Montreal, Quebec--(Newsfile Corp. - August 30, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that its subsidiary, Asia Synergy Data Solutions ("ASDS"), has recorded the first transactions on the Cubeler fintech platform related to the recently launched GoldLegal™ service.
GoldLegal™ (http://goldlegal.cubeler.cn) is an all-inclusive legal service offering exclusive to Cubeler platform lenders. It automates the process of producing a set of carefully-crafted legal documents and contracts to be executed between lenders and borrowers. The service also provides somewhat of an insurance policy against potential loan defaults for lenders by covering the cost of any future lawsuit related to a loan default in exchange for a monthly fee. GoldLegal™ standardizes and expedites the litigation process and allows for a legal judgement to be pronounced in 3 months or less against a defaulting borrower.
Cubeler registered platform lender Jiu Dong (www.chinajiudong.com) recently used the GoldLegal™ service in connections with 10 loans originating from its Shanghai office, for which Jiu Dong will pay ASDS 150 RMB (about $30) per month per loan over the terms of the loans. Jiu Dong's Shanghai office processes 65 to 70 loans per month, all for which Jiu Dong is expected to use the GoldLegal™ service from this point forward.
About the Cubeler Platform:
Cubeler is a commercial lending platform that matches any business looking for credit with a variety of lenders. Cubeler periodically reads financial data coming from the registered businesses' accounting software, analyses several data points and calculates a series of financial ratios to determine how well the business is performing. Those data points and ratios are then compared to Cubeler's registered lenders' lending criterial and the resulting matches are shown to the lenders and the businesses, much like the way a dating website would show its members their compatible matches.
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
Contact information:
Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com
Or
Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@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.
