Montreal, Quebec--(Newsfile Corp. - March 2, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that Mr. Johnson Joseph and Mr. Liang Qiu, CEOs of Peak and Peak subsidiary, Asia Synergy Technologies ("AST"), respectively, will be presenting at this year's Global Chinese Financial Forum ("GCFF") to be held in Vancouver on April 22, 2017.
The GCFF (http://www.gcff.ca/) is a conference organized by NAI Interactive Ltd. aimed at matching investors of Chinese origin with Canadian investment opportunities in certain high-growth-potential sectors with ties to China. Positioning itself as a bridge between North American investors and investment opportunities in some of China's hottest tech sectors, Peak felt it couldn't pass up this opportunity to connect with a captive audience of investors.
"We believe that presenting at the GCFF will be a great opportunity for us to promote Peak and AST's current operations with the Gold River platform. This will also give us an opportunity to introduce this audience to a new fintech solution that we're looking to introduce to the Chinese credit and lending industry later on this year," commented Mr. Joseph.
Exercise of Warrants, Debenture Conversion and Term Extension
Peak also reports the following transactions:
On February 10, 2017, the Company issued 2,882,440 common shares at a price of $0.05 per share as a result of the exercise of the conversion feature of secured convertible debentures, removing $144,122's worth of short-term debt from the Company's books.
On February 14, 2017 and February 16, 2017, the Company issued 750,000 common shares and 120,000 common shares at a price of $0.025 and $0.05 per share respectively as a result of the exercise of common share purchase warrants for net proceeds of $24,750.
On February 27, 2017 the Company reached an agreement for the extension of a $179,000 debenture that was set to mature on February 28, 2017. The debenture will now mature on June 30, 2017. Under the terms of the extension, the debenture kept the same annual interest rate of 10% and the same conversion feature that allows for the principal amount to be converted into Peak common shares at any time prior to maturity at the price of $0.05 per share.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world's fastest growing economy. For more information: http://www.peakpositioning.com
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Contact information:
Cathy Hume, CEO
CHF Capital Markets
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com
Or
Henry Wong, Account Executive
NAI Interactive Ltd.
Phone: 604-488-8878
Email: henry@nai500.com
Or
Johnson Joseph, President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com
