Montreal, Quebec--(Newsfile Corp. - December 19, 2019) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that one of its soon-to-be loan service centres in Shanghai has become an authorized representative of Xiamen International Bank (www.xib.com.cn), China Everbright Bank (www.cebbank.com), Huaxia Bank (www.hxb.com.cn) and Shanghai Hongdu Rural Bank (www.shjdrb.com) (collectively, the "Banks").
By virtue of the announced agreement, the Shanghai-based loan broker and future Jinxiaoer service centre, will now be authorized to offer loan products from the Banks, both on-site and through the Jinxiaoer platform. The agreement between the broker and the Banks was made possible when the broker became one of Jinxiaoer's service centres in the greater Shanghai area, giving it access to Jinxiaoer's over 40,000 sales representatives to potentially sell the various loan products at its disposal. Peak recently announced that it had acquired Jinxiaoer and stands to earn services fee on transactions facilitated by the platform.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China's commercial lending industry. Peak's subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China's commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com
For more information, please contact:
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 poste : 231
Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 poste : 501
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.
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