CORAL GABLES, FL / ACCESSWIRE / January 16, 2019 / Delivery tech companies have dramatically changed the makeup of the food industry as we've all come to know it, with the advent of food delivery apps meant to bring ease to customers looking to eat delicious foods without having to step inside a restaurant. To put it simply, the basic paradigm of what defines a restaurant or food-serving location is being completely redefined as experts and professionals in the field work to develop innovative approaches to developing applications and digitized solutions to improve the quality of food delivery for consumers. ParcelPal Technology Inc (PTNYF) (PKG), Blue Apron Holdings Inc (APRN), Groupon Inc (GRPN), and Yelp Inc (YELP) are 4 delivery tech stock companies developing new ways for consumers to enjoy their meals.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as technology has evolved over the years, so too has the industry surrounding delivery apps and their growing popularity. The opportunity that ParcelPal may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber andGrubhub before they went mainstream in the US.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace, where there once was none, where customers can shop for anything from food to clothes, and customers need only shop from the app, choose the items they want, and wait for the delivery within one hour.
In recent news, ParcelPal Technology Inc (PTNYF) (PKG) announced yesterday that President and CEO Kelly Abbott will present the 5th annual AlphaNorth Capital Conference. The AlphaNorth Capital Conference will feature some of the best companies in thesmall cap arena across various sectors including technology, biotech & healthcare and connect them with over 140 of the top retail brokers and institutional investors (funds & family offices) in North America through a full day of one-on-one meetings.
In a press release regarding the announcement, Abbott said, "In 2019, one of ParcelPal's key objectives is to introduce our story to new Canadian, US and international investors to allow them the opportunity to hear firsthand of our successes to date and the compelling reasons why investment in ParcelPal could prove advantageous, especially as we continue to execute on our strategic and business objectives. This conference allows the opportunity to introduce ParcelPal to numerous institutions that are interested in high growth, innovative technology companies like ParcelPal."
Blue Apron Holdings Inc (APRN) announced earlier this week that the Company plans on releasing their fourth quarter and fiscal year 2018 financial results prior to the opening of the U.S. financial markets on Thursday, January 31, 2019. Per the announcement, the release will be followed by a conference call and a live webcast, hosted by Blue Apron Chief Executive Officer Brad Dickerson and Chief Financial Officer Tim Bensley to discuss the Company's recent performance updates.
Groupon Inc (GRPN) announced in early December that it had entered into a distribution partnership with AMC Theaters, one of the world's largest movie exhibitors. Under the terms of the agreement, Groupon marketplace users will have greater access to the movies through AMC's network of theaters across the country.
Brian Fields, head of things to do, Groupon, said, "Partnering with AMC helps us bolster an already strong category for Groupon. This integration furthers our mission of becoming the daily habit in local by connecting people with more entertainment choices in their community. Going to the movies is the quintessential local experience."
Yelp Inc (YELP), the company purposed with connecting people with local businesses around the world, today issued a statement in response to a press release from SQN Investors LP.
The statement read, "Yelp's Board and management team are focused on taking actions to deliver on our disciplined strategy to achieve sustained, long-term growth and create shareholder value. We value our shareholders' input and will continue to incorporate investor feedback as we work to capitalize on the opportunities before us and further ensure that our Board's composition best serves the strategic and operational goals of the business."
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