Peak Positioning Technologies Inc.

Peak Positioning Technologies Inc.

April 05, 2012 13:07 ET

Peak Confirms Closing of Private Placement

MONTREAL, QUEBEC--(Marketwire - April 5, 2012) - Peak Positioning Technologies Inc. ("Peak") (TSX VENTURE:PKK) is pleased to confirm today that it has closed the private placement of 7,350,800 units, at a price of $0.10 per unit, for gross proceeds of CDN$735,080, previously announced on April 3, 2012.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software developer for smartphones and other mobile computing devices, conducting business primarily in China and North America. In association with its partner, LongKey-Hong Kong Ltd, the company has developed a suite of applications for mobile devices that includes: cloud-based calendar, e-mail and contacts synchronization, automated device configuration, and HomeWave™ mobility security. While LongKey markets the applications in China through its partnerships with major Chinese telecommunication companies and banks, Peak plans to similarly market the applications for its own account in North America. For more information:

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 release.

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