Peak Files First Quarter 2015 Results

Montreal, Quebec--(Newsfile Corp. - May 29, 2015) - Peak Positioning Technologies Inc. (TSXV: PKK) (PINKSHEETS: PKKFF) ("Peak" or the "Company") today announced its financial results for the three-month period ended March 31, 2015.

Summary of Financial Results:

• Operating revenues of    $20,120
• Total expenses of $235,905
• Net loss of $215,785 for the quarter

• Acceptance by TSX Venture Exchange (“TSXV”) to consider the Company’s proposed acquisition of LongKey Hong Kong Limited (“LongKey”) as a “Fundamental Acquisition” as opposed to a “Reverse Takeover”
• Submission of first series of documents and materials required by TSXV to obtain final approval of Company’s acquisition of LongKey
• Establishment of terms and conditions of private placement financing to be closed concurrent to LongKey acquisition
• Signing of engagement letter with broker to act as lead agent for private placement financing to be closed concurrent to LongKey acquisition

About First Quarter Financial Results Summary

Peak generated $20,120 in consulting revenues in the three months ended March 31, 2015 compared to $13,560 for the same period of 2014.

Expenses for the first quarter amounted to $235,905 compared to $317,016 for the same period of 2014. The decrease is largely due to the Company's decision to temporary layoff its mobile development team in the 2nd quarter of 2014. But the savings in salary expenses were partly offset by increases in other items such as management fees, finance charges and the amortization of the Quickable.com platform.

The net loss for the three month period ending March 31, 2015 was $215,785 compared to $303,456 for the same period of 2014.

Full details of the Company's first quarter 2015 financial results can be found in the Unaudited Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three-month periods ended March 31, 2015 and 2014, which are available at www.sedar.com.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. ("Peak"), (TSXV: PKK) (PINKSHEETS: PKKFF), 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 e-commerce, cloud-computing and mobile development. Peak provides its shareholders with the opportunity to participate in the fastest growing economic sectors of the world's fastest growing economy, in partnership with some of the most reputable and high-profile institutions in those sectors. For more information: http://www.peakpositioning.com

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this news release.

For more information:

Cathy Hume
CEO
CHF Investor Relations
Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Carl Desjardins
Managing Partner
Paradox Public Relations Inc.
Phone: 514-341-0408  
Email: carldesjardins@paradox-pr.ca

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com