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VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that it has signed a “letter of intent” with another United States delivery service company (“Acquiree”). The Acquiree initiated operations at this specific locale in March 2021 and has been rapidly growing. For calendar year 2021, Acquiree is projecting gross revenues of approximately $1.0M USD, and for its first 12 months of operations they are projecting gross revenues for approximately $1.3M USD. It is important to note that the Acquiree’s principal customer is a major global delivery service provider and is not one that ParcelPal currently does any business with; therefore, assuming consummation of this transaction, this will also lend itself towards our goal to diversify our customer base while immediately adding to our topline gross revenue growth.
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