Parkit Settles Debt


VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 20, 2014) - Parkit Enterprise Inc. ("Parkit") (TSX VENTURE:PKT)

Further to the news release on June 18, 2014, Parkit announces that it has received Exchange acceptance of the shares for debt settlement. 1,842,818 shares have been issued and the debt extinguished.

The securities are subject to a hold period expiring October 21, 2014.

ON BEHALF OF THE BOARD

"Rick Baxter"

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.

www.parkitenterprise.com & www.canopyairportparking.com

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.

Contact Information:

John LaGourgue
info@parkitenterprise.com
Tel. (604) 424-8701

Parkit Enterprise Inc.
Suite 1088 - 999 West Hastings Street
Vancouver, British Columbia
Canada V6C 2W2