Outlook for Q1 2020 February 4, 2020) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today provides a general outlook for what its shareholders can expect in Q1 2020, based on thorough evaluation of the Company's successes in 2019 as well as near-term plans.
Peak concluded 2019 with a total of five subsidiaries (AST, ASDS, ASFC, ASCS and ASSC) and reached several key milestones including its first operational profit in Q3, following consecutive quarters where the Company doubled its revenue. Objectives for 2020 would be building on that foundation by expanding into new locations, pursuing new strategic partnerships and growing existing operations.
The Company spent the first few weeks of the new year assessing the situation developing in China, and while it can report that there has been no impact on its operations so far, Peak will continue to closely monitor the situation.
In Q1 2020, Peak will leverage the newly acquired Jinxiaoer platform and its service centres by expanding Peak's service offering to new cities, adding top lenders to existing branches and bolstering real estate lending revenue streams in the larger cities. Jinxiaoer has already brought in a number of new banks to the Peak Group in Shanghai, where its subsidiaries will be most active in the early part of the new year.
Cubeler Lending Hub will be an important revenue stream as the Company continues leveraging the platform's powerful data analytics tools.
Peak will also pursue strategic partnerships and alliances in a continuous effort to grow its operations and offer its clients an unrivalled customer experience.
"We've set out an aggressive agenda for Q1 2020, both in terms of expansion of our services and revenue growth. We will be updating the market on the accomplished milestones as we continue to gain increasing influence in the Chinese commercial lending space," stated Johnson Joseph, President & CEO.
Taking the necessary time to fully assess the impact of the arrival of the Jinxiaoer platform on its operations, Peak decided to postpone the release of its 2020 financial forecast, which is now planned for mid-February.
The following table is a schedule for the filing of Peak's 2020 quarterly financial results:
Period Period End Date Filing Date
Q1 March 31, 2020 May 28, 2020
Q2 June 30, 2020 August 27, 2020
Q3 September 30, 2020 November 26, 2020
Year-End December 31, 2020 April 22, 2021