Peak Files 2017 Second Quarter Results and Operating Highlights

Montreal, Quebec--(Newsfile Corp. - August 29, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced its financial results and operating highlights for the three-month and six-month periods ended June 30, 2017. All amounts expressed are in Canadian dollars.

Financial Highlights: 

• Total revenues of $144,823
• $341,000 contributed to working capital as a result of exercise of share purchase warrants and options
• Complete removal of debentures from balance sheet through exercise of conversion feature
• Granting of 8.3M stock options to employees, directors and consultants
• Issuance of 14.0M share purchase warrants as part of a share subscription facility agreement
• Net loss of $984,270

Operating Highlights:

• Creation of new Hong Kong subsidiary Asia Synergy Capital
• Signing of $5M share subscription facility agreement with Global Emerging Markets
• Signing of agreement with first lender to offer credit products to registered businesses on the Cubeler platform

About Second Quarter Financial Results Summary:

The transition phase from low-frequency, high-dollar-value and low-profit-margin raw materials trading transactions to higher-frequency, lower-dollar-value and higher-profit-margin financing transactions, which started in the first quarter of 2017, continued in the second quarter of 2017. As one subsidiary, Asia Synergy Data Solutions ("ASDS"), was preparing for the first financing transactions on the Cubeler platform, another subsidiary, Asia Synergy Technologies ("AST"), was processing the last of the remaining orders on the Gold River platform which did not require financial assistance. The Company's revenues for the quarter were therefore limited to just a couple of Gold River transactions. With those transactions expected to give way to PO financing transactions on Gold River, and the start of transactions on Cubeler, the Company looks forward to ushering in a new era of greater profitability for its group of companies in the coming quarters through both AST and ASDS.

In summary, the Company generated revenues of $144,823 in the second quarter ended June 30, 2017 compared to no revenues for the quarter ended June 30, 2016. On a cumulative basis, after six months of operations ending June 30, 2017, the Company generated revenues of $7,469,822, compared to no revenues for the same period last year.

Expenses for the second quarter amounted to $1,046,147 compared to $509,028 for the same period of 2016. The variation is mainly due to expenses generated by the Company's Chinese operations, such as the cost of materials, salaries, travel and the amortization of the technology platform. There were no such expenses for the same period last year since there were no Chinese operations. The variation can also be explained by an increase in consulting fees which was partially offset by a decrease in the loss on extinguishment of convertible debentures and in finance costs. On a cumulative basis the expenses for the six-month period ended June 30, 2017 totaled $9,056,964 compared to $818,170 for the same period of 2016. The 2017 expenses include a total of $7,469,822 of cost of materials compared to none for the same period last year.

The net loss for the three-month and six-month periods ending June 30, 2017 was $984,270 (June 30, 2016: $506,392) and $1,693,421 (June 30, 2016: $815,534) respectively.

Full details of the Company's second quarter 2017 financial results can be found in the Unaudited Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three- month and six-month periods ended June 30, 2017 and 2016, which are available at www.sedar.com.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is an IT portfolio management company whose mission is to assemble, finance and manage a portfolio of high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world's fastest growing economy. For more information: http://www.peakpositioning.com

Contact information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com