VANCOUVER, British Columbia, June 17, 2021 (GLOBE NEWSWIRE) – ParcelPal Logistics Inc. (formerly ParcelPal Technology Inc.), (CSE: PKG) (OTC: PTNYF) (FSE: PT0) (the “Company” or “ParcelPal “) is pleased to announce that, in addition to its press release dated June 14, 2021, the Company has changed its name from” ParcelPal Technology Inc. ” to “ParcelPal Logistics Inc.”. The common shares of the company will begin trading under the new name on June 18, 2021. There will be no change in the symbol and the common shares of the company will continue to trade under the ticker symbol “PKG”. The CUSIP number assigned to the Company’s shares after the name change is 69938P106 (ISIN: CA69938P1062). There is no need for shareholders to take any action with respect to the name change. The outstanding share certificates are not affected by the name change and do not need to be exchanged.
About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia-based company that specializes in last-mile delivery services and logistics solutions. We are a customer-driven courier and logistics company connecting people and businesses through our courier network in cities like Vancouver, Calgary, Toronto, and soon to other major cities in Canada. Some of our verticals include pharmacy and healthcare, meal kit deliveries, retail, groceries, and more.
ParcelPal website: www.parcelpal.com
Neither the Canadian Stock Exchange (“CSE”), the Securities and Exchange Commission, or any other securities regulatory authority has reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
OTC symbol: PTNYF
CSE symbol: PKG
ESF symbol: PT0
Contact: re: Investor inquiries – firstname.lastname@example.org
This press release contains forward-looking statements regarding 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, but are not limited to, the risk that the Proposed Transaction will not be completed due to, among other things, a lack of execution of final documentation, a lack of satisfactory due diligence, a lack of CSE approval, and the risk that ParcelPal will not be successful due to, among other things, general risks related to the mobile application industry, ParcelPal’s inability to gain market acceptance, and potential challenges to the intellectual property used in ParcelPal. There can be no guarantee that 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 statements will be materialized, and the reader is cautioned not to improperly rely on any forward-looking information. Such information, although considered reasonable by management at the time of its preparation, may be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will only publicly update or revise any of the included forward-looking statements as expressly required by Canadian securities laws.