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Peak $PKK.ca $PKKFF Provides Updates on Implementation of Fund Transfer Services and Cash Position from Exercise of Warrants $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:26 AM on Thursday, March 4th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform.
  • Peak remains on track to launch the payment processing and fund transfer services on Lending Hub in the second quarter of 2021.
  • Through the first two months of 2021, Peak received a total of $2,665,577 in cash as a result of the exercise of warrants, including a combined $500,000 from Peak’s CEO, CFO and China CEO

Montreal, Quebec–(March 4, 2021) –  Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform.

Peak announced earlier this year that it had signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. (“Rongbang”) that will allow it to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem. After holding several working sessions with Rongbang’s service implementation team, the Company has now completed the setup of the test environment where virtual replications of both the Lending Hub platform and the China UnionPay network will co-exist from this point forward. Setting up the test environment was identified as one of the key milestones for the Company leading up to the launch of services. Peak is now in position to simulate transactions, test and study the results, and, if need be, make the necessary adjustments in its development environment, all of which will lead to a better understanding of the UnionPay network prior to the services going live. Peak remains on track to launch the payment processing and fund transfer services on Lending Hub in the second quarter of 2021.

Cash Position Resulting from Exercise of Warrants:

Peak’s market performance over the past few months has placed virtually all of the Company’s issued and outstanding convertible securities “in the money”. That has triggered a regular and consistent exercise of Peak warrants since about the half-way point of the fourth quarter of 2020, and continued in 2021. Through the first two months of 2021, Peak received a total of $2,665,577 in cash as a result of the exercise of warrants, including a combined $500,000 from Peak’s CEO, CFO and China CEO. This puts the Company’s cash balance at more than $7.8M as of February 28, 2021.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/756561-peak-provides-updates-on-implementation-of-fund-transfer-services-and-cash-position-from-exercise-of-warrants/messages/2306461#message

Peak $PKK.ca $PKKFF Appoints Banking Executive Dana Ades-Landy to Its Board of Directors $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:31 AM on Friday, January 29th, 2021
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Added former banking executive, Dana Ades-Landy to its Board of Directors
  • Over 25 years of experience in strategic development, governance and advocacy in the banking and financial services sector.
  • Experience includes: Senior positions at National Bank, KPMG, Laurentian Bank

Montreal, Quebec–(January 29, 2021) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has added former banking executive, Dana Ades-Landy to its Board of Directors.

Ms. Ades-Landy has over 25 years of experience in strategic development, governance and advocacy in the banking and financial services sector. She is currently in her second tour of duty with the National Bank of Canada where she works with the bank’s special loans group, managing a diverse portfolio of commercial and corporate clients while providing coaching and mentoring to the group’s less seasoned members. She first worked at the National Bank of Canada from 1993 to 2004 occupying various management and executive positions, culminating with the position of Vice-President, Credit Risk and Specialized Products.

Ms. Ades-Landy spent 3 years at KPMG as a Senior Vice-President and Associate providing the firm’s corporate clients with advice in the fields of insolvency, restructuring, turnaround, and business revitalization. She left KPMG in 2006 and went on to spend the following 10 years holding Senior Vice-President and Vice-President positions at the Laurentian Bank of Canada and Scotia Bank, respectively, before serving as CEO of the Quebec chapter of the Heart and Stroke Foundation of Canada from 2016 to August 2020.

Read More: https://agoracom.com/ir/PeakFintechGroup/forums/discussion/topics/754200-peak-appoints-banking-executive-dana-ades-landy-to-its-board-of-directors/messages/2300968#message

Peak $PKK.ca $PKKFF Launches New Website and AGORACOM Platform for Verified Discussion Forum and Social Media Engagement $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 1:32 PM on Sunday, December 20th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(December 20, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced the launch of its new website and of a 12-month online marketing campaign through AGORACOM for the purposes of engaging with current and future shareholders.

EXPOSURE THROUGH THE AGORACOM DIGITAL NETWORK

In 2019, AGORACOM surpassed 600 million page views, exceeded industry engagement metrics by over 400% and has served over 350 public companies.

The Peak HUB containing multiple landing pages, videos, photos and other helpful information updated in real-time over the next 12 months is live as of December 18 and can be found at:
https://agoracom.com/ir/PeakFintechGroup

The Peak HUB is expected to receive significant exposure through continuous brand impression, content marketing, search engine marketing and social media engagement throughout the entire AGORACOM network. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.

MODERATED DISCUSSION FOR MANAGEMENT AND SHAREHOLDERS

Peak has also launched a “CEO Verified” Discussion Forum on AGORACOM to serve as the Company’s platform to interact with both current and prospective shareholders in a fully moderated environment.

The Peak discussion forum can be found at:
https://agoracom.com/ir/PeakFintechGroup/forums/discussion

Expected Verified Peak Officers and Investor Relations Contacts:

  • Johnson Joseph, President and CEO, Peak Fintech Group
  • Cathy Hume, CEO, CHF Capital Markets
  • Iryna Zheliasko, Corporate Communications Manager, CHF Capital Markets

AGORACOM Founder George Tsiolis stated: “There is no denying the advent of Fintech and how it will shape the global economy’s financial future over the next decade. Whereas some companies use Fintech as a buzzword, Peak has already developed and commercialized its proprietary Lending Hub platform with great results in China, one of the world’s biggest but most fragmented markets. We pride ourselves on discovering disruptive small cap companies and look forward to helping bring the Peak story to the world.”

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

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.

Peak $PKK.ca $PKKFF Provides Corporate Update on Recent Events and Operations $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 7:44 AM on Tuesday, December 15th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

Montreal, Quebec–(December 15, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today provided the following update on its operations and recent events that have occurred since the end of the Company’s third quarter of 2020.

JIANGYIN FINANCIAL CENTRE

Summary and Update:

The Jiangyin Financial Centre is an initiative of the city’s municipal government. The city invited its 200,000+ businesses to join the Financial Centre to qualify for loans and credit from 34 banks and lending institutions based on data analysis and AI-based credit rules powered by the Lending Hub. Since its launch in late September, the Financial Centre has been responsible for almost 100 transactions and has brought more than 3,000 SMEs and several new raw material suppliers to the Lending Hub, including China’s 2nd largest supplier of specialized steel products.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Peak is building its Cubeler Lending Hub ecosystem as a nation-wide commercial lending ecosystem. The Jiangyin Financial Centre can be seen as a smaller all-encompassing version of the nation-wide ecosystem that will be replicated in other cities and provide Peak with an effective way to accelerate the expansion of the Lending Hub.

Main Benefits to Peak:

  • Government endorsement
  • Rapid service expansion with increased transaction volumes
  • Addition of new banks, lenders and businesses
  • Template for replication to other cities

GOLD RIVER PLATFORM

Summary and Update:

The Gold River platform is a multi-faceted e-commerce platform that allows clients to purchase products, sell products, manage inventory, make financing requests, organize group purchases and perform a number of other tasks related to supply-chain transactions from the perspective of a supplier or a retailer. By the end of the third quarter, Peak began re-directing some transactions related to its supply-chain financing services, previously outsourced to a third-party, to Gold River. Since then, the platform has continued to be involved in an increasing number of supply-chain financing transactions and has played a pivotal role in helping Peak sign two important agreements with national wholesale distributors.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

The platform used to operate independently of the Lending Hub but is now fully integrated as a key component of the ecosystem and serves as the gateway to the Lending Hub and the main interface through which Peak’s product distribution partners interact with the ecosystem.

Main Benefits to Peak:

  • Gateway to Lending Hub ecosystem for distribution partners
  • Versatility to service raw material suppliers, wholesalers and retailers
  • Ability to provide supply-chain financing related services previously outsourced by Peak

AGREEMENT WITH CONSUMER ELECTRONICS DISTRIBUTOR BEIJING DIANJING COMPANY LTD.

Summary and Update:

Under the terms of this agreement between Peak and Beijing Dianjing Company Ltd. (“BDC”), BDC’s 60,000 online retailers are eligible to get up to 90% of the value of the products they purchase from BDC financed by the Lending Hub’s participating banks and lending institutions. Since the signing of the agreement at the end of October, Peak was able to complete the data sharing interface between BDC’s systems and Peak’s Gold River platform, which is used as the interaction gateway between BDC and the Lending Hub ecosystem. A handful of closely-monitored and controlled transactions were also conducted, which are expected to continue before a planned large-scale deployment of the program in January 2021.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

SMEs are the most important members of the Cubeler Lending Hub ecosystem. Without them, their data and their need for funding there would be no lenders, no ecosystem and no revenue for Peak. Considering that through June 2020, the Lending Hub had less than 25,000 business members, and yet Peak is on pace to exceed CAD$40M in revenue for the year, the potential of adding 60,000 new businesses to the Lending Hub with a single agreement is transformative for the Company in so many ways.

Main Benefits to Peak:

  • Rapid addition of thousands of businesses to Lending Hub
  • Exceptional annual revenue potential
  • Entry into online retail vertical
  • Template for replication with other distributors

AGREEMENT WITH PACKAGED FOODS DISTRIBUTOR BEIJING JINGYING MANAGEMENT LTD.

Summary and Update:

Similar to its agreement with BDC, Peak’s agreement with packaged foods distributor Beijing Jingying Management Ltd. (“BJM”) allows for BJM’s 250,000+ retail clients to get up to 90% of the value of the products they purchase from BJM financed by the Lending Hub’s participating banks and lending institutions. Peak and BJM are still working on a roll-out plan with the first transactions expected to come by the end of 2020.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

With over 250,000 online and offline combined retailers potentially being added to the Lending Hub ecosystem from a single agreement, the BJM agreement is expected to have the biggest impact to date on the ecosystem. The signing of the agreement also validates Peak’s theory that its agreement with consumer products distributor BDC would serve as a template for agreements with other distributors.

Main Benefits to Peak:

  • Rapid addition of thousands of businesses to Lending Hub
  • Exceptional annual revenue potential

AGREEMENT WITH ITALIAN RETAILER GRUPPO COIN AND NETWORK OF SOCIAL MEDIA INFLUENCERS

Summary and Update:

Peak identified a financing need from social media influencers who have become a powerful sales force in the retail space in China and sought to fill that need. Peak signed an agreement with Italian retailer Gruppo Coin to provide short-term loans to social medial influencers who organize product showcase events broadcasted on social media platforms such as TikTok to sell the retailer’s products. This agreement with Gruppo Coin is merely a by-product of the relationship that Peak was able to establish with over 55,000 social media influencers with a combined 120M+ followers, which the Company expects to leverage to generate a new revenue stream by helping retailers all over the world sell to Chinese consumers. The first transactions under the Gruppo Coin agreement are pending and expected to happen shortly.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Many of the social media influencers operate as small businesses on TikTok and WeChat, which means they can and in fact must become members to the Lending Hub and give access to their business data to the platform in order to be eligible for loans and credit. Through its connection with certain social media influencers, Peak has been working on an interface that will allow sales and business related data to flow from TikTok, WeChat and other social media platforms to the Cubeler Lending Hub.

Main Benefits to Peak:

  • Access to powerful network of social media influencers
  • Provide entryway to Chinese retail market for North American and global retailers
  • Creation of potential new revenue stream

ACQUISITION OF BANKING AI SOFTWARE COMPANY ZHONGKE SOFTWARE INTELLIGENCE LTD.

Summary and Update:

Peak announced that it would be acquiring banking AI software company Zhongke Software Intelligence Ltd. (“Zhongke”). Zhongke develops analytics and AI software used by banks and financial institutions in China to make decisions on loan and credit applications, as well as to process and to manage the applications. The company owns 3 patents, 42 copyrights and 3 trademarks. Peak and Zhongke are in the process of completing their due diligence prior to finalizing the transaction.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

Whereas Lending Hub gathers and analyzes data on small business loan candidates from various sources and applies the banks’ credit rules to the data to help them determine who to lend to and who not to lend to, Zhongke’s software actually creates those credit rules, the logic that governs them and the AI capabilities to continuously improve them. So Zhongke’s software picks up where the Lending Hub platform leaves the credit analysis process for banks and lenders, which makes the applications near perfect complements of one another.

Main Benefits to Peak:

  • Strengthens Peak’s IP portfolio
  • Makes Lending Hub offering even more compelling to banks and lenders
  • Complements Lending Hub data set for improved AI functions, risk analysis and other uses

IMPLEMENTATION OF NEW CHINESE DIGITAL CURRENCY ON GOLD RIVER AND LENDING HUB PLATFORMS

Summary and Update:

Peak’s Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP), making them among the first to provide clients with the ability to conduct DC/EP transactions. The first DC/EP transactions on Lending Hub and Gold River are expected by the end of 2020.

Relevance and Connection to Cubeler Lending Hub Ecosystem:

By being able to conduct DC/EP transactions, Lending Hub clients are expected to benefit from lower interest rates for loans and credit facilitated through the platform, which should drive greater demand for Peak’s services.

Main Benefits to Peak:

  • First mover advantage and marketing leverage
  • Potential increase demand for services

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

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.

Peak $PKK.ca $PKKFF Implements Chinese Digital Currency and Welcomes China’s 2nd Largest Steel Supplier to its Ecosystem $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 7:38 AM on Friday, December 11th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).
  • Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous.
  • It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology.
  • The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.

Montreal, Quebec–(December 11, 2020) –  Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).

Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous. It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology. The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.

Peak began preparing its platforms for the DC/EP last month with the hiring of former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in that capacity. Through Mr. Wu’s expertise in the matter and his relationship with the Postal Savings Bank of China (http://www.psbc.com/en/), one of a select few banks with the DC/EP API, Peak’s platforms are now among the first to provide clients with the ability to conduct DC/EP transactions. In addition to its inherent security features, the DC/EP offers several benefits to businesses and financial institutions alike. For instance, loans and credit transactions conducted in DC/EP will on average carry lower interest rates than similar transactions conducted in regular yuan and transactions will be settled instantly, all of which are expected to make DC/EP transactions the preferred way of conducting business in China, and a way to increase transaction volume on Peak’s platforms. The Company plans to run a pilot project beginning later this month with a few supply-chain financing related transactions before making the feature available to all Gold River and Lending Hub clients.

Peak’s DC/EP pilot project will coincide with the arrival of Xingcheng Special Steel Works Ltd. (“XSSW”) (https://xctg.citicsteel.com/) to the Cubeler Lending Hub Ecosystem. XSSW is a subsidiary of conglomerate CITIC Ltd. (https://www.citic.com/en/). It’s the 2nd largest supplier of specialized steel products in China servicing a variety of industries and manufacturers with products such as bearings, alloy steel wires, plates, rods and springs that go into the making of numerous products. Peak and XSSW were connected through the Jiangyin Financial Centre following a series of financing requests from Jiangyin manufacturers to purchase material from XSSW. By officially adding XSSW to Lending Hub’s list of approved suppliers and working in partnership with XSSW, Peak will now be able to offer its supply-chain financing services to all XSSW clients through joint marketing initiatives.

Wall Street Reporter’s NEXT SUPER STOCK Livestream – December 15, 2020

Peak will be a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream conference on Tuesday, December 15, 2020 at 1:00pm EST. CEO Johnson Joseph will discuss Peak’s latest news events and answer investor audience questions. Those interested can click the following link to register and join the livestream: Next Super Stock Livestream Registration.

About Peak Fintech Group Inc.:

Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Fintech Group Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

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.

Peak $PKK.ca $PKKFF Records $15M Revenue in Q3, on Pace to Exceed $40M Year-End Target $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca $IDK.ca

Posted by AGORACOM-JC at 4:15 PM on Thursday, November 26th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

Q3 Financial Highlights:

  • Total revenue of $15,116,369
  • Adjusted EBITDA of $127,976
  • Total assets of $48,687,541

Montreal, Quebec–(November 26, 2020) –   Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced its financial results and operating highlights for the three-month and nine-month periods ended September 30, 2020, highlighted by a record $15.1M revenue for the quarter. All amounts expressed are in Canadian dollars.

Q3 Financial Highlights:

  • Total revenue of $15,116,369
  • Adjusted EBITDA of $127,976
  • Total assets of $48,687,541

Historical Revenue and adjusted EBITDA Summary

 Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019
Revenue$15,116,369$7,263,504$3,949,395$4,357,467$4,499,953
Expenses1$14,988,393$7,087,391$3,777,350$4,032,092$3,781,226
Adjusted EBITDA2$127,976$176,113$172,045$325,375$718,727

1 Expenses do not include interest, taxes, depreciation (including impairment of intangible assets) loss on extinction of debt, gain on bargain purchase and amortization

2 Adjusted EBITDA equals net income (loss) before finance costs, taxes, depreciation, amortization and impairment of intangible assets, loss on extinction of debt, gain on bargain purchase and amortization

Q3 Operating Highlights:

  • New Jinxiaoer Service Centres in Nanjing and Taiyuan
  • Equipment financing program powered by Cubeler Lending Hub in Xi’An
  • Launch of government-backed commercial lending Financial Centre powered by Cubeler Lending Hub in Jiangyin
  • First supply-chain financing related services, previously outsourced, provided through Gold River 2.0 platform

Third Quarter Financial and Operating Results Summary

“As we expected, the demand for our services, particularly as it pertains to the supply-chain, reached a new level in the third quarter, but we’re still very much in the early stages of our client acquisition plan in that vertical,” commented Peak Group CEO, Johnson Joseph. “The vast majority of our supply-chain financing business is still financing purchase orders placed with a few raw material suppliers by 200 or so manufacturers. The objective is to work our way down the transactional supply-chain where we can finance purchase orders placed with thousands of manufacturers and distributors by tens of thousands of retailers, and we began to see some of those transactions in the latter part of the quarter”.

“The financing services related to transactions between material suppliers and manufacturers that took place in Q3 were bundled with logistics services. We outsourced those services because we didn’t have the software system through which the purchase orders could be placed and some of the logistics services provided. But that’s in the process of changing. We spent the better part of a year making adjustments to Gold River to be able to provide those services ourselves, which should dramatically reduce our outsourcing expenses,” concluded Mr. Joseph.

The continued geographic expansion of Peak’s services certainly played a role in the increase in the quarterly revenue, but it’s really the demand from the supply-chain vertical itself, mostly in the cities where the financing services were already being provided, that has had the biggest impact on the revenue growth.

The revenue trajectory on which the Company now finds itself, combined with the impact that the re-emergence of its Gold River platform is expected to have on future outsourcing expenses, bolstered the Company’s 2021 profit repatriation plans. Peak therefore engaged with consultants and advisors during the quarter to begin implementing the mechanisms prescribed by the Chinese government for foreign companies to repatriate profits from their Chinese subsidiaries. Other than the aforementioned outsourcing expenses, fees paid out to consultants and advisors represented the biggest expenses for the Company in Q3.

In summary, the Company generated revenue of $15,116,369 for the three-month period and $26,329,268 for the nine-month period ended September 30, 2020, compared to $4,499,953 for the three-month period and $7,351,186 for the nine-month period ended September 30, 2019.

Total expenses before taxes for the quarter amounted to $15,505,739, compared to $4,998,367 for the same period in 2019. The net (after tax) loss for Q3 was $512,874 compared to $777,316 for the same period of 2019.

Full details of the Company’s third quarter 2020 financial results can be found in the Unaudited Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the three-month and nine-month periods ended September 30, 2020 and 2019, which are available at www.sedar.com.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

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.

Peak $PKK.ca $PKKFF Announces Effective Date of Name Change to Peak Fintech Group $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 9:14 AM on Thursday, November 26th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its name change to Peak Fintech Group Inc. will be effective as of Tuesday December 1, 2020 and its securities will begin trading under that name as of that date.
  • The Company’s ticker symbol will remain “PKK” on the Canadian Securities Exchange and “PKKFF” on the OTCQX® Best Market.

Montreal, Quebec–(November 26, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its name change to Peak Fintech Group Inc. will be effective as of Tuesday December 1, 2020 and its securities will begin trading under that name as of that date. The Company’s ticker symbol will remain “PKK” on the Canadian Securities Exchange and “PKKFF” on the OTCQX® Best Market.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

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.

Peak $PKK.ca $PKKFF to Host Webinar to Discuss Q3 2020 Results $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 10:31 AM on Monday, November 23rd, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Following the release of its Third (3rd) Quarter Financial Results on Thursday, November 26 at market close, the Company’s CEO Johnson Joseph and CFO Jean Landreville will host a webinar to discuss the highlights of the quarter followed by a Q&A period.
  • Those interested can click the following link to register to attend the webinar on Thursday, November 26 at 4:30 PM EST: https://bit.ly/395OGxl

Montreal, Quebec–(November 23, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that, following the release of its Third (3rd) Quarter Financial Results on Thursday, November 26 at market close, the Company’s CEO Johnson Joseph and CFO Jean Landreville will host a webinar to discuss the highlights of the quarter followed by a Q&A period.

Those interested can click the following link to register to attend the webinar on Thursday, November 26 at 4:30 PM EST: https://bit.ly/395OGxl

While there will be an opportunity to ask questions at the end of the presentation, Peak encourages its shareholders to send questions in advance to CHF Capital Markets at [email protected]. Should the Company not answer your question during the webinar, CHF will follow-up with a response after the event is over.

Peak management is looking forward to seeing you at the webinar.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

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.

VIDEO – Peak Fintech $PKK.ca $PKKFF CEO Johnson Joseph and ThreeD Capital $IDK.ca CEO Sheldon Inwentash, Discuss First Transaction Into 60,000 Store Marketplace – “You Ain’t Seen Nothing Yet” $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:22 PM on Sunday, November 15th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

How do you connect over 100M small businesses in China who need access to different kinds of credit …. with over 10K banks and lending institutions that have different lending criteria?

Well, if you try to do it the old fashioned way, you just can’t.  SMB’s (small and medium businesses) and Lenders are pretty much forced to deal within local markets which drastically reduces alternatives and business …. and both sides are left with a daunting, slow and inefficient manual workload. 

ENTER PEAK FINTECH

The Peak Fintech Lending Hub uses Artificial Intelligence and analytics to fully automate the process by which lenders and borrowers connect quickly and match perfectly across several market verticals.

When Joseph and Inwentash say this AI-Powered platform is revolutionizing the Chinese SMB commercial lending ecosystem, they’re not just paying lip service … Peak Fintech is delivering results

  • Reported revenue growth of 293% to $11.2 million for the first half of 2020
  • Targeting $40 million in revenues and $4 million in EBITDA for the 2020 year.
  • Platform now has lending products from 54 different banks and lending institutions
  • Signed Agreement To Bring Lending Hub To 60,000 Online Electronics Stores
  • Stores would use Lending HUB to finance purchase of electronics inventory
  • 100% market capture would translate into $1.35B in annual revenues 

Inwentash discusses what attracted him to PKK, what his interest is in the Company and what he sees for the Company’s future.

Joseph also discusses new government regulations in China since the Ant IPO was suspended and whether they would impact PKK, as well as, the Company’s growth outlook for 2021.  

Watch this great interview!

Peak $PKK.ca $PKKFF Records First Transactions Related to Program Bringing Financing to 60K Online Stores $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:39 AM on Thursday, November 12th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its Cubeler Lending Hub commercial lending platform has facilitated the first transactions related to a program created by the Company and consumer electronics wholesale distributor Beijing Dianjing Company Ltd. (“BDC”) to bring financing solutions to BDC’s 60,000 online retail clients
  • Newly-created purchase order financing program allows BDC’s clients, who collectively sell about CAD$50B worth of consumer electronics per year, to have up to 90% of the price of the products they purchase financed by any bank or lending institution represented on the Lending Hub.
  • Purchase orders for iPhones totalling a combined 48M RMB (about CAD$9.5M) coming from four JD.com (www.jd.com) affiliated stores were the first orders approved for funding through the program

\Montreal, Quebec–(November 12, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Cubeler Lending Hub commercial lending platform has facilitated the first transactions related to a program created by the Company and consumer electronics wholesale distributor Beijing Dianjing Company Ltd. (“BDC”) to bring financing solutions to BDC’s 60,000 online retail clients.

The newly-created purchase order financing program allows BDC’s clients, who collectively sell about CAD$50B worth of consumer electronics per year, to have up to 90% of the price of the products they purchase financed by any bank or lending institution represented on the Lending Hub.

Purchase orders for iPhones totalling a combined 48M RMB (about CAD$9.5M) coming from four JD.com (www.jd.com) affiliated stores were the first orders approved for funding through the program. The platform collected a fee equivalent to 2% of the annualized interest rate charged by the lender to finance the orders. The financing program was expected to start in early December, but pressing demand from the stores led Peak and BDC to take special measures to allow for these first transactions to be processed while the program is still undergoing minor adjustments.

“Our market research showed that there would be strong demand from online retailers for Lending Hub’s services, but we weren’t expecting to have to start the program almost a full month ahead of schedule,” commented Peak Group China CEO, Mr. Liang Qiu. “Retailers continuously buy and sell inventory and thus have an ongoing need for credit, a need that wasn’t properly addressed until today. We created a program that uses AI and analytics to help retailers buy more products from wholesalers, and are working with some of the country’s largest wholesale distributors to expand it nationwide. I think we have a unique opportunity here to positively impact a large segment of China’s CAD$6.5 trillion annual retail market. This is yet another way in which we believe we can accelerate the proliferation of the Lending Hub to every part of the country.”

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://peakfintechgroup.com/.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

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.