CORAL GABLES, FL / ACCESSWIRE / March 28, 2019 / The tech stock market has taken off in the first few months of 2019, namely because of the excitement surrounding companies in the tech industry. The tech sector is home to companies who are actively developing innovative technologies designed to improve the quality of life for consumers. With the advent of new approaches to tech, including big data, artificial intelligence, and machine learning, new companies in the tech sector are attracting investors looking for potential opportunities. ParcelPal Technology Inc (PTNYF) (PKG), JMU Limited (JMU), Safe-T Group Ltd (SFET), and DropCar Inc (DCAR) are 4 tech stocks heating up on Thursday.
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. At a time where society values convenience more than ever, on-demand services are thriving.
ParcelPal Technology Inc (PTNYF) (PKG) last week announced that the Company 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."
JMU Limited, a leading B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, saw its shares enjoy a 30.28% boost to Thursday's trading. The Company's shares were trading at $1.85 per share in the early afternoon.
Earlier this year, in January, the Company received a notice from the NASDAQ Stock Market LLC notifying that the Company was not in compliance with the minimum bid price requirement. It had resulted from the fact that the bid price of the Company's American depositary shares closed below US$1 per share for the last 30 consecutive business days from November 19, 2018, through January 3, 2019. Per the announcement at the time, the Company intends to monitor the closing bid price of its ADSs between now and July 3, 2019, and intends to consider available options to cure the deficiency.
Safe-T Group Ltd (SFET), a provider of Software-defined Access solutions for the hybrid cloud, today announced the launch of a new version of its Software Defined Perimeter solution, designed for Industrial Internet Of Things organizations. The new version extends the Zero Trust network and SDP solution to the world of IOT.
Following the announcement, Eitan Bremler, VP of Technology at Safe-T, said, "today, Zero Trust vendors mainly target humans, but they are exceeded by the number of applications and IOT devices trying to access backend systems and we haven't seen Zero Trust vendors trying to tackle this issue. Recognizing this potential problem, we adapted our Software Defined Perimeter solution to support application-to-application use cases, as well as IOT-to-application, use cases."
DropCar Inc (DCAR), a leading provider of cloud-based "last mile" logistics technology, mobility, and parking solutions, in late-January announced that the Company has more than doubled the total available inventory for its Self-Park Spaces monthly parking subscription program in NYC.
Spencer Richardson, CEO of DropCar, said, "we expect that more than doubling our available inventory of premium garage spaces will have a very positive impact on attracting new monthly customers to our Self-Park Spaces program. Spaces are now available in nearly every neighborhood in the city, giving customers the accessibility of a nearby location when they want to manage their car themselves, while still having the benefit of accessing our network of drivers when they want added convenience."
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MIDAM VENTURES LLC has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to May 1, 2019. 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. Please click here for full disclaimer.
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