Montreal, Quebec--(Newsfile Corp. - October 15, 2015) - Peak Positioning Technologies Inc. (TSXV: PKK) (PINK SHEETS: PKKFF) ("Peak" or the "Company") is pleased to announce that it has received approval to have its common shares begin trading on the Canadian Securities Exchange (the "CSE") at market open on October 23, 2015 under the same "PKK" ticker symbol. Earlier today, Peak filed an application with the TSX Venture Exchange (the "TSXV") to have its common shares de-listed from the TSXV as of market close on October 22, 2015.
The Company's decision to move the listing of its common shares from the TSXV to the CSE is directly related to its pending acquisition of LongKey Hong Kong Limited ("LongKey").
"We could not be more enthusiastic about today's announcement", commented Johnson Joseph, President and CEO of Peak. "This move gives us added flexibility and will dramatically reduce the time to close the private placement and our acquisition of LongKey. We would not have made the move had we not been given assurances of these facts. Now that we're working within the CSE guidelines, we should be able to wrap up the private placement in the following days and the LongKey transaction in the weeks following that critical milestone", concluded Mr. Joseph.
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 e-commerce, cloud-computing and mobile development. Peak provides its shareholders access to the world's fastest growing economy by giving them the opportunity to participate in these high-growth sectors in partnership with some of the most reputable and high profile institutions. For more information: http://www.peakpositioning.com.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this news release.
For more information:
Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com
Or
Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408
Email: carldesjardins@paradox-pr.ca
Or
Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com
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