As the looming Canada Post strike approaches, businesses are scrambling to find alternatives to deliver general mail and packages to customers. Vancouverites will be the exception because of a startup company called ParcelPal Technology (CSE: PKG), the Company will deliver your mail for not much more than the cost of a few stamps and get it to the destination in less than an hour in most cases.
ParcelPal recently launched in Vancouver as a beta trial to determine whether there was an essential need for a rapid delivery service with ultra low delivery costs. The UBER style Android, iPhone and Web App enables everyday people to become couriers and earn extra cash by making a quick detour to pick up a package and drop it off near where they’re going anyway.
President and CEO Jason Moreau stated in a telephone interview that “the technology behind ParcelPal can handle thousands of simultaneous deliveries; this will enable the company to expand rapidly across Canada in 2016 and into the USA for 2017.”
That’s good news for Canadians; ParcelPal is already accepting applications for delivery people in other Provinces and there seems to be no shortage of people willing to work. The Company received nearly 1500 applicants in a few months in Vancouver alone, potentially making ParcelPal the largest regional courier service in Vancouver. The National roll-out could position the Company to be a serious contender against traditional couriers like UPS, Purolator and FedEx.
We tested ParcelPal out by having 20 letters delivered to various addresses in the Vancouver Lower Mainland area. It took all of about 2 minutes to register on the ParcelPal website and another 10 minutes to punch in the 20 delivery addresses. Within 45 minutes there were couriers at the door for the pickup and off they went. We could track them online and virtually all the letters were delivered under an hour for $4.00 each.
ParcelPal Technology is a public company trading on the Canadian Securities Exchange under the stock symbol PKG and is a component of the CSE Composite Index. The company trades at around $0.22 cents with a 52 week high of $0.29.