LONDON, UK / ACCESSWIRE / September 28, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Wealth Minerals, Silvercrest Metals, American Lithium, and Kootenay Silver. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

At the closing bell on Tuesday, September 27, 2016, the TSX Venture Composite index edged 1.40% lower to finish the trading session at 794.49 on a total volume of 186,535,876 shares exchanging hands for the day.

Active Wall St. has initiated research reports on the following equities: Wealth Minerals Ltd. (TSX-V: WML), Silvercrest Metals Inc. (TSX-V: SIL), American Lithium Corporation (TSX-V: LI), and Kootenay Silver Inc. (TSX-V: KTN). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Wealth Minerals Ltd.

Vancouver, Canada headquartered junior mineral resource exploration company, Wealth Minerals Ltd.’s stock gained 6.15%, to finish Tuesday’s session at $1.38 with a total volume of 345,104 shares traded. Over the last one month and the previous three months, shares of Wealth Minerals, which explores for precious metals, including gold deposits, as well as lithium, have surged 64.29% and 81.58%, respectively. Furthermore, the stock has rallied 590.00% in the past one year. The Company’s shares are trading above its 50-day and 200-day moving averages. Wealth Minerals’ 50-day moving average of $1.02 is above its 50-day moving average of $0.76. See our research report on WML.V at: http://www.activewallst.com/registration-3/?symbol=WML.

Silvercrest Metals Inc.

Shares of Vancouver, Canada headquartered Silvercrest Metals, which explores for precious metal properties and holds interests in the Las Chispas property located in Sonora, Mexico; the Huasabas property located in Sonora, Mexico; the Cruz de Mayo property located in the State of Sonora, Mexico, plummeted 11.20%, to close the day at $2.30. The stock recorded a trading volume of 414,958 shares during the session. The complimentary research report on SIL.V at:

http://www.activewallst.com/registration-3/?symbol=SIL

American Lithium Corp.

On Tuesday, shares in Vancouver, Canada based exploration stage company, American Lithium Corp., ended the session 6.25% higher at $0.51 with a total volume of 1.17 million shares traded. Shares of American Lithium, which engages in the acquisition, exploration, and development of lithium deposits in the Americas, are trading below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $0.85 is greater than its 50-day moving average of $0.56. Register for free and access the latest research report on LI.V at: http://www.activewallst.com/registration-3/?symbol=LI.

Kootenay Silver Inc.

On Tuesday, shares in Vancouver, Canada Headquartered exploration stage company, Kootenay Silver Inc., recorded a trading volume of 193,956 shares. The stock ended the day 4.26% lower at $0.45. Shares of Kootenay Silver, which is engaged in acquiring and exploring mineral properties located in North America, have gained 9.76% in the past three months and 87.50% in the previous one year. However, the Company’s stock has fallen by 4.26% in the last one month. The Company is trading above its 200-day moving average. The stock’s 50-day moving average of $0.49 is above its 200-day moving average of $0.42. Get free access to your research report on KTN.V at: http://www.activewallst.com/registration-3/?symbol=KTN.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446135

LONDON, UK / ACCESSWIRE / September 28, 2016 / Active Wall St. announces its post-earnings coverage on Cal-Maine Foods, Inc. (NASDAQ: CALM). The company posted its financial results for the first quarter fiscal 2017 (Q1 FY17) on September 26, 2016. The Jackson Mississippi-based company’s Q1 FY17 revenues declined 60.7% on y-o-y basis, missing market expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on CALM. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=CALM.

Earnings Reviewed

For the quarter ended on August 27, 2016, Cal-Maine’s reported total sales of $239.85 million compared to total sales of $609.90 million recorded at the end of Q1 FY16. Total sales numbers underperformed market estimate of $274.6 million. The first quarter revenue was affected by a decline of 58% in the average selling prices of eggs together with a drop in co-pack business and a marginal fall in specialty egg volume.

The egg-seller reported Q1 FY17 net loss of $30.94 million, or $0.64 loss per diluted share, compared to a net income of $143.02 million, or $2.95 per diluted share, in the prior-year’s comparable quarter. The company’s net loss for the reported quarter was almost double of the market net loss expectation of $0.33 loss per diluted share.

In his commentary in the earnings results, Dolph Baker, chairman, president, and chief executive officer of Cal-Maine Foods stated:

“Our results for the first quarter of fiscal 2017 reflect a disappointing shell egg market with more challenging market conditions and significantly lower market prices than the first quarter of fiscal 2016.”

Operational Metrics

In the reported quarter, consumer demand remained for eggs were favorable; however, the headwinds in institutional demand for egg products together with declining exports increased the inventory levels higher, creating additional pressure on price. The company sold 242.33 million dozens of eggs in Q1 FY17, lower than 258.77 million in the last year quarter.

In the reported period, specialty eggs contributed 22.9% to total number of shell eggs sold, while it accounted for 46.7% of the total shell eggs revenue. Net average selling price of eggs decline from $2.243 per dozen in Q1 FY16 to $0.95 per dozen in Q1 FY17.

During the reported quarter, Cal-Maine recorded operating loss of $49.83 million compared to operating income of $220.11 million in the year ago comparable quarter. Gross loss for Q1 FY17 came in at $9.57 million versus gross profit of $263.07 million in Q1 FY16.

Cal-Maine experienced higher farm production costs with feed cost inching up to $0.431 per dozen in Q1 FY17 from $0.419 per dozen in Q1 FY16. The company attributed this increase to the ongoing capital improvement and conversion projects.

Egg-O-Nomics

In 2015, the supply of eggs declined due to the outbreak of the avian influenza, or bird flu, which sent price of eggs soaring to all time high. But since then egg prices have tumbled on increased supply as producers looked to cover the loss incurred. The Urner Barry egg price index also hit a decade-low level in the previous quarter.

Source: United States Department of Agriculture (USDA)

As per data provided by USDA in August 2016, egg production was up by 10% y-o-y and totaled 8.58 billion.

Balance Sheet

As on August 27, 2016, Cal-Maine’s had cash and cash equivalents of $306.85 million compared to $389.55 million as on May 28, 2016. Furthermore, the company had reported long-term debt amounting to $8.13 million as on August 27, 2016 versus $9.25 million as on May 28, 2016.

Acquisition

On August 02, 2016, Cal-Maine announced that it was in the process of acquiring assets of Foodonics International, Inc. and its related entities that form the Dixie Egg Company. The company said that the acquisition will provide additional processing facilities of 1.6 million laying hens and feed production together with milling and distribution facilities in Georgia, Alabama, and Florida.

Stock Performance

Cal-Maine Foods’ stock is trading slightly down by 0.68%, closing Tuesday’s session at $40.80 on volume of 943.59 thousand shares. The company’s shares are trading a PE ratio of 6.25 and have a dividend yield of 4.31%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446151

LONDON, UK / ACCESSWIRE / September 28, 2016 / Active Wall St. announces its post-earnings coverage on Vail Resorts Inc. (NYSE: MTN). The company released financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full fiscal 2016 (FY16) on September 26, 2016. The Broomfield, Colorado-based company reported year-over-year growth in its net revenue for both Q4 FY16 and full year FY16, beating market expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on MTN. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=MTN.

Earnings Reviewed

Vail Resorts reported net revenue of $179.88 million in Q4 FY16 which was above $162.08 million recorded in Q4 FY15 and market forecast of $171.4 million. However, the company reported net loss attributable to Vail Resort of $65.27 million, or $1.80 loss per diluted share, in Q4 FY16 compared to a net loss attributable to Vail Resort of $70.14 million, or $1.92 per diluted share, in the previous year’s corresponding quarter. The resort’s net loss attributable to Vail Resort came in below expectation of $1.67 loss per diluted share.

During FY16, the company’s total revenue grew $201.4 million, or 14.4%, y-o-y to $1.60 billion from $1.40 billion in FY15. Net income attributable to Vail Resorts for FY16 stood at $149.75 million, or $4.01 per diluted share, up from $114.75 million, or $3.07 per diluted share, recorded in FY15.

The company attributed the robust year-over-year growth in revenue for FY16 to season pass sales, with growth of 24% y-o-y in units and 29% y-o-y in sales dollar. In FY16, total EBITDA came in at $455.37 million compared to $358.87 million in the year ago period.

Segment-wise

For FY16, Vail Resorts’ Mountain segment recorded revenues of $1.30 billion, which was 18.2% above the $1.10 billion reported in FY15. The season pass revenue increased $46.6 million, or 21.5%, y-o-y during the fiscal year. The segment reported EBITDA of $424.4 million, which was $96.7 million, or 29.5% above $344.10 million reported in FY15.

The company’s Lodging segment reported revenues of $274.55 million in FY16 versus $254.55 million in FY15. The progress in segment revenue for FY16 was attributed to 210 basis point growth in occupancy rate with a 3.5% growth in average daily rate (ADR), which resulted in an improvement of 8.8% y-o-y in revenue per available room (RevPAR).

However, the Real Estate segment net revenues declined $19.2 million, or 46.5%, y-o-y to $22,128 million in FY16 from $41,342 million in the prior year’s period. The segment cash flow came in at $22.0 million, down $6.9 million on y-o-y basis. Meanwhile, the segment’s EBITDA surged 140.3% y-o-y to $2.8 million in the reported fiscal year.

Cash Matters

Vail Resorts had cash and cash equivalents worth $67.90 million at the close of its books on July 31, 2016, compared to $35.46 million as on July 31, 2015. The company had reported debt equity ratio of 1.4 times as on July 31, 2016 and had total debt of $700.26 million as on the closing of books for FY16.

Dividend & Buybacks

The company’s Board of Directors has announced a quarterly dividend of $0.81 per share of its common stock which is payable on October 25, 2016, to all the shareholders registered on records as of the close of business on October 7, 2016. In FY16, the company bought back 485,866 shares for a total of $53.8 million.

Acquisition

On August 08, 2016, the company had entered into a definitive agreement to acquire 100% of the stock in Whistler Blackcomb Holdings Inc. The company informed Wall Street that it had received no action letter from Canadian Competition Bureau and expects to close the deal by the end of this fall following the approval from Blackcomb’s shareholders and any Canadian regulatory approvals.

Outlook

In its guidance for full year fiscal 2017 (FY17), Vail Resorts forecasts Resort reported EBITDA range of $480 million and $510 million and expects Resort EBITDA margin to be approximately 29.7%. Real Estate segment is anticipated to report EBITDA in the range of $2 million and $8 million and is expected to provide cash flow between $10 million and $20 million. For FY17, the company predicts net income attributable to Vail Resorts to be in the range of $165.5 million to $194.5 million.

Stock Performance

Vail Resorts’ share price finished yesterday’s trading session at $155.86, marginally up by 0.04%. A total volume of 1.01 million shares exchanged hands, which was higher than the 3 months average volume of 339.80 thousand shares. The stock has advanced 16.02% and 19.06% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the company has gained 23.27%. The stock is trading at a PE ratio of 40.90 and has a dividend yield of 2.08%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446146

TORONTO, ON / ACCESSWIRE / September 28, 2016 / Amfil Technologies Inc. (OTC PINK: AMFE) announces the closing of the Snakes & Lagers Inc. acquisition. Snakes & Lagers Inc., holds the trade name of Snakes & Lattes Inc., is the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally.

Snakes & Lattes Inc. opened it’s doors in August of 2010 as North America’s first board game cafe in a small space at 600 Bloor Street West, downtown Toronto. The popularity of the location exploded, forcing Snakes & Lattes to expand into the neighboring space at 602 Bloor Street West and then once again to 604 Bloor Street West, resulting in a 5000 sq. ft location with a seating capacity of 150 seats. A second 7500 sq. ft location was opened at 489 College Street. With a seating capacity of 240, this location is perhaps the largest board game/cafe bar in North America, feeding patrons with a vast library of board games, food, cafe and alcoholic beverages.

Snakes & Lattes Inc. is also a seller of board games and other related products through their retail locations as well as online. Due to high demand, Snakes & Lagers acquired a warehouse space to store and manage the logistics of the deliveries.

Amfil Technologies Inc. (AMFE) anticipates a conservative estimate of $2-$3 Million of immediate annual revenue which will be reflected on the Q2 financials. Further to the popularity of the current Snakes & Lagers locations and online sales, Amfil Technologies Inc. has received a great deal of interest from entrepreneurs throughout North America, looking to purchase Snakes & Lattes franchises since the release of the LOI in April 2016. Amfil Technologies Inc. anticipates the revenue estimates of $2-$3 Million to grow considerably through the expansion of the retail, online and franchise divisions.

For more information on the company, feel free to visit our website at www.amfiltech.com.

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results, such as the Company’s ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

CONTACT:

Roger Mortimer
President
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com

SOURCE: Amfil Technologies Inc.

ReleaseID: 446126

VANCOUVER, BC / ACCESSWIRE / September 28, 2016 / Klondike Gold Corp. (TSX.V: KG; FRA: LBDP) (“Klondike Gold” or the “Company”) provides an update of ongoing drilling currently at the Lone Star target, plus reports diamond drill assay results from the Dominion target and the Nugget Zone at the Company’s Klondike Project located near Dawson City, Yukon Territory.

SUMMARY

Drilling is underway testing the newly remapped and sampled Lone Star target. Six drill holes are complete; the first four have been examined and contain visible gold. A total of 15 holes are planned across a 700 meter strike length. Surface grab samples with visible gold and assays outside the Lone Star area extend the target to both east and west.
Nugget drilling yields 3.3 g/t Au over 11.93 meters including 8.2 g/t Au over 3.3 meters in EC16-55; a 20 meter step-down behind EC16-32 which intersected 5.1 g/t Au over 14.34 meters. Also, EC16-54 intersected 336.6 g/t Au over 0.22 meters.
Dominion drilling intersects 15.4 g/t Au over 0.34 meters in DM16-01, and 1.7 g/t Au with 162 g/t Ag over 1.5 meters in DM16-08.

Drilling Update

Drilling is underway at the western end of the Company’s 50 km long property at the Lone Star target, in the vicinity of Eldorado Creek, following completion of the recent financing (see news release September 13, 2016). The Company plans to drill approximately 15 holes totalling 1,500 meters at Lone Star.

About Lone Star Target

The Lone Star target is a broad 300 by 400 meter area of historical trenching and mostly reverse circulation drilling surrounding the Klondike-era Lone Star mine (c.1910-1912). The Company has recently completed mapping, sampling, and re-interpretation of historical results and identified a prospective east-west trending gold-mineralized quartz vein array corridor through the Lone Star target area. Sampling outside the historically known area of surface mineralization to both the west and east has expanded the length of gold-bearing veins to a total of 700 meters strike length. At the western end, four new non-representative grab samples of quartz veins had gold with silver assaying from 1.8 g/t Au to 46.9 g/t Au with 5 to 21 g/t Ag. At the eastern end, five new non-representative grab samples of quartz veins had gold with silver assaying from 2.8 g/t Au to 12.4 g/t gold with 18 to 39 g/t silver. In the middle of the Lone Star target area, a quartz vein discovered by the Company in 2015 had gold assays of 1,766 g/t Au, 1,007 g/t Au, and 831 g/t Au with corresponding silver assays of 400 g/t Ag, 237 g/t Ag, and 205 g/t Ag respectively. (See news release dated January 14, 2015.) Prospecting grab samples are selective in nature; systematic test results may vary significantly.

The geology of Lone Star gold mineralization and veining is interpreted to be lithologically and structurally similar to the Nugget Zone target. The objective of this initial drill program is to test the 700 meter Lone Star corridor for consistent gold mineralization at shallow depths, and also to apply a working model of mineralization from Nugget Zone to the Lone Star area with the intention, if successful, of applying this model on a district scale.

Nugget Zone Drilling Assays

Assays have been received for 7 shallow holes from new drilling recently completed around the Nugget Zone. Significant results include:

Eastern End of Nugget Zone

Drill hole EC16-55 intersected 3.3 g/t Au over 11.93 meters, including 8.2 g/t Au over 3.3 meters. EC16-55 is a 20 meter step-down behind EC16-32, drilled previously, which intersected 5.1 g/t Au over 14.34 meters (see news release July 14, 2016).

Central Nugget Zone

Hole EC16-54 tested an apparent flexure or 25 meter fault offset in the Nugget vein array and intersected 336.6 g/t Au over 0.22 meters and also 2.0 g/t Au over 5.29 meters. EC16-53, drilled 25 meters above EC16-54, intersected 2.1 g/t Au over 0.85 meters in similar veining.

Gold mineralization in quartz vein arrays has been intersected at shallow depths over a strike length of 125 meters at Nugget Zone between holes EC16-54 in the center and holes EC16-32 and EC16-55 in the east. The geometry outlined to date is one of an elongate tube, outcropping in part, that has true widths of 5 meters to 15 meters. Detailed mapping has revealed centimeter to 10-meter scale northeast late faults which simply offset the continuous northwesterly trending gold mineralization; the ‘flexure’ or ‘fault’ tested by EC16-54 is a probable example.

A summary table of all drilling intersections is tabulated on our website HERE. A plan map, plus section maps, of Nugget Zone drilling and interpreted geology highlighting the recent drill holes is on our website HERE. All intersections approximately represent the true width of the zone.

Dominion Drilling Assays

Assays have been received for all 10 holes from reconnaissance drilling the Dominion area (see News Releases July 14, 2016 and August 10, 2016) which in general returned sporadic high gold results similar to the Violet Ridge area. Two holes had interesting results:

15.4 g/t Au over 0.34 meters intersected in DM16-01. This hole drilled under the main historic shaft.
1.7 g/t Au with 162 g/t Ag over 1.5 meters in DM16-08 drilled under a second shaft 450 meters away from the first.

Holes generally intersected quartz veining with anomalous lead-silver values but, like at Violet, gold contents in these were present but low. A summary table of all drilling intersections is tabulated on our website HERE.

Regional Targets

District-scale exploration beginning with regional mapping and prospecting has commenced with initial efforts directed at the newly acquired claims at the eastern end of the Company’s 50 km long property, focussing on documenting the distribution and character of lithologies, metamorphism, and gold mineralization. This work is expected to generate drill targets which will be prioritized for future drilling.

Corporate Activities

Klondike Gold has been invited to speak at the Subscriber Investment Summit in Vancouver on October 11, 2016 sponsored by Eric Coffin (HRA Advisories), Keith Schaeffer (Oil and Gas Investments Bulletin) and Tommy Humphreys (CEO.ca). Klondike Gold has also been invited to speak at the Metals Investor Forum on November 12 and November 13, 2016 hosted by Joe Mazumdar (Exploration Insights), Gwen Preston (Resource Maven), Eric Coffin (HRA Advisories), John Kaiser (KaiserResearch.com), Jay Taylor (Jay Taylor’s Gold, Energy and Tech Stocks) and Jordan Roy Byrne (TheDailyGold.com).

For 2016 drill core sampling and assay protocols, see news release dated July 14, 2016 or the company’s website.

Peter Tallman, Klondike Gold’s President and CEO, a Qualified Person as defined by NI43-101, has supervised, reviewed and approved the scientific and technical information contained within this news release.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

On behalf of Klondike Gold Corp.

“Peter Tallman”
President and CEO
(604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”

SOURCE: Klondike Gold Corp.

ReleaseID: 446121

CITY OF INDUSTRY, CA / ACCESSWIRE / September 28, 2016 / Sugarmade, Inc. (OTC:SGMD), today announces its plan to introduce Sriracha Seasoning Stixs under its licensing agreement with Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce.

Sriracha Seasoning Stixs are encapsulated Huy Fong Sriracha Sauce and other seasonings in the form of a “stick” which are inserted into meat, fish and poultry prior to cooking. Sriracha Seasoning Stixs are a hard solid at room temperature, but as heat is applied the sticks begin to liquefy allowing the meat fibers to act like a sponge absorbing all the delicious Sriracha flavors.

Jimmy Chan, CEO of Sugarmade commented, “We are honored to be associated with Huy Fong Foods by way of our new licensing agreement. Sriracha Seasoning Stixs will bring the delicious spiciness of Sriracha to the market in an entirely new way. It’s seasoning meat, fish and poultry with Sriracha from the inside out.”

Sugamade plans to announce several unique Sriracha blend formulations under its distribution agreement with Seasoning Stixs International over the next few weeks with products available to Sriracha lovers worldwide by the end of this year.

About Sugarmade, Inc. (OTC: SGMD)

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. The Company is an official licensee of Irwindale, California-based Huy Fong Foods, Inc., the maker of Sriracha Hot Chili Sauce. Sugarmade’s other brands include CarryOutSupplies.com, Sugarmade Tree Free Paper and the FreeHandâ ThumbTrayâ. For more information on the Company’s products, please visit www.Sugarmade.com.

About Seasoning Stixs International

Seasoning Stixs are a new way to season meat, fish and poultry. Applying seasoning to the outside of meat does nothing to season the inside of meat and marinades are messy, time consuming and generally ineffective. Already award three U.S. patents, Seasoning Stixs represent a third methodology that enables anyone to easily impart fantastic flavors directly into food. For more information on Seasoning Stixs, visit www.seasoningStixs.com.

For inquiries please contact Jimmy Chan at (888) 982-1628 or info@Sugarmade.com.

SOURCE: Sugarmade, Inc.

ReleaseID: 446119

Portsmouth, Ohio’s Yost Labs announces the shipment of the highly anticipated PrioVR™ Dev Kit

PORTSMOUTH, OH / ACCESSWIRE / September 28, 2016 / After three years of research and development the first units of Yost Labs‘ much-anticipated PrioVR™ Dev Kit have shipped, marking an important milestone for the Southern Ohio startup and a significant innovation in human-computer interaction. The patented technology uses the company’s advanced inertial motion sensors to offer a room-scale immersive full-body virtual reality (VR) experience.

The PrioVR Dev Kit’s 19 inertial motion sensors are embedded in a suit that translates the wearer’s physical movement into digital information. The suit can be used to navigate and interact within virtual reality environments, providing a more immersive experience than previous VR interface technologies that are limited to tracking head and hand movement. Yost Labs is now fulfilling orders to over 1,000 developers around the world that have pre-paid to be among the first to get the PrioVR Dev Kit.

Beyond VR applications, the PrioVR Dev Kit smashes price barriers as a motion capture system useful for creating animated characters in movies and video games, and even has application as a research tool for biomechanics and physical therapy. The system comes with a suite of software for developers including an open source programmer’s interface, MoCap Studio™ software for motion capture, plug-ins for popular game development engines (Unity and Unreal) and several demo games.

“The PrioVR Dev Kit is a technology platform that allows for complete tracking of a person’s body, with minimal lag – a major step forward in blurring the line between the real world and virtual reality. It’s a more natural, immersive experience than has been possible with previous technologies,” said Yost Labs Founder and CTO Paul Yost.

“This is an exciting time in the evolution of human-computer interaction. We are moving beyond keyboards and mice and glowing rectangles. Head-mounted displays such as the Oculus and the Vive have opened everyone’s eyes to the great promise of VR. Room-scale immersive VR is another big step toward true social telepresence. With our launch of the PrioVR Dev Kit, Yost Labs has established itself as a technology leader in this revolution,” said CEO Greg Merril.

About Yost Labs

Yost Labs is one of Ohio’s fastest growing technology companies. The company is internationally recognized as a leader in advanced inertial motion sensor technology. Yost Labs has created inertial motion sensor fusion firmware that is 10x the computational efficiency of previous technologies – resulting in miniature MEMS sensors with low latency, low energy, and low heat. Applications range from human motion tracking in virtual reality to drone navigation. Our technology is sold as either a firmware license or as complete sensor units. Yost Lab’s sensors are displacing older technologies and are now standard components for the US Navy and US Air Force target drones as well for the Army Corps of Engineers Geospatial Mapping initiative. Yost Lab’s innovation has been recognized with five patent awards with numerous additional patent applications pending. The growing list of customers includes technology giants in computing, industrial equipment, robotics, and AR/VR.

Media Contact:

Name: Melissa Hoople
Phone: (740) 876-4936
Email: mhoople@yostlabs.com

SOURCE: Yost Labs

ReleaseID: 445989

KELOWNA, BC / ACCESSWIRE / September 28, 2016 / Laguna Blends Inc. (CSE: LAG) (OTC: LAGBF) (Frankfurt: LB6A.F) (the “Company” or “Laguna”), a network marketing company, announces that it has retained the digital marketing expertise of ArDoMi Media Group and C&I Studios to increase market awareness of the Company’s line of functional beverages made from high-quality hemp protein. ArDoMi Media Group is collaborating with C&I Studios to launch an initial marketing campaign for Laguna Blends.

C&I Studios has worked with clients such as Polaroid, Nike, P&G, Sony, Universal, ESPN, lululemon, Coca Cola, American Apparel and more.

Los Angeles-based ArDoMi Media Group specializes in digital marketing and branded content, and has successfully developed and launched national and international marketing campaigns for industry-leading clients such as Nike, Adidas, Snickers, Verizon, Spark Communications, Greenpeace, Amnesty International, P&G, Comcast and others.

For Laguna Blends, this caliber of branding and marketing expertise provides the opportunity to increase brand visibility in both targeted and unexplored markets. The initial media campaign’s production shoot date is scheduled for October 7th and 8th 2016 in California.

“Having been immersed in the plant-based product world for years, I am excited to present Laguna Blends to the marketplace and promote its industry-leading products, bridging my experience that ranges from traditional forms of advertising to social media campaigns. We look forward to introducing Laguna Blends to many more mainstream consumers,” says Herb Dogan, partner and founder of ArDoMi Media Group and I-rey, Inc.

Joshua Miller, Executive Director of C&I Studios said, “We are excited to partner with ArDoMi Media Group for the production of the Laguna Blends Media Campaign. It’s not often that you find such a creative group of individuals to work with as well as such innovative products to rally behind. Producing this shoot in Los Angeles, California is going to be an amazing spring board to already exciting products. This will for sure be a campaign to keep your eyes on.”

“We continue to see increasing awareness and acceptance of the vast health benefits of hemp, and our goal at Laguna Blends is to elevate our marketing strategies to become a leading supplier of hemp and CBD products. We are excited to partner with ArDoMi Media Group and C&I Studios to enhance our business profile and take the Laguna Blends brand to the next level,” says Laguna Blends CEO Stuart Gray.

Ray Grimm, President of Laguna Blends said, “Branding is critical and ArDoMi has the knowledge and expertise in bringing new products into the market through their marketing and social media campaigns. We are pleased to be partnering with both ArDoMi and C&I Studios, world class Marketing and Media Companies.”

Functional Beverage Products

“Caffe” is an instant, “just add water” hot coffee beverage that is infused with both whey and hemp protein. With 2 grams of protein in every serving, Laguna’s proprietary product packs a powerful protein punch. Caffe, contains Instant coffee, whey protein hydrolysate, hemp protein, natural flavors.

“Pro369” is a single serving, “on-the-go,” plant based, instant, hemp protein that is served cold and comes in 4 delicious flavors. Pro369 is water soluble and can be directly mixed in water, added to milk, almond milk or coconut milk. Pro369 can also be blended in a shake or smoothie. Pro369 is also a source of Omegas, 3, 6 and 9 and contains ginseng.

Laguna Blends has been granted approval from Health Canada for four powdered Pro369 flavours: Chocolate Banana, Mixed Berry and Vanilla Caramel and Tropical Powder. Pro369 contains Hemp protein, natural flavors, stevia, and American ginseng.

The Minister of Health from Health Canada has granted Laguna a product license along with a Natural Product Number (“NPN”) for all four of the Pro369 Flavours. They are all listed under the same NPN.

A source of protein that helps build and repair body tissues.
Source of amino acids involved in muscle protein synthesis.
Assists in the building of lean muscle.
An adaptogen to help maintain a healthy immune system.

Supportive therapy for the promotion of healthy glucose levels.

HempOmega®

HempOmega® is an environmentally sustainable, vegetarian source of Omegas 3 and 6 that boasts a superior nutrient profile. A water soluble, homogenous, powdered ingredient, it can be easily integrated and/or manipulated, with no unpleasant taste or chemical contamination – opening up entirely new product formulation opportunities. Hemp Omega’s greater ability to endure the digestive process delivers unmatched bioavailability, thereby maximizing its potential health benefits.

Hemp has long been recognized by the health and nutrition industry as a super food, cited in many publications as a balanced source of all ingredients required to achieve health and wellness.

CannaCeuticals, CBD Skin Care Products

“CannaCeuticals” Swiss heritage is at the core of Canna’s revolutionary skincare products. It’s pure, cosmeceutical-grade CBD extract hails from the crisp, clean air of Switzerland, but Canna’s heritage goes much further than that. Swiss culture is known for its precision and perfectionism, and CannaCeuticals radiates that same standard in every formula it produces. Canna’s team of formulators are made up of chemists and product developers that analyze every detail, sourcing ingredients from all ends of the earth to create the most balanced, highly efficacious, anti-aging CBD skincare products in the world.

CannaCeuticals CBD7 anti-aging skincare products incorporate cannabidiol (CBD), a superior antioxidant and a potential anti-inflammatory agent, both of which are significant in anti-aging. Canna’s Swiss heritage influences a sense of unity in its products, and it combines CBD with other essential anti-aging ingredients to create formulas that pack a powerful punch.

Clinical trials were conducted by BioScreen Testing Services, Inc., a third party FDA approved lab located in the USA. The test subjects that used the Cannaceutical facial serum noticed a 100% overall improvement of the skin appearance within a two-week period.

Laguna has signed a distribution agreement with ISO International, LLC, a transaction under which Laguna has acquired the exclusive right to market, promote and distribute seven CBD skin care products of CannaCeuticals of California, USA (“Canna”)

About C&I Studios

We create media to do our part in changing the world. While we do not have millions of dollars in the bank, trust funds or, wealthy parents, we have cameras, pencil and pens and ideas. We believe that we have a responsibility to use media to change the way people view themselves and the world. C&I Studios has worked with clients such as Polaroid, Nike, P&G, Sony, Universal, ESPN, lululemon, Coca Cola, American Apparel and more https://c-istudios.com/.

About ArDoMi Media Group

ArDoMi Media Group is a digital marketing and branded content company based out of Los Angeles, CA that caters to companies and businesses of all scopes. The marketing firm primarily provides quality content for companies looking to increase brand awareness in unexplored markets. ArDoMi Media Group and the I-rey, Inc. team have marketed, produced, planned and executed national and international marketing campaigns for clients such as Nike, Adidas, Snickers, Verizon, Spark Communications, Greenpeace, Amnesty International, P&G, Comcast and many more. For more information, visit www.Ardomi.com.

About Laguna Blends Inc.

Laguna is a network marketing company that generates retail sales through independent affiliates. Affiliates utilize tools and technology that enable them to build an international business from their own home or anywhere else in the world. This technology replaces the need for expensive travel and hotel meetings.

The Company is currently focused on the nutritional health benefits derived from hemp and CBD’s. The Company currently sells its products through its independent affiliates in the USA and Canada.

HempOmega® is a Trademark owned by Naturally Splendid Enterprises, Ltd. and is used under license by Laguna Blends Inc.

ON BEHALF OF THE BOARD

“Stuart Gray”
Chief Executive Officer

CORPORATE COMMUNICATIONS:

Howe & Bay
Suite 600 – 535 Howe St.
Vancouver BC
V6C 2Z4
1.604.449.5302

COMPANY:

Laguna Blends
ir@lagunablends.com
www.lagunablends.com
https://cbdskincream.com/

Join Us On Face Book: https://www.facebook.com/LagunaBlends/
Twitter: @LagunaBlends

Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company’s products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward looking statements or forward-looking information in this news release. The statements in this news release are made as of the date of this release.

SOURCE: Laguna Blends Inc.

ReleaseID: 446133

VANCOUVER, BC / ACCESSWIRE / September 28, 2016 / ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (CSE: PKG) has now launched their Shopify Inc. (NYSE:SHOP) (TSX:SH) (“Shopify”) beta plugin to enable eCommerce retailers on the Shopify platform the ability to offer ParcelPal as a same day or on-demand shipping method. Shopify is an e-commerce platform provider that gives retailers everything they need to build and operate a successful online store. According to Shopify’s recent financial records, available on Shopify’s EDGAR profile at https://www.sec.gov/edgar/searchedgar/webusers.htm, Shopify currently has over 300,000 merchants in North America.

A recent report from Haywood Securities Inc. states that Canada’s eCommerce growth is expected to reach $50 billion dollars by 2019, up from approximately $29.6 Billion in 2015 (Haywood Securities Inc., Technology Industry Report dated June 28, 2016, “A View Into Three of Vancouver’s Private E-Commerce Companies”.)

Local Vancouver businesses using the Shopify platform can now integrate with ParcelPal by simply downloading and installing the beta plug-in either directly from the Shopify app store or via the ParcelPal website here: https://send.parcelpal.com/shopify-app-install. As Vancouver’s first and only “Uber for package delivery” ParcelPal has now enabled consumers to have their goods delivered either within the same day, or on-demand with participating merchants.

The Company has already begun planning the development of additional eCommerce plug-ins for other eCommerce platforms such as: Magento, PrestaShop, BigCommerce, WooCommerce and Etsy. The Company plans on recruiting drivers and scaling operations in various cities throughout Canada where eCommerce retailers are located in addition to their current service.

President and COO Kelly Abbott states, “Consumer expectations are extremely high and ever-changing, therefore merchants face multiple challenges with fulfilling orders quickly and cheaply enough to maintain customer retention. In addition to our API Integration, the Shopify app has completely solved these problems for merchants whereby orders can be fulfilled the same day and, the costs can be passed along to the consumer for our service. Many eCommerce merchants will in fact become more competitive and have the ability to fulfill orders faster, thus gaining competitive advantage. It is the Company’s view that, in many respects, the continued growth of eCommerce is likely to depend on goods consistently and efficiently arriving in the consumer’s possession on time and at the right price, which ParcelPal has now made possible.”

The Company’s CEO Jason Moreau states, “Consumers are very excited that they now have the ability to select ParcelPal as their same day and on demand delivery option in Vancouver. Shopify merchants are pleased with the service as they know customers want their order fulfilled and delivered quickly for much less.”

About ParcelPal Technology Inc.

ParcelPal is an iPhone, Android and desktop computer service enabling businesses and individuals to quickly and affordably have items delivered locally though crowd-sourced couriers. The Company offers same-day delivery of merchandise for leading retailers in Vancouver and soon in major cities Canada-wide.

ParcelPal: www.parcelpal.com

The Canadian Securities Exchange (“CSE”) or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

CSE – Symbol: PKG

Shares issued: 26,554,558

Contact: Kelly Abbott, President, ParcelPal Technology Inc. – (778) 237-5212

Forward Looking Information

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company developing eCommerce plug-ins for Magento, PrestaShop, BigCommerce or WooCommerce, expanding into additional markets and scaling operations, the expansion of the eCommerce market, the delivery of packages within stated timeframes, the consolidation of the eCommerce market onto mobile platforms and the growth of the eCommerce market. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to develop additional eCommerce plug-ins, the ability of the Company to recruit drivers, whether the Company can scale operations where eCommerce retailers are located, the expansion of the eCommerce market into mobile platforms, the ability of the Company to deliver packages within stated time frames and the continued growth of the eCommerce market.

Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, ParcelPal does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SOURCE: ParcelPal Technology Inc.

ReleaseID: 446120