Peak Sets Up ASFC Offices in Preparation for Final Government Approval

Peak Positioning Technologies Inc CSE:PKK Technology, Fintech, Financial Service, 科技,金融科技,金融服务
Published on: January 24, 2018

Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today announced that earlier this year, the Wuxi Municipal Financial Affairs Office (WMFAO) completed its review of the required documents submitted by Peak to establish its financial services subsidiary, Asia Synergy Financial Capital (“ASFC”), as a licensed financial services company in China. As a result, the WMFAO subsequently gave Peak and its strategic partner Jiu Dong Limited (“Jiu Dong”) the green light to proceed with the physical setup of ASFC’s offices in preparation of the final steps of the WMFAO’s audit process prior to the official registration of ASFC as a Chinese financial services company.

Peak and Jiu Dong have now completed the setup of ASFC’s offices in the Yixing district of the city of Wuxi, just west of Shanghai. During the final stages of this approval process, which is following its normal course and is expected to conclude within the coming weeks, the WMFAO will visit ASFC’s offices to ensure that they meet the established guidelines for Chinese financial services companies. ASFC expects to begin to operate as soon as the WMFAO’s audit process concludes.

Peak to Attend Upcoming Cantech Investment Conference in Toronto

The Company also announced that it will attend this year’s Cantech Investment Conference (http://cambridgehouse.com/e/cantech-investment-conference-2018-72), Canada’s largest technology investment conference. The conference will take place in the North Building of the Metro Toronto Convention Centre on January 31st, 2018. Peak will be located at Booth 211 and invites shareholders attending the conference to stop by and say hello.

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 Capital Markets
Phone: 416-868-1079 ext.: 231
Email: [email protected]

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: [email protected]

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.

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