Disclosure NewswireTMiCrowdNewswire - Aug 17, 2016
MONTREAL, QC – Peak Positioning Technologies Inc. (CSE: PKK) (PINK SHEETS: PKKFF) (“Peak” or the “Company”) today announced that its Chinese subsidiary, Asia Synergy Technologies Ltd. (“AST”), has received its Internet Content Provider (ICP) license from the Chinese Ministry of Industry and Information Technology, thus paving the way for AST to officially launch its Gold River Fintech platform.
The ICP license is a registration number that must first be obtained by any company or organization prior to being authorized by the Chinese government to host a website on a Chinese server. The Gold River platform had been going through internal testing while waiting for the license to be granted. AST plans to run a short series of live online tests before officially publishing the platform’s URL to conduct Gold River’s first transactions.
“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,” commented Liang Qiu, CEO of AST. “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,” added Mr. Qiu.
Exercise of Warrants
Peak also announced that on August 12, 2016, the Company issued 500,000 common shares at a price of $0.05 per share as a result of the exercise of common share purchase warrants.
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.
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Peak Positioning Technologies Inc.
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