Peak Files Second Quarter 2015 Results

Montreal, Quebec--(Newsfile Corp. - July 29, 2015) - Peak Positioning Technologies Inc. (TSXV: PKK) (OTC PINK: PKKFF) ("Peak" or the "Company") today announced its financial results for the three-month and six-month periods ended June 30, 2015.

Summary of Financial Results:

• Cumulative operating revenues of $36,400
• Total expenses of $580,166
• Net loss of $543,766 for the quarter

Summary of Operating Results:

• Production of initial draft of due diligence report on LongKey Hong Kong Ltd. (“LongKey”) related to the Company’s pending acquisition of LongKey to be presented to the Company’s board of directors
• $190,000 raised in promissory notes financing to help cover expenses related to the Company’s pending acquisition of LongKey
• Finalization of financing documents and launch of private placement financing to be closed concurrently to the Company’s pending acquisition of LongKey
• 7,050,000 stock options granted to certain employees, directors and consultants 

About Second Quarter Financial Results Summary
The Company generated $16,280 in web development related consulting revenues in the second quarter ended June 30, 2015 (June 30, 2014: $7,040). On a cumulative basis, after six months of operations ending June 30, 2015, these revenues total $36,400 compared to $20,600 for the same period of 2014.

Expenses for the second quarter amounted to $344,261 compared to $278,061 for the same period of 2014. The variation is mainly due to an increase in finance costs, amortization of the technology platform, and management fees which was partially offset by a decrease in consulting fees and salaries. On a cumulative basis the expenses for the six-month period ended June 30, 2015 totaled $580,166 compared to $595,077 for the same period of 2014.

The net loss for the three-month and six-month periods ending June 30, 2015 was $327,981 (June 30, 2014: $271,021) and $543,766 (June 30, 2014: $574,477) respectively.

Full details of the Company's second 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 and six-month periods ended June 30, 2015 and 2014, which are available at www.sedar.com.

About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. ("Peak"), (TSX VENTURE: PKK) (OTC PINK: 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 access to the world's fastest growing economy by giving them the opportunity to participate in these high-growth sectors in partnership with some of the sectors' most reputable and high profile institutions. 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
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