MONTREAL, QUEBEC — (Marketwire) — 05/01/12 — Peak Positioning Technologies Inc. (“Peak” or the “Company”) (TSX VENTURE: PKK) today announced that it has retained Pinnacle Capital Markets Ltd. (“Pinnacle”) to provide investor relations services for the Company.
Under the terms of the agreement, Pinnacle has undertaken to use its well-established relationships with the institutional and retail investment communities to assist Peak in fostering productive, continuing relationships with analysts, brokers, potential investors, and other financial professionals, as well as to manage information flow to Peak-s current shareholders. In return, Peak will pay Pinnacle a monthly retainer of $ 6,000, in addition to 200,000 incentive stock options. The agreement, which is subject to TSX Venture Exchange approval, is for an initial period of six months with an option to renew on mutually agreed terms.
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 e-mail, calendar 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: .
About Pinnacle Capital Markets
Pinnacle Capital Markets Ltd. is a Toronto based advisory firm that provides a full range of investor relations services to publicly-listed companies. Pinnacle works closely with its clients to achieve strategic goals such as: correctly positioning the Company in the public markets, enhancing visibility and awareness among investors, brokers and analysts, increasing liquidity, and identifying sources of growth capital. 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.
Contacts:
Peak Positioning Technologies Inc.
Johnson Joseph
President and CEO
514-340-7775 ext.: 501
Pinnacle Capital Markets
Spyros P. Karellas
President and CEO
416-800-8921
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