Montreal, Quebec–(Newsfile Corp. – December 17, 2019) – Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today announced that the Wuxi Rural Bank has granted a 20M RMB (approximately $3.8M CAD) line of credit to a client of the Company’s Asia Synergy Supply Chain (“ASSC”) subsidiary based on a credit analysis performed by ASSC on the supply-chain client.
In addition to providing its clients with a comprehensive offering of supply-chain services, ASSC uses the Company’s Cubeler Lending Hub platform to collect and analyze operational and transactional data on its clients helping to qualify them for loans and credit from banks and other lending institutions. The Wuxi Rural Bank is one of several financial institutions to increasingly rely on Cubeler’s credit analysis capabilities in their credit decision making processes. The 20M RMB line of credit awarded by Wuxi Rural Bank represents the largest amount of credit facilitated in a single transaction by any of the Company’s subsidiaries to date.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com
For more information, please contact:
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 231
Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
LinkedIn: Peak Positioning
YouTube: Peak Positioning
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.