 And welcome back to the independent investor channel special treat here friend of the channel has been for quite a while It is wheels rich wheel as he is the CEO parcel pal Here moving into 2024 exciting news press release just hot off the press Today he has been kind enough to take a few moments out of his busy schedule update the viewers to the channel I've had some interest come my way In in asking about where parcel pal is here in 2024 Rich has been kind enough to come on and provide that update direct to you guys Rich as always welcome to the channel man. I'll turn it over to you for today's today's really exciting news rich Appreciate your time. Thank you Ryan as always and pleasure to talk to you audience as well So no we put it we dropped some great news yesterday we're in the midst now of scaling up this warehouse and deal and We've actually sent over some of the first properties to our partner over in Asia And now we are gonna be spending some more this weekend that we found that have heavy power Which that's been the bottleneck to actually getting this deal done. So we're getting we're getting closer I'm actually excited about this deal because given where crypto is right now and you see that I think it's up What 25 20% this week alone, you know, these guys want these machines in the facility So, you know, this is gonna be a great deal. I'm looking forward to actually commencing this deal and getting us done here really really soon Now, this is a shift a little bit. Do you have been restructuring polishing, you know, making moves in this company? I've got to commend you rich and really not getting a lot of reciprocation in the stock market as you do allude in your press release Got to be frustrating but equally to commend you on on staying hungry and really Would you consider this a little bit of a rebranding a shift of of business focus? How would you codify this so that our you know investor base and our viewers and followers of your message can understand What you're looking to do here and how that will unfold in 2024 and beyond Sure, I mean we look at it as a shift. I mean you really go where the market taught I mean what this deal is it's a warehousing deal But no different than you know when COVID hit the beginning and we went heavy into meal kits and Groceries and retails because people at home. We saw a big boom and that you know pharmaceutical supplies as well because people weren't going out So we saw a big uptake in that so we're going where the market's hot and this is you know This is a great deal because again if you look at where there's three main components of this industry You need the chips you need the miners you need the facilities you need the power and you just you need these going and then they They produce, you know Bitcoin and other crypto whatever you're mining for and then you're off to the races So the nice thing is again these guys want these machines up and running and they've been knocking on our doors And hey guys, you got to find these properties, but it hasn't been the easiest to find heavy power Places as well that are ready to go. So the nice thing is that we've actually Kind of made a lot of progress on that in the last in the last few weeks I'm excited to hopefully get this thing started here within the next in the next month Now in the next one things that have Need to happen to actually get that done But you know the biggest piece is finding the facility then you have the negotiations with the power company you got to get You know the shell the shelving in all that kind of stuff like that and at that point It's really just a logistics plane. Guess what we're logistics company. So We could actually we could get those. Yeah, so it's But no, this is an exciting deal I mean if you look at just the you know the market cap of you know hud eight and hive And go look at those companies I mean This could be similar play to kind of where those guys are going as well And you know, I'm looking at the first part of this deal in this partnership that we're doing You know with this asian company You know, this is just the first piece of it. There's going to be some other place. So I think on a larger scale This company's going to look much different here in the next you know The next six to twelve months than what we're than what we're doing right now And as I've alluded to in past interviews with you The actual last mile delivery the boxes and that kind of stuff taking stuff from warehouses to you know And users houses like you and the people who are watching this video That's only going to end up being a small percentage of our revenue probably five ten percent here at some point I think by the time, you know, I believe if we can really get this deal to where it needs to be And it's you know, it's endless I was going through just modeling it out for just you know for some of this and I you know I had the biggest smile on my face. So it's it's it's exciting man. This is a you know, and Especially if you look back at for some of those who don't know what I did before this I was a cfo of a company called squire mining And we made the ace of chips for miners and we did really well And that as well because the market had a really big bull run We took advantage of that as well by you know, like I said, you provide the picks and shovels And that's in a way we're providing the picks and shovels except we're providing The space for the picks and shovels. That's really what we're doing and you do that let the people mind for bitcoin and This is this works. It's a great deal. The margins are high as well And here's the other thing the difference between this and sorry, this is a little bit of a long-winded answer That you don't need all the people you don't need the trucks You don't have to have the petrol for the vehicles Like you don't need all the other stuff that you need in the in the base business that you see So we're not dependent on a lot of the general market conditions and overall economic conditions The one outlier the one thing that this deal relies on is You know, really the price of bitcoin as long as the price doesn't drop below 10,000 Dollars then you know, this is something that's going to be done And I see this going to you know 100,000 dollars here in the next probably six months in terms of The price of bitcoin So yeah the the momentum in the market. I told you behind the scenes when we spoke today So there's um, not a lot that's hotter than the u.s. Stock market right now Except for cryptocurrency. Um, and that that is not a bold statement and You know, if i'm a new investor and i'm looking at this opportunity I've covered your stock now for multiple years rich. I really have and I think as far as the stock has has digressed Yeah, this is the time where people really need to look at the disconnect between the value in the small increments That still exist in the stock and what you guys are doing and what this is going to mean for you guys As this materializes so for our viewing audience I want to invite you to review this quick press release that was just hot off the press today released on behalf of parcel file Rich alluded to it the news behind the scene to get up to making this announcement Really just sets the stage for further announcements. So uh rich I know this was going to be kind of a quick fuse and an update On it, but um, is there any other color that you want to add around this and in what to kind of expect? over the coming short term with the company Sure, I'd like to add a couple more things one thing mainly is that We had two of our best quarters back to back if you look at what we reported a lot of times people forget that were We only lost a hundred thousand dollars when we were damn near close to break even and the us side was profitable So, you know, we got rid of our largest contract in canada for reason because that was putting a drain on the company and My goal is again, it might not always be the popular thing, but i'm going to look for things that Can scale across and make and make us money and it might not always be the easiest decisions But you know, i'm looking out for the long-term benefit And you know the shareholder value and that's really what it comes down to and if I see something in the market that I know that We can capitalize on and we do well We've done warehouse scene as well. So this is something that's not foreign to us So, you know as we scale and we do this this is something that would be nice because again This means less less dilution for people as well Because if we're able to generate the kind of cash we're able to do I don't need to go and raise money again You know, I actually don't that's and that's kind of the way that's kind of the way I look at this supposed to the core business Yes, it will require some money raising here and there and that's you know, my goal is to make sure that I choose a path of you know a simplicity here As well, I need to not make it too complicated and this deal works out the timing That's perfect when this major asian company approaches and said, hey, we want to work with you and we have a prior relationship with them from my past from my past company as well, so You know there in lives a you know a pretty big opportunity for us Stars are aligning in a big big way Um, I expect the big things here really in in this half of 2024. I think the back half of 2024 I think we're going to be evaluating a different company Um, dare I suggest that you're dabbling and probably two of the heart hottest markets right now Rich I I also want to ask you and get your insights on sustainability of of artificial intelligence as well as Cryptocurrency as it continues to gain traction You see new ETFs coming out every single day. You see different major platforms bank of america To name one Really jumping on this this crypto bandwagon Yeah, but the the revenue that's generated you talked about 10 really on the the the traditional parcel pal business Is that is that presuming that the us is going to continue to grow as well? Because that that shift that you did last year was very very real with the company And I applauded those efforts Say I didn't hear a whole lot of cheerleading for you on the sideline, but having covered this company and Having done my due diligence. I thought it was very very prudent. I thought it was an incredibly good move Where does that stack you up? I think for the for the next for the q1 earnings here in 2024 How how our investors expected to evaluate This business that's coming online Against your traditional business and then you know, we can look to kind of scale both of those pieces of business as the parcel By all Yeah, essentially we we're not going to really see much revenue from this is gonna We're you know at the first of march right now and we're looking at A month, but yeah as april rolls around I'd like to get these in and be up and running here in the next 30 to 45 days for sure and You know, we'll replace that revenue. This will be Much more profitable revenue. I've already modeled it out of we're looking at anywhere from probably 20 to 40 percent margins depends really the The key fluctuating piece is the price of the power because really it's an arbitrage play if we're Therefore getting reimbursed at a certain world paying a certain amount on the power side. That's that's key So depending on which states we ultimately choose we have we've submitted once Properties in I think five states now so far So it's you know everywhere from, you know, north carolina to washington to texas We were looking around and there's some and there's a couple more that we're submitting today that you know that You know one in particular that I found that I love that Is a 50 megawatt facility, you know on that one that could be that could be a massive one that we You know that we do we're just waiting obviously on You know, they take a look at these and they prove them or not approve them just based on What they want so it's ultimately their decision on it on the ones they want to do and then from there And here's the other thing too. One thing and let me add one caveat to it even though in some of these facilities 60 70 50 percent of the space whatever that might be might be taken up by these mining machines There'll be an opportunity for us depending on the size of the facility We end up choosing here that we can do and I call it a hybrid warehousing where you have the kind of You know the ai piece of it or you know call it the crypto piece For the mining but also we do the traditional cross-docking and storage which we have experience doing so we have the ability To do that we don't have to do that but it just depends on what we want to do If these things are making money hand over fist, which you know the margins are really really good We might I want to do that but it would feel weird to walk into a 100 000 square foot facility Or 20 percent's being used and you have this almost, you know ghost out of a place there So who knows maybe we build we I built in a golf simulator in there You alluded to in the press release riches is very very important that an agreement is not an agreement until struck And I that's correct. That's true However, this is an opportunity to take a first look Okay, read the press release As these agreements start to be struck The first one is going to move that momentum and really start to shift your momentum in this direction And I think it's incumbent upon investors to be very very prudent and up to speed on You know the progress that you're making and I'm eagerly awaiting on that first announcement for you man I'm really pulling for you and It sounds like we we could expect anything within the short term. This isn't something that's You know down the line medium term. This is something that could really materialize quickly for you in the short term So I give you the last word rich and really appreciate your time coming on the channel I'll turn it over to you and uh, we'll uh Keep you on the channel and uh, keep keep keep an open door for you to come on and share with our investors I know they were they were eager to hear from you here in 2024 about The exciting things that you guys are doing a lot of transformation You guys got a lot of dynamic movements going on with the company and it's going to be great to see some of this materialized rich Yeah, and it's an exciting time because again with where the crypto markets are going This is I feel this is going to be similar to what we what we did at my last company in 2018 where No, we ended up the stars aligned where we had the right customer the right market The right team as well we're offering a service that everybody needs These guys are Asian partner. They want the machines and the facilities in the building So there's I think 200,000 machines ultimately that they have that we we can get even if we get 50,000 Machines in there. I mean, this is something that could produce 10 20 million dollars A year on on a high end or it can be as low as producing something as one or two million dollars a year But hey if it's something that produces one or two million dollars a year And it's a 50% margin or a cash standpoint That this thing is nice and you can continue to scale this up And the one thing don't forget is this is this is a large conclament this company is massive So there's a lot of things we can do outside of this deal. I truly do feel If this is done right, which I know we're going to do it right because we have a great team That there's going to be lots of room to do other projects with them. And that's the piece I'm really excited about if you look at the ai you talked about the ai piece There are some things there that Obviously, I'm not privy to saying yet that I know that these guys can do that I feel we have the ability to work on and do with them. So This is just, you know, it's it's a great time to be in this like I said, I'm Really, really excited is like I said, I've been at the company now four years and I've never been more excited You know under my tenure as CEO for for something here as well So we rate that market cap 2.2 million today mark my word today Exactly, um, that that's going to move north here as we really start to uncover What I feel like in the stock price is is just fragments of a reflection of what value parcel pal brings to the table So I want to invite everybody to the description below the news release that was hit the press just today Is available for your review as well as the website for the for the company Kick over there. Take a look at the exciting things that parcel pals doing for us here rich Thank you so much. Don't be a stranger man. We'll have you back here shortly to give us another update On parcel pal. Excellent. Appreciate your time as always ryan. Thank you very much and thank you to the investors as well new and old You got it. Thanks rich. Thank you