Peak Positioning Technologies Inc.

Peak Positioning Technologies Inc.

March 09, 2012 18:38 ET

Peak Positioning Applies for Warrant Term Extension

MONTREAL, QUEBEC--(Marketwire - March 9, 2012) - PEAK POSITIONING TECHNOLOGIES INC. (TSX VENTURE:PKK) ("Peak") is pleased to announce that it has submitted an application to the TSX Venture Exchange (the "Exchange") to extend the term of the outstanding share purchase warrants which were issued in connection with the Corporation's private placement that closed on March 24, 2011 (the "Warrants") from one (1) year to two (2) years from the date of issuance in accordance with Exchange policies. The Warrants that are the subject of the extension application consist of an aggregate of 2,501,667 Warrants, each with an exercise price of $0.15 per Warrant. The foregoing Warrants are set to expire on March 24, 2012 and the application being submitted to the Exchange is to extend the expiry date until March 24, 2013. There are no insiders that hold these Warrants.

Forward-Looking Statements

This news release may include certain forward-looking information which can be, but not always, identified by the use of such words as "anticipate", "believe", "could", "expect", "intend", "may", "should", "will", "would" and similar expressions. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. Peak undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations.

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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