MONTREAL, QUEBEC--(Marketwired - April 3, 2014) - Peak Positioning Technologies Inc. ("Peak" or the "Company") (TSX VENTURE:PKK) announced that the Company has retained a New York based law firm to manage the process to have the Company's shares quoted on the US over-the-counter pink sheets (OTC).
Peak recently announced the acquisition of Quickable.com and is evaluating other potential additions to deliver value to Peak shareholders. Peak determined that joining the US capital markets will give the Company more access to the capital it needs to execute its business plan, and improve liquidity for shareholders.
"We've been considering this move for quite some time now", said Johnson Joseph, President and CEO of Peak. "With the recent addition of David Kugler and Mark Dumas to our board of directors, and Mr. Kugler's extensive experience with the US capital markets, coupled with the acquisition opportunities that have been afforded us recently, we felt that the time was finally right to have the Company's shares quoted in the US. Peak will be in a better position to capitalize on these opportunities and the US exposure should translate into greater liquidity for the stock, which will ultimately benefit all Peak shareholders", he went on to say.
Peak expects to complete the process by the end of May, 2014.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software developer for mobile smart devices, and application provider to mobile network operators (MNO) worldwide. In association with its partner, LongKey-Hong Kong Ltd, the Company has developed the AiNi™ Mobile Cloud platform. AiNi™ is an enhanced version of the mobile smart device O/S equally designed for the benefit of consumers and MNOs, and marketed to MNOs as a solution to increase and maintain their mobile subscriber bases. AiNi™ comes with a suite of standard applications and features, and offers MNOs the possibility to have additional custom applications and features developed and integrated into the platform. For more information: http://www.peakpositioning.com.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this press release.