CORAL GABLES, FL / ACCESSWIRE / February 8, 2019 / The tech stock market will continue to be successful if, and only if, companies in the sector continue to invest in ideas that can be used to design innovative technologies and services that will appeal to consumers. As we've seen in recent headlines, companies are working with artificial intelligence, virtual reality, haptics, and automation, all of which have resulted in magnetizing investors to the tech sector. Consumers may not be privy to the fiscal operations of companies working in tech, but they are likely more familiar with the products and services being released to the public. So long as companies immersed in the tech sector recognize and act on their responsibilities to consumers, it may catalyze potential investment opportunities in the near future. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (RIOT), eGain Corporation (EGAN), and Sienna Biopharmaceuticals Inc (SNNA) represent four companies determined to innovate towards the advancement of the tech sector.
ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the space, is taking advantage of the fact that, as new technologies are created to alleviate the everyday stress of life, consumers are becoming more cognizant of their needs and expect tech to be created with these in mind. In recognition of this opportunity, the Company created an on-demand marketplace where consumers can shop for anything from food to clothing.
ParcelPal Technology Inc (PTNYF) (PKG) utilizes technology-driven logistics to connect consumers with the goods they love, including allowing customers to place orders for cannabis products. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour. It's no longer a question of what products can be ordered, but, through the Company's platform, how easy can it be to have said products be delivered.
ParcelPal Technology Inc (PTNYF) (PKG) announced towards the end of last month that the Company had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed ParcelPal as its official delivery service in Canada. As part of the ParcelPal's national rollout campaign, advertising for ParcelPal's service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG) , explained that "as ParcelPal dives deeper into cannabis and alcohol delivery, we are very aware of the inherent risks associated with consumption. We take every precaution to ensure the product is not only delivered safely but will be consumed responsibly as well. Our driver training programs and our technology are designed to ensure they do not deliver to a highly intoxicated or underage person."
Riot Blockchain Inc (RIOT) announced earlier this week that its Board of Directors is implementing leadership and governance changes. Per the details of the announcement, Jeff McGonegal is being named Chief Executive Officer, replacing departing Chris Ensey, who had joined the Company in January 2018 as its Chief Operating Officer and had been appointed interim Chief Executive Officer, in September 2018. Jeffrey Vormittag, Chief Operating Officer of the Company's wholly-owned subsidiary, Riot Blockchain Canada Inc. will also be leaving the company.
In addition to the Company's leadership changes, Riot announced changes to its Board Committee structure with the Nominating Committee and the Governance Committee being re-combined into one Committee.
eGain Corporation (EGAN) saw impressive gains in early-afternoon trading on Friday, with shares up 38.98%, trading at $10.34 per share. The cloud-based customer solutions Company yesterday announced financial results for its fiscal 2019 second quarter ended December 31, 2018.
Ashu Roy, eGain's Chief Executive Officer, commented, "we are pleased with the strong top and bottom-line performance we achieved in the second quarter. We hosted a successful DX18 customer event in Chicago and we are encouraged to see growing demand for AI-powered digital customer engagement."
Sienna Biopharmaceuticals Inc (SNNA), a clinical-stage biotech company, today announced positive topline results from its pivotal trial of SNA-001 in conjunction with an 810 nm Diode laser, involving 65 patients. SNA-001, a topical pre-treatment to standard laser hair removal, was studied in women and men with white, gray, blonde, light red and light brown hair.
Per the details of the announcement, The data showed SNA-001 met the primary endpoint of non-inferiority in hair reduction (-17.5 percent with SNA-001+Laser compared to -1.1 percent with vehicle+Laser following six treatment sessions).
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An Affiliate of JSG Communications, MIDAM VENTURES LLC has been compensated $75,000 per month for 3 months by ParcelPal Technology, Inc. for a period beginning September 1, 2018, and ending February 1, 2019, to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.
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