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Sep 1, 2016 10:38 EST

Peak Subsidiary Launches Gold River Fintech Platform

Disclosure NewswireTM

iCrowdNewswire - Sep 1, 2016

 

MONTREAL, QC – Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) (“Peak” or the “Company”), today announced that its Chinese subsidiary, Asia Synergy Technologies Ltd. (“AST”), officially launched its web-based Gold River Fintech platform. Platform users can now login to their accounts at www.goldriverb2b.com.

The news comes on the heels of the recent announcement that AST had received its Internet Content Provider license from the Chinese Ministry of Industry and Information Technology, which was the last remaining element before the platform could officially go live. In addition to digitizing the distribution process of certain commodities and raw materials in China, Gold River allows AST to offer platform users value-added services such as purchase order financing. The addition of these value-added services gives AST the potential to increase its gross profit margin on each transaction conducted on the platform by as much as 17%.

Exercise of Warrants

On August 26, 2016, the Company issued 1,000,000 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.

Contact information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: [email protected]

Or

Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408
Email: [email protected]

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: [email protected]

 

Contact Information:

[email protected]

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