Parkit Enterprise Inc.
TSX VENTURE : PKT
OTCQX : PKTEF

Parkit Enterprise Inc.

July 20, 2016 16:00 ET

Parkit Reminds Shareholders to Vote Using Their BLUE Proxy in Advance of the Voting Deadline

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 20, 2016) - Parkit Enterprise Inc. ("Parkit" or "the Company") (TSX VENTURE:PKT)(OTCQX:PKTEF) would like to remind shareholders they have until 10:30 am (Pacific Time) on Friday July 22, 2016 to vote their shares for the upcoming Annual General Meeting ("Meeting") of Parkit shareholders to be held 10:30 am (Pacific Time) on Tuesday July 26, 2016.

Shareholders are urged to carefully read the information circular dated June 24, 2016 and the recent letter sent to shareholders in connection with the Meeting. A copy of the information circular and letter is available on SEDAR at www.sedar.com and on Parkit's website at www.parkitenterprise.com/investors/agm/.

YOUR VOTE IS IMPORTANT REGARDLESS OF THE NUMBER OF SHARES YOU OWN. PLEASE VOTE USING ONLY YOUR BLUE PROXY IN SUFFICIENT TIME FOR YOUR VOTE TO BE RECEIVED BY THE VOTE DEADLINE OF 10:30 am (Pacific Time) ON FRIDAY JULY 22, 2016.

Three dissident officers (the "Dissident Officers") led by Rick Baxter have put forth nominees for an alternative slate of directors in an attempt to insert a board that would be willing to approve the Dissident Officers' unreasonable salary and contract demands and that will not hold the Dissident Officers accountable to shareholders. I urge you to read the Meeting material and if you have not voted, please take the time to vote as the outcome of this Meeting will be determined only by the shareholders that participate. The Board urges shareholders to vote FOR the current Board nominees and vote using only the BLUE proxy or BLUE voting instruction form.

If you have voted using the dissident yellow proxy and wish to change your vote for the current directors, please vote using the BLUE form of proxy or voting instruction form. This will automatically revoke any previous proxies submitted. PLEASE VOTE USING ONLY THE BLUE PROXY AND DISCARD ANY OTHER PROXY RECEIVED. A later dated proxy will revoke any previous vote submitted.

Please use the proxy control number located on the accompanying BLUE proxy or BLUE voting instruction form to vote using one of the available methods provided. We recommend that you vote on the internet or via the telephone to ensure your vote is received prior to the voting deadline of Friday July 22, 2016 at 10:30 a.m. (Pacific Time). If you require any assistance, please do not hesitate to contact our proxy solicitor, Shorecrest Group toll free at 1-888-637-5789 or direct: 647-931-7454. Please visit the Company's website for updates: www.parkitenterprise.com/investors/agm/.

Sincerely,

Joel Dumaresq, Chairman

About PARKIT

Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across the United States. The Company's shares are listed on TSX-V (Symbol: PKT) and on the OTCQX (Symbol: PKTEF).

Neither 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 release.

Disclaimer for Forward-Looking Information

Certain statements in this release are 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.

Contact Information

  • Shorecrest Group
    Direct: 647-931-7454
    Toll Free: 1-888-637-5789