CORAL GABLES, FL / ACCESSWIRE / March 4, 2019 / The future of tech stock market is uncertain just like the future of mankind is largely uncertain. However, we can find solace in the fact that companies in the tech industry are working to develop innovative products and services, all of which with the intention ultimately improving the quality of life for consumers. As we've seen over the last few years, tech companies have invested resources in artificial intelligence, automation, quantum computing, and augmented reality to pioneer technologies to drive society into the future. If companies in the tech sector continue as they have been, this may drive potential investors towards the industry. ParcelPal Technology Inc (PTNYF) (PKG), Trevena Inc (TRVN), China Finance Online Co. Limited (JRJC), and Luna Innovations Incorporated (LUNA) represent 4 tech stocks on the rise on Monday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company purposed with connecting consumers to the goods they love. The Company is focused on improving the lives of their customers through their on-demand marketplace where customers can purchase what they need and have their goods delivered within an hour.
ParcelPal Technology Inc (PTNYF) (PKG) announced just before the end of February that Brian Storseth had joined the Company as Chairman of the Board of Directors. Prior to his work with ParcelPal, Mr. Storseth was a Member of Parliament (MP) for the electoral district of Westlock-St Paul for the Conservative Party of Canada for 9 years from 2006-2015. During his tenure as an MP, he served on committees for Aboriginal Affairs, Agriculture and Agri-food Canada.
Following the announcement, Kelly Abbot, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG) said, "Brian is an incredibly accomplished business leader and policy expert, having spent 9 years in Ottawa in the House of Commons. He is intimately familiar with ParcelPal's business, our plans for future expansion and will be an invaluable asset moving forward as we navigate multiple opportunities across various Government entities, namely within the Ontario market. We are excited to leverage his network, experience, and leadership to assist with our national expansion plans."
Trevena Inc (TRVN), a biopharmaceutical company focused on the development and commercialization of new and innovative treatment options for patients in pain, today announced that the Company will release its financial results for the fourth quarter and full year ended December 31, 2018, before the market opens on Wednesday, March 13, 2019.
In addition to providing these results, The Company will host a conference call and webcast with the investment community on Wednesday, March 13th at 8:00 a.m. Eastern Time featuring remarks by Carrie Bourdow, President and CEO, Mark Demitrack, SVP, and Chief Medical Officer, and John Hamill, VP of Finance.
China Finance Online Co. Limited (JRJC) saw impressive gains in the market on Monday, with shares up 38.93%, trading at $1.81 late in the afternoon. Back in January, the Company announced that it had signed a strategic partnership agreement with Founder CIFCO Futures Co., Ltd., a leading futures brokerage firm in China.
Per the details of the partnership agreement, both parties will collaborate and explore in the development of a more advanced trading system, smart news alerts of the market, a cloud-based research platform and industry forums.
Luna Innovations Incorporated (LUNA), a global leader in advanced fiber optic-based technology, today announced its financial results for the three months and fiscal year ended December 31, 2018.
Following the announcement, Scott Graeff, President, and CEO of Luna, said, "our strong financial results underscore how we have executed on our strategy to realign Luna's business to focus on our core, fiber optic-based test, and measurement offerings. We've identified and acquired new businesses to complement our existing platforms and have been committed to divesting those businesses that no longer fit our growth profile as an organization."
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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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