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Peak Positioning Technologies Inc. Issues Stock Options(April 20, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 04/20/12 -- Peak Positioning Technologies Inc. ("Peak" or the "Corporation") (TSX VENTURE:PKK) announces that its Board of Directors has granted 2,490,000 stock options, at an exercise price of $0.10 each, to directors, officers and certain employees and consultants.
The options, granted in accordance with the Corporation's stock option plan, will be valid for a period of 5 years. Options granted to directors, officers and employees will vest over a 2 year period with an initial tranche of 25% vesting in 8 months, a second tranche of 35% in 16 months and the final 40% in 24 months.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. (TSX VENTURE:PKK), is a Canadian software developer for smartphones and other mobile computing devices, conducting business primarily in China and North America. In association with its partner, LongKey-Hong Kong Ltd, the company has developed a suite of applications for mobile devices that includes: cloud-based calendar, e-mail and contacts synchronization, automated device configuration, and HomeWavea mobility security. While LongKey markets the applications in China through its partnerships with major Chinese telecommunication companies and banks, Peak plans to similarly market the applications for its own account in North America. For more information: http://www.peakpositioning.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Peak Positioning Technologies Inc.
President and CEO
514-340-7775 ext. 501
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