CORAL GABLES, FL / ACCESSWIRE / January 30, 2019 / The future of the tech stock market is predicated on the intellection that, as society becomes increasingly burdened by challenges and obstacles to growth, technological experts and scientists will rise to the occasion and design products/services to alleviate life's impending stressors. Following the advent of artificial intelligence, big data, vehicle automation, and other advancements coming out of the woodwork, its only natural that investors are focused on potential opportunities generated by companies responsible for these products. If companies continue as they have been, the tech industry may see impressive gains as a result of favorable public opinions. ParcelPal Technology Inc (PTNYF) (PKG), Advanced Micro Devices Inc (AMD), Mercury Systems Inc (MRCY), and Zix Corporation (ZIXI) represent four tech companies dead-set on meeting the onslaught of challenges by creating new and exciting technologies for consumers.
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 Company utilizes technology-driven logistics to connect consumers with the goods they love. Customers can shop at partner businesses and, through the ParcelPal platform, receive their purchased goods within an hour.
ParcelPal Technology Inc (PTNYF) (PKG) has received significant notoriety from both consumers, as well as investors in the tech sector because the Company created an on-demand marketplace where there once was none. Through the use of their platform, 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.
ParcelPal Technology Inc (PTNYF) (PKG) announced earlier this week that the Company has 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 their 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.''
Advanced Micro Devices Inc (AMD) announced earlier this week reports on Company revenue for the fiscal year 2018 of $6.48 billion, operating income of $451 million, net income of $337 million and diluted earnings per share of $0.32.
In response to the Company's recent quarterly report, Dr. Lisa Su, AMD president, and CEO, said, ''In 2018 we delivered our second straight year of significant revenue growth, market share gains, expanded gross margin and improved profitability based on our high-performance products. Importantly, we more than doubled our EPYC processor shipments sequentially and delivered record GPU datacenter revenue in the quarter.''
Mercury Systems (MRCY) found itself in headlines this week when the Company announced its acquisition of GECO Avionics, LLC, a company with over twenty years of experience designing and manufacturing affordable safety-critical avionics and mission computing solutions. Per the details of the announcement, Mercury acquired GECO for an all-cash purchase price of $36.5 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury's existing revolving credit facility.
Mark Aslett, Mercury's President, and CEO, said, ''the acquisition of GECO complements our acquisitions of Creative Electronic Systems, based in Geneva, Switzerland, and Richland Technologies, based in Duluth, GA. Combined, these three acquisitions significantly expand our footprint in mission computing and platform management.
Zix Corporation (ZIXI), a leader in email security, announced earlier this month that it had entered into a definitive agreement to acquire AppRiver, a leading provider of cloud-based cybersecurity solutions for $275 million in cash.
Following the announcement of the agreement, David Wagner, Zix's Chief Executive Officer, commented, '' this acquisition builds on those efforts in a monumental way: we're combining two email security companies that can drive great synergies and higher growth together by leveraging Zix's superior product delivery and AppRiver's exceptional customer service and support. More specifically, the acquisition helps us expand our customer base, enhance our advanced threat protection position, and accelerate our high-velocity go-to-market strategy through AppRiver's numerous and longstanding channel partnerships.
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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.