CORAL GABLES, FL / ACCESSWIRE / February 12, 2019 / The tech stock market has maintained its preeminence because the tech industry has been hot with exciting news over the course of the last few years. We've seen everything from self-driving vehicles to drones deployed to deliver our online purchases, all of which serve as a magnetizing force for investors. Though consumers in the tech market may be unaware of the fiscal occurrences on a corporate level, they are surely familiar with the products and services being released from their favorite companies. 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), ADMA Biologics Inc (ADMA), BEST Inc (BSTI), and Semiconductor Manufacturing International Corporation (SMI) represent four companies determined to innovate towards the advancement of the tech sector.
ParcelPal Technology Inc (PTNYF) (PKG) is in full recognition of the potential opportunities afforded to companies which focus on developing nuanced technologies to alleviate the stressors felt by people on a daily basis. Specifically, as it relates to ParcelPal, the Company saw a need and figured out a way to fill it. 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."
ADMA Biologics Inc (ADMA), a vertically integrated commercial biopharmaceutical company that manufactures, markets, and develops specialty plasma-based biologics for the treatment of immune deficiencies, today announced that it has entered into a senior secured term loan facility with Perceptive Advisors for up to $72.5 million under two funding tranches.
Adam Grossman, President and Chief Executive Officer of ADMA, said, "as an existing equity holder in ADMA, Perceptive has an appreciable understanding of our business, and we believe that providing this loan facility demonstrates their confidence in our business and future prospects. This access to capital, combined with the potential FDA approvals of our product candidates, will allow us to increase our manufacturing activities, initiate building additional plasma collection centers, and prepare for the potential commercialization of BIVIGAM® and RI-002 this year."
BEST Inc (BSTI), a leading global smart supply chain and logistics solutions provider, announced earlier this month that the Company's ticker symbol on the New York Stock Exchange will soon change from "BSTI" to "BEST," effective at the start of trading on February 19, 2019.
Following this announcement, Johnny Chou, Chairman and Chief Executive Officer of BEST, commented, "we are excited to be able to align our NYSE ticker symbol with the 'BEST' brand name which provides us with better visibility and consistent recognition with public investors and across all our stakeholders."
Semiconductor Manufacturing International Corporation (SMI) saw impressive gains in late-morning trading on Tuesday, with shares up 7.87%, trading at $5.21 per share. The Company announced its consolidated results of operations for the three months ended September 30, 2018, just before the new year.
At the time of the announcement, Dr. Zhao Haijun and Dr. Liang Song, SMIC's Co-Chief Executive Officers, commented, "with the support of our customers and the efforts of our colleagues, our third quarter performance was in line with guidance. When excluding revenue from technology licensing, revenue from our China region continued to grow 40% year over year, and 5% quarter over quarter. Wireless communications, power management, and fingerprint IC applications were the major growth drivers. Looking at the full year, our annual revenue target remains unchanged."
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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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