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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.

Peak $PKK.ca $PKKFF Expands New Financing Program, Adds 2nd Distributor with Over 250K Retail Clients $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:43 AM on Thursday, November 19th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that it has signed an agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. to bring Peak’s Cubeler Lending Hub financing solution to BJM and its more than 250,000 retail clients
  • Peak launched a financing program powered by Lending Hub in October specifically designed to provide better cash flow flexibility to large wholesale distributors and their retail clients
  • The program, which recorded its first transactions a week ago, allows for retailers to have up to 90% of the price of the products they purchase from participating distributors financed by the Lending Hub’s banks and lending institution

Montreal, Quebec–(November 19, 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 it has signed an agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. (“BJM”) to bring Peak’s Cubeler Lending Hub financing solution to BJM and its more than 250,000 retail clients.

Peak launched a financing program powered by Lending Hub in October specifically designed to provide better cash flow flexibility to large wholesale distributors and their retail clients. The program, which recorded its first transactions a week ago, allows for retailers to have up to 90% of the price of the products they purchase from participating distributors financed by the Lending Hub’s banks and lending institutions.

BJM is the second wholesale distributor to subscribe to the program joining consumer electronics product distributor Beijing Dianjing Company Ltd., which helped launch the program with its 60,000 plus online retail clients. BJM is a major distributor of a variety of popular products from China Oil and Foodstuffs Corporation (COFCO), for which it has exclusive distribution rights to approximately 200,000 Petro-China convenience stores and on online retail giant JD.com. COFCO is a state-owner food processing company. It’s China’s largest food processor, manufacturer and commodities trader. With operations in Japan, the US, the UK, Australia and Canada, it’s one of the largest agribusiness groups in all of Asia.

Most recently BJM became an authorized distributor of RELX brand e-cigarettes, one of China’s most popular and fastest growing brands of e-cigarettes, sold at over 3,000 retail outlets throughout the country.

“We are very pleased to be joining this wonderful financing program created by Peak,” commented Mr. Yang Zhang, CEO of BJM. “We have no doubt that this will be extremely beneficial to most of our clients and we very much look forward to getting them signed up as quickly as possible,” he went on to say.

“I would like to take this opportunity to welcome Mr. Zhang and BJM to our new Lending Hub financing program and look forward to working with him and his team,” said Peak Group China CEO, Mr. Liang Qiu. “BJM’s arrival to the program brings us a great mixture of online and offline stores and allows us to further showcase Lending Hub’s versatility when it comes to its ability to help businesses up and down the supply chain whether they operate predominantly online or offline. We’ve noticed somewhat of a blurring of the online and offline retail space lately including JD.com announcing plans for a network of 5 million brick-and-mortar stores in the next 3 years. I think with Lending Hub’s ability to process and analyze data coming from its member businesses both online and offline, Peak is ideally positioned to play an increasingly important role in this blurring or evolution of the retail space,” concluded Mr. Qiu.

Wall Street Reporter’s NEXT SUPER STOCK Livestream – November 19, 2020

Peak will be a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream conference on Thursday November 19, 2020 at 12:30pm EST. CEO Johnson Joseph will discuss the addition of BJM to Peak’s new financing program, the potential annual revenue it could bring 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 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.

Peak $PKK.ca $PKKFF Shareholders Vote to Officially Change Name to Peak Fintech Group $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 12:13 PM on Monday, November 9th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • At a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc.
  • The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.

Montreal, Quebec–(November 9, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, announced that at a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc. The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.

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]chfir.com

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 Hires Former People’s Bank of China Senior Manager as Special Advisor $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:01 AM on Friday, November 6th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that it has hired former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company’s Cubeler Lending Hub platform for China’s upcoming digital currency.
  • Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. (CDT), a Fintech company located in Suzhou that he created to provide products and services designed to help companies, banks and financial institutions conduct transactions in digital yuan.

Montreal, Quebec–(November 6, 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 it has hired former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company’s Cubeler Lending Hub platform for China’s upcoming digital currency.

Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. (CDT), a Fintech company located in Suzhou that he created to provide products and services designed to help companies, banks and financial institutions conduct transactions in digital yuan. Prior to founding CDT, Mr. Wu was a senior manager at the People’s Bank of China (PBOC), China’s Central Bank, where he worked in the Credit Information Centre and Cross-border RMB Settlement departments while also leading the R&D department of the Central Bank’s Nanjing branch. CDT is currently working closely with the PBOC to promote the use and adoption of the digital yuan in Suzhou.

“We’re very pleased and excited to have Mr. Wu join our team to help us get Lending Hub ready for the digital RMB,” commented Peak Group China CEO, Mr. Liang Qiu. “The digital RMB has been in the works for a few years now as the Central Bank has been pushing the whole country toward a cashless society. It is therefore very important for a company like Peak, considering the services we provide, to be at the forefront of this evolution. Having an opportunity to work with Mr. Wu and to benefit from his expertise and direct connection to the PBOC is priceless”.

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.