CORAL GABLES, FL / ACCESSWIRE / March 27, 2019 / The tech stock market has been anything but quiet in the first few months of 2019. Companies across the tech industry are pulling out all the stops to allocate resources for the development of innovative technology. Nowadays, consumers are outwardly vocal about the products they are interested in, and some companies in the tech sector have managed to meet the growing demands of consumers in the tech market. All in all, the future is largely unpredictable, but if the tech industry continues to develop exciting, advanced products and services to improve our quality of life, this could catalyze serious investor attention. ParcelPal Technology Inc (PTNYF) (PKG), Uxin Limited (UXIN), CorMedix Inc (CRMD), and Creative Realities Inc (CREX) are 4 tech stocks changing the game on Wednesday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company determined to connect consumers to the goods they love via an easy-to-use, on-demand platform. Through the use of ParcelPal, customers can shop at partner businesses and receive their orders within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Technology Inc (PTNYF) (PKG) made headlines last week when the Company announced that it has completed over two million deliveries. This milestone demonstrates the growth the Company has undergone since its inception as well as further validates that they are on the way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States.
Following the announcement, Kelly Abbot, Chief Executive Officer of ParcelPal Technology Inc (PTNYF) (PKG), said, "we are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships."
Uxin Limited (UXIN), the largest used car e-commerce platform in China, earlier this month announced its financial results for the fourth quarter and full year ended December 31, 2018. Over the course of last year, the Company facilitated financing for 79,738 used car transactions on its platform in the fourth quarter of 2018.
Mr. Kun Dai, Founder, Chairman, and CEO of Uxin, said, "we are pleased to end the year with another set of strong results, with total revenues in the fourth quarter exceeding the high-end of previous guidance. We continued to attract consumers through Uxin's unique value proposition of a broad selection of used cars, digital transparency, and a one-stop solution. We facilitated over 160,000 used car transactions on our 2C platform in the fourth quarter, representing a year-on-year increase of 93.6%."
CorMedix Inc (CRMD) saw its shares enjoy a 20.80% boost in trading on Wednesday, with shares trading at $9.20 per share in the early hours of the afternoon. The biopharmaceutical company, which is focused on developing and commercializing therapeutic products for the prevention of infectious diseases, announced the appointment of Dr. Phoebe Mounts, Esq. as Executive Vice President and General Counsel, reporting to Khoso Baluch, CEO.
Following the appointment, Khoso Baluch, CEO of CorMedix, said, "I am delighted to have Phoebe as a member of the executive team. She has been a trusted legal advisor to the Company since 2013 and has been responsible for developing the FDA regulatory strategies for Neutrolin®. Bringing her in-house will afford CorMedix full-time access to her critical capabilities, which I believe will greatly benefit the Company at this stage of its development."
Creative Realities Inc (CREX), a leading provider of digital marketing solutions, last week announced the Company's plan to report its financial results for the year ended December 31, 2018, after the market close on Thursday, March 28, 2019.
Per the details of the announcement, a conference call with management to review the results is scheduled for Friday, March 29, 2019, at 9:00 am Eastern Time. The call will be hosted by Rick Mills, Chief Executive Officer, and Will Logan, Chief Financial Officer.
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