Peak Initiates Steps to Have Shares Quoted in the US
03 April 2014 - 11:59PM
Marketwired
Peak Initiates Steps to Have Shares Quoted in the US
MONTREAL, QUEBEC--(Marketwired - Apr 3, 2014) - Peak Positioning
Technologies Inc. ("Peak" or the "Company") (TSX-VENTURE:PKK)
announced that the Company has retained a New York based law firm
to manage the process to have the Company's shares quoted on the US
over-the-counter pink sheets (OTC).
Peak recently announced the acquisition of Quickable.com and is
evaluating other potential additions to deliver value to Peak
shareholders. Peak determined that joining the US capital markets
will give the Company more access to the capital it needs to
execute its business plan, and improve liquidity for
shareholders.
"We've been considering this move for quite some time now", said
Johnson Joseph, President and CEO of Peak. "With the recent
addition of David Kugler and Mark Dumas to our board of directors,
and Mr. Kugler's extensive experience with the US capital markets,
coupled with the acquisition opportunities that have been afforded
us recently, we felt that the time was finally right to have the
Company's shares quoted in the US. Peak will be in a better
position to capitalize on these opportunities and the US exposure
should translate into greater liquidity for the stock, which will
ultimately benefit all Peak shareholders", he went on to say.
Peak expects to complete the process by the end of May,
2014.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. (TSX-VENTURE:PKK), is a
Canadian software developer for mobile smart devices, and
application provider to mobile network operators (MNO) worldwide.
In association with its partner, LongKey-Hong Kong Ltd, the Company
has developed the AiNi™ Mobile Cloud platform. AiNi™ is an enhanced
version of the mobile smart device O/S equally designed for the
benefit of consumers and MNOs, and marketed to MNOs as a solution
to increase and maintain their mobile subscriber bases. AiNi™ comes
with a suite of standard applications and features, and offers MNOs
the possibility to have additional custom applications and features
developed and integrated into the platform. For more information:
http://www.peakpositioning.com.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press 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
press release.
Jeanny SoDirector of OperationsCHF Investor
Relations416-868-1079 ext.: 225jeanny@chfir.comJohnson
JosephPresident and CEOPeak Positioning Technologies
Inc.514-340-7775 ext.: 501investors@peakpositioning.com
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