PARCELPAL ANNOUNCES THE PROMOTION OF RICH WHEELESS TO CHIEF EXECUTIVE OFFICER

VANCOUVER, British Columbia, April 06, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce the promotion of Rich Wheeless as its Chief Executive Officer effective immediately. Mr. Wheeless was initially appointed as the Chief Financial Officer of the Company, and now succeeds Kelly Abbott as the CEO, who has stepped down from this role, but will maintain his position on the board of directors of the Company.

Mr. Wheeless has been an active investor, adviser and/or board member for numerous privately held companies. Most recently, he was the CFO of publicly traded company Taal Distributed Information Technologies Inc. (previously Squire Mining Ltd.). Prior to that, he was the Chief Financial Officer for the security software company Rivetz Inc. Previous to that, he was the CFO of LaunchKey Inc. and Pilus Energy, respectively, which were both acquired by publicly traded companies.

Mr. Wheeless also served as the director of finance and assistant treasurer of Xtek Inc. (one of the United States' fastest growing privately owned manufacturers of customer engineered steel replacement parts). He has also held managerial posts at Johnson and Johnson, as well as Cardinal Health, both Fortune 30 companies. Mr. Wheeless originally started his career in the private equity division at Citigroup, another Fortune 30 company. He has extensive experience in the areas of mergers and acquisitions, credit, treasury, corporate finance, financial reporting, and operations.

Mr. Wheeless stated, “I am energized by the opportunity to lead ParcelPal during this pivotal moment for our business and our industry. In a world where people are increasingly utilizing in-home delivery services for their needs, especially as its been further exacerbated by the COVID-19 pandemic, the need for a quality last mile delivery service is greater than ever, and in doing so, I look forward to further increasing revenues, trending to better margins and elevating the Company in numerous respects. We are well positioned to accomplish these and other positive goals, as it has a scalable model, and the experience to execute on this plan.”