Montreal, Quebec--(Newsfile Corp. - January 21, 2019) - As a follow up to the news released earlier today, Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") would like to clarify that the agreement signed between its Asia Synergy Credit Solution ("ASCS") subsidiary and Wuxi Union SME Guarantee Co. Ltd. is for an initial period of two years, following which the agreement is expected to be renewed under similar terms and conditions. Furthermore, the 6% to 8% service fee received by ASCS represents an annual rate payable monthly on outstanding loans it services.
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
For more information, please contact:
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