Peak Provides Update on First 30 Days of ASFC Operations
Montreal, Quebec--(Newsfile Corp. - June 27, 2018) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that after its first 30 days of operations, its financial services subsidiary, Asia Synergy Financial Capital ("ASFC"), had extended a total of 1,694 loans to Chinese small and medium-sized business owners accounting for a combined 99.7M RMB (approximately $20.2M CAD).
"We've been very aggressive in our lending activities from the outset in order to quickly and firmly establish ASFC in the minds of Chinese entrepreneurs as a financial services company that understands their needs and will be there to help them reach their objectives," commented Liang Qiu, Chief Executive Officer of Peak's group of companies in China. "However, being aggressive doesn't mean we're not also being cautious. As we continue to build a reputation with the underserved SME commercial lending segment, our plan is to show other financial institutions that technology, more specifically our Cubeler platform, can be used to make the commercial lending industry more efficient without increasing the risk of loan defaults. We're very satisfied with how ASFC's first 30 days of operations are helping us achieve those objectives so far," concluded Mr. Qiu.
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 promising companies and assets in some of the fastest-growing tech sectors in China, including fintech, e-commerce and cloud-computing. Peak provides a bridge for North American investors who wish to participate in the continued digitization of China's industrial sectors through the latest advancements in technology. For more information: http://www.peakpositioning.com
Contact information:
Cathy Hume
CEO
CHFCapital Markets
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
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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