Peak Positioning Technologies (
CSE: PKK,
Forum) advanced its corporate mandate when the company announced today that its 100%-0wned subsidiary Asia Synergy Technologies (“AST”) received its Internet Content Provider (ICP) license from the Chinese Ministry of Industry and Information Technology.
According to the
news release, this license paves the way for AST to officially launch its Gold River Fintech platform as it must first be obtained by any company or organization prior to being authorized by the Chinese government go host a website on a Chinese server.
Gold River has been going through internal testing while AST awaited the granting of its ICP license.
AST CEO, Liang Qiu, commented, “It's taken a long time and a lot of hard work to get to this point, but we're finally here, ready to process our first online transactions. We obviously have a lot of work ahead of us with all of the purchase order commitments we have in the pipeline, but we couldn't be more excited right now about the impact we believe Gold River and future platforms like it will have on the distribution of raw materials and other commodities in China.”
The release also noted an exercise of warrants on August 12, 2016 where the company issued 500,000 common shares at a price of $0.05 per share.
Peak Positioning Technologies was in the news recently
when the Montreal-based company announced four days ago that it had reached a major revenue milestone.
Shares were up 13.33% to $0.085 per share.
Currently there are 406.43m outstanding shares with a market cap of $30.48 million.
FULL DISCLOSURE: Peak Positioning Technologies is a Stockhouse Publishing client.