Peak Positioning Technologies Inc.

Peak Positioning Technologies Inc.

March 03, 2014 13:24 ET

Peak Names Mr. Mark Dumas to its Board of Directors

MONTREAL, QUEBEC--(Marketwired - March 3, 2014) - Peak Positioning Technologies Inc. (TSX VENTURE:PKK) ("Peak" or the "Company") is pleased to announce the appointment of Mr. Mark Dumas to the Company's Board of Directors.

Mr. Dumas is a private investor in several technology companies and an entrepreneur with expertise in satellite, mobile, and e-commerce technologies, as well as gaming theory. Mr. Dumas was the founder and CEO of SPADAC, a US defense contractor that provided geospatial analysis, data mining and predictive analysis to clients. He went on to sell SPADAC to GeoEye in 2010 for $46M million USD. Mr. Dumas' professional experience also includes serving as Vice President of Special Projects at DigitalGlobe, a leading global provider of commercial high resolution earth imagery products and services, where he supported mergers and acquisitions activities from 2011 to 2013. He is currently Chairman and CEO of PlayCall Inc., a football gaming application business, and sits on the Board of Weather Analytics, a Bethesda, MD based company that delivers proprietary global climate intelligence to commercial and government clients.

"We're very pleased to welcome Mr. Dumas to our Board. His track record and experience in the technology space will certainly be a valuable asset to the Company", said Johnson Joseph, President and CEO of Peak.

"I've been following the recent developments at Peak and see an opportunity where I can help the Company continue to build on its foundation and unlock its potential. I'm very excited to join the Board and look forward to contributing to the Company's success", said Mr. Dumas.

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 to the platform. For more information:

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.

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