet. I am extremely proud of the work the team has accomplished during this time especially given the challenging global environment we have all been faced with. I look forward to finishing up the quarter (and year) strong, and for 2021 to be an even stronger year for us."
Chairman of the board Brian Storseth added: "The board is extremely pleased with the continued progress that has been made and the amazing leadership shown by our CEO Rich Wheeless since being promoted to the position earlier this year. He has quickly turned around the company by focusing on profitability, streamlining our internal processes and expanding our customer base, which is already showing up in our bottom line. We look forward to the rest of this quarter."
In addition to the company's Q3 report being released by month-end, it anticipates issuing a further press release to report on its November, 2020, performance in December.
About ParcelPal Technology Inc.
ParcelPal is a leader in the growing technology and logistics industry. ParcelPal seamlessly connects consumers to businesses, where they have access to the goods they love, any time, anywhere. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour or the same day. The company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver, Calgary, Toronto and soon in major cities Canada-wide.
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