MONTREAL, QUEBEC – (NEWSFILE – August 2, 2018) – Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today announced that its Chinese operating subsidiary and manager of the Cubeler commercial lending platform, Asia Synergy Data Solutions (“ASDS”), has recorded the first transactions on Cubeler from a non-affiliated lender since the creation of the Company’s Asia Synergy Financial Capital (“ASFC”) subsidiary.
XiAn XinRui Truck Leasing Company (“XXTL”), a financial services company specialized in providing long-term truck leasing services to small and medium-sized businesses who used the vehicles in the course of their daily business operations, used the Cubeler platform to facilitate transactions with 78 SMEs over a two-week period. The transactions were conducted as part of a pilot project initiated by ASDS to test Cubeler’s versatility to accommodate a variety of lenders and lending products. XXTL has now officially joined the platform and is expected to continue to use it as a tool to find new clients, mitigate its default risk exposure and automate its lending process.
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
CHF Capital Markets
Phone: 416-868-1079 ext.: 231
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Forward-Looking Statements / Information:
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