Vancouver, British Columbia (FSCwire) - ParcelPal Technology Inc. (“ParcelPal” or
the “Company”), (PKG:CSE) is an on-demand delivery service that makes sending packages easy. ParcelPal software instantly
connects businesses to the ParcelPal network where items are quickly and affordably delivered locally though crowd-sourced
couriers.
In light of the impending Canada Post strike, ParcelPal has expanded their operations and begun bringing on more
delivery drivers to service the lower mainland. As the strike approaches, local businesses are scrambling to find alternatives to
deliver general mail and products to their customers. These companies know that if their mail or parcels are en route when the
Canada Post strike happens they will be held by Canada Post for 6-8 weeks until the strike has been resolved.
Once the Canada Post strike is active there will be additional volume that is absorbed by local carriers. Local
carriers find this challenging as they have a fixed amount of capacity. A large amount of capital is needed to buy new delivery
vehicles, hire more staff and rent warehouse for the sudden increase in volume that will only last for a limited time. ParcelPal
however, has no warehouses and can increase delivery drivers in mere hours to service needing customers. The ParcelPal
technology enables businesses to sign up and begin delivering their products in mere minutes.
President and CEO Jason Moreau states, “In light of the Canada Post strike, our team is ready to take on the demand
that will suddenly shock the market. The technology behind ParcelPal can handle thousands of simultaneous deliveries, so we are
ready to service the local Vancouver businesses.”
About ParcelPal Technology Inc.
ParcelPal is an iPhone, Android and desktop computer service enabling businesses and individuals to quickly and
affordably have items delivered locally though crowd-sourced couriers. The Company offers same-day delivery of merchandise for
leading retailers in Vancouver and soon in major cities Canada-wide.
ParcelPal: www.parcelpal.com
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
Shares issued: 25,401,511
Contact: Jason Moreau, President, ParcelPal Technology, Inc. – 604-401-8700
Forward Looking Information
This news release contains forward looking statements relating to the Proposed Transaction, and the future potential of
ParcelPal. 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 historical fact,
included in this release are forward looking statements that involve risks and uncertainties. These risks and uncertainties
include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to
execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the CSE and
the risk that ParcelPal will not be successful due to, among other things, general risks relating to the mobile application
industry, failure of ParcelPal to gain market acceptance and potential challenges to the intellectual property utilized in
ParcelPal. 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ParcelPalJune302016.pdf
Source: ParcelPal Technology Inc. (CSE:PKG)
www.parcelpal.com
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