MONTREAL, QUEBEC — (Marketwired) — 07/11/13 — Peak Positioning Technologies Inc. (“Peak” or the “Company”) (TSX VENTURE: PKK) and LongKey Hong Kong Limited (“LongKey”) today announced plans to open a new office in Guangzhou, China. The purpose of the new office will be to facilitate the cooperation between LongKey-s operating subsidiary, LongKey Software Technology Inc. (“LK-Soft”), and the Guangdong province branch of China Unicom, located in Guangzhou, for the continued support, future enhancements and the distribution of the AiNi platform in Guangdong province.
This announcement is related to the Master Agreement, signed between LongKey and China Unicom subsidiary UNISK. In that agreement LongKey was given access to negotiate the terms and conditions that would govern the distribution of AiNi with each provincial branch of China Unicom in their respective provinces. The opening of the new office in Guangzhou is regarded as an essential next step to the negotiation process for the launch of AiNi on China Unicom smart devices in Guangdong.
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 calendar, e-mail and contacts synchronization, automated device configuration, and HomeWavea 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:
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, 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, 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.
Contacts:
Jeremy Hill
Account Manager
CHF Investor Relations
416-868-1079 x238
Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
514-340-7775 ext.: 501
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