Java Capital, Inc.

Java Capital, Inc.
Peak Positioning Corporation

Peak Positioning Corporation

April 05, 2011 18:54 ET

Peak Positioning Corporation Signs Software Development and Distribution Partnership Agreement with LongKey-Hong Kong Limited


Java Capital Inc. (TSX VENTURE:PKK), is pleased to announce that its wholly owned subsidiary, Peak Positioning Corporation ("Peak"), has signed a software development and distribution partnership agreement (the "Partnership Agreement") with LongKey-Hong Kong Limited ("LongKey") to provide security and management applications on smart-phones and tablets in China.

Under the Partnership Agreement, Peak and LongKey, via LongKey's subsidiary LongKey Software Technology Ltd., will co-develop a series of applications specifically designed for the Chinese smart-phones and tablets market providing security and management functionalities to allow consumers, business owners and their employees to securely use their portable computing devices to manage and protect their assets.

"This partnership with LongKey to provide security and management applications on smart-phones and tablets gives us access to a client base with great potential. Our two companies share a common vision and have technical expertises that complement each other. We very much look forward to working with LongKey to continue to provide innovative wireless-based solutions" said Johnson Joseph, President and CEO of Peak.

The applications, to be co-developed through the partnership, are expected to be market-ready by as early as the third quarter of 2011. They will incorporate some of the functionalities of Peak's HomeWave solution and will be pre-loaded by default on tablets and smart-phones distributed by LongKey's telecom service provider partners in China. A monthly user fee per device for the use of the applications will be collected by LongKey's telecom service provider partners on behalf of LongKey, which will then remit a percentage of the fees collected to Peak.

About Java Capital Inc

Java Capital Inc. is a Tier 2 Technology Issuer whose common shares trade on the TSX Venture Exchange under the symbol: PKK ("Java"). Java owns 100% of the shares of Peak Positioning Corporation, which itself is an information technology solution provider, and creator of the HomeWave solution. HomeWave is a client-server-based, wireless remote security, forensic analysis and asset location service for reported missing portable computers. HomeWave was developed in conjunction with leaders in the fields of hardware engineering, wireless communications and location-based technologies. The solution provides a way for businesses to use wireless communications to remotely disable lost or stolen portable computers, as well as to remotely determine what, if any, files were accessed on the missing computers.

About LongKey-Hong Kong Limited

LongKey-Hong Kong Limited is the parent company of LongKey Software Technology Ltd. ("LongKey-Wuxi"), which itself provides a wide range of service on demand IT solutions to small and medium size businesses in China through its "Online Business Application Market Place" in collaboration with China's largest telecommunications service providers. LongKey-Wuxi's services include among others, web hosting, e-government, e-commerce, customer relationship management, enterprise resource planning, network management, and payroll processing. In addition to its web-based services, LongKey-Wuxi also provides its business clientele with application development and help desk outsourcing services.

Forward-Looking Statements / Information

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. 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. The Company 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. Readers are urged to consider these factors carefully in evaluating any forward-looking 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.

Contact Information

  • Java Capital Inc.
    Johnson Joseph
    President and CEO
    514-340-2228 (FAX)
    CHF Investor Relations
    Anne Robert
    Account Manager
    Cell: 514-826-8121