Montreal, Quebec--(Newsfile Corp. - July 11, 2016) - Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Peak" or
the "Company") today announced that its Chinese subsidiary, Asia Synergy Technologies Ltd. ("AST"), and Guangda International
Construction Engineering Corporation ("GICE") have signed a purchase order agreement worth RMB2 billion (approximately CAD$385M)
over an 18-month period.
GICE is the parent company of Guangda Industrial Company Ltd, with whom AST announced a similar agreement worth approximately
CAD$190M on July 5, 2016. GICE is part of the Shenzhen Airport Civil Aviation Holdings Group. The company is an importer, exporter
and distributor of various materials, including chemical and non-chemical based raw materials, ferrous and nonferrous metals,
textile materials and other commodities, catering to China's aviation industry. The agreement between GICE and AST calls for GICE
to purchase RMB2 billion worth of non-ferrous metals and chemical products from AST between July 2016 and December 2017 at a price
to be agreed to by the parties based on prevailing market conditions at the time of the transactions. This agreement now brings the
total purchase order commitments made to AST for the next 18 months to approximately CAD$575M.
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
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
