MONTREAL, QUEBEC – (NEWSFILE – October 1, 2018) – Peak Positioning Technologies Inc. (CSE: PKK) (“Peak” or the “Company”) today released consolidated revenue and EBITDA forecasts for its group of companies for the remainder of 2018 as well as for the fiscal years of 2019, 2020 and 2021. Peak’s revenue is projected to go from $1.1M in 2018 to $94.2M by 2021. The Company expects to be EBITDA positive in 2019, while forecasting EBITDA of $20M in 2020 to scale to $56.5M by 2021. More details on the financial projections are included as part of an executive summary presentation available on the Company’s website, which can be downloaded by clicking on the following link: PKK October 2018 Executive Summary Presentation.
Peak will also publish a Q&A style interview related to the investor presentation, which details the Company’s subsidiaries’ respective business models, on October 15, 2018. Those who would like to submit questions for the Q&A interview are invited to do so by sending them to firstname.lastname@example.org with “Financial Projections Q&A” as the subject line. All questions must be received by no later than 5:00pm EST on October 10, 2018.
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:
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.