MONTREAL, QUEBEC — (Marketwire) — 06/14/12 — Peak Positioning Technologies Inc. (TSX VENTURE: PKK) (Peak) announced today that it expects to achieve significant growth in the second half of its 2012 fiscal year. Addressing shareholders at the Company-s Annual Meeting today in Montreal, Johnson Joseph, Peak-s President and CEO, said that Peak expects to generate royalties of between US $500,000 and US $800,000 from a base of 200,000 devices running on the AiNi platform in China by December 31, 2012. Mr. Joseph-s presentation to shareholders has been posted on the Company-s website and can be viewed at .
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 HomeWave mobility security. While LongKey markets the applications in China through its partnerships with major Chinese telecommunications 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, 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 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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