CORAL GABLES, FL / ACCESSWIRE / February 19, 2019 / The tech stock market has maintained a constant presence in headlines since the beginning of the year because companies in the tech industry have demonstrated, thus far, that they have what it takes to go the distance. In a world with growing inequities, obstacles for progress, and threats to our very existence, it is the responsibility of tech companies to utilize design-thinking and create new forms of technology to both improve our quality of life, as well as assist us in progressing towards the future. If companies in the tech sector continue to operate as they have so far in 2019, the industry may see a significant increase in investors looking to the space for potential opportunities. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (RIOT), Ideanomics Inc (IDEX), and Identiv Inc (INVE) represent four tech companies determined to meet the demands of our developing society.
ParcelPal Technology Inc (PTNYF) (PKG) is a company you may not have heard of but could benefit from doing your homework on. Like many other companies in the industry, ParcelPal was created to solve a problem; improving access to food and other products for their customers. This may seem like common knowledge, but many of us are unaware that millions of people around the world have little to no access to the resources they need. ParcelPal recognized this challenge and sought to adapt and overcome via innovative technological solutions.
ParcelPal Technology Inc (PTNYF) (PKG) created an on-demand marketplace where customers can purchase a myriad of products and, rather than head down to the store, a ParcelPal courier will deliver their items within the hour.
The executive leadership team behind ParcelPal Technology Inc (PTNYF) (PKG) believes that parcel delivery should be as hassle-free as possible, regardless of the business. Its 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."
Riot Blockchain Inc (RIOT) saw impressive gains in the market on Monday, with shares soaring 33.20%, trading at $3.31 per share just before noon. Earlier this month the Company announced that its Board of Directors had implemented several leadership and governance structure changes.
Per the announcement at the time, Jeff McGonegal was named Chief Executive Officer, replacing departing Chris Ensey, who had joined the Company in January 2018 as its Chief Operating Officer and had been appointed interim Chief Executive Officer, in September 2018. In addition to this news, Jeffrey Vormittag, Chief Operating Officer of the Company's wholly-owned subsidiary, Riot Blockchain Canada Inc. announced that he would be leaving the company.
Ideanomics Inc (IDEX), a leading global finch and asset digitization services company, announced in late January that the Company had entered into a joint venture agreement with Beijing Central Finova Financial Service Co., Ltd. to become the exclusive agent for their electric bus tour conversion business, currently targeted to convert up to 800,000 tour buses in China by the end of 2022.
Alf Poor, President and COO of Ideanomics, commented, "this tour bus EV conversion agreement has the potential of reaching a value of RMB 800 Billion and, combined with our previously announced agreement for the NTS City Bus EV upgrade agreement and framework of RMB 260 Billion, positions Ideanomics as a leading green fintech services company, globally. Ideanomics brings a blend of entrepreneurship, technology, and innovation to the consortium, and will register the records of the EV transactions on the Blockchain."
Identiv Inc (INVE) announced towards the end of last week the launch of ICPAM 3.3. Per the Company's announcement, the software update to Identiv Connected Physical Access Manager (ICPAM) will benefit customers, delivering new capabilities, scalability, performance, and reliability.
Mark Allen, Identiv General Manager, commented, "ICPAM 3.3 was developed collaboratively with our large-scale, global enterprise customers, demonstrating Identiv's commitment to customer satisfaction. We remain committed to ICPAM, CPAM customers, and the Cisco VAR and system integrator channel. We are pleased to announce that ICPAM will continue to be sold and supported by Identiv."
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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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