Peak Provides Status Update on Fund Transfer from China

MONTREAL, QC / ACCESSWIRE / March 23, 2016 / Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) (“Peak” or the “Company”) today announced that on March 22, the Company’s CEO, Mr. Johnson Joseph, spoke to the transfer agent in charge of transferring to Peak the funds they have received from of Mr Wang, owner of the Zhonghai Wanyue Group, to provide evidence that Peak was in good standing as a Canadian Securities Exchange listed company. This will allow the transfer agent to complete the fund transfer process to Peak. The Company now expects to be able to make an announcement regarding the completion of the transfer process in the coming days.

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

SOURCE: Peak Positioning Technologies Inc.

ReleaseID: 438098