Parkit Joins OTCQB Marketplace

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 12, 2014) - Parkit Enterprise Inc. ("Parkit") (TSX VENTURE:PKT)(OTCQB:PKTEF) is pleased to announce that its common shares have been approved for trading in the United States on the OTCQB Marketplace under the symbol PKTEF.

Parkit will continue to trade on the TSX Venture Exchange under its existing symbol PKT.

Parkit CEO Rick Baxter states, "In response to investor interest we have listed our shares on the OTCQB, enabling greater exposure and accessibility to our expanding US shareholder base."

About OTCQB:

The OTCQB, part of the OTC Markets Group, is a venture stage marketplace for early and developing US and international companies.

ON BEHALF OF THE BOARD

Rick Baxter, President and CEO

About Parkit:

Parkit Enterprise Inc. is a listed private equity real estate company that acquires and aggregates income-producing real estate in the parking sector.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Disclaimer for Forward-Looking Information

Certain statements in this release may be forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.