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Peak and LongKey Add Chinese Social Media Access Feature to AiNi(TM) Mobile Platform(June 12, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 06/12/12 -- Peak Positioning Technologies Inc. ("Peak") (TSX VENTURE:PKK) and its Chinese partner, LongKey-Hong Kong Limited ("LongKey") announced today that the next version of their mobile cloud platform, AiNi(TM)3.2, will include a feature aimed at facilitating access to China's most popular social media apps, including QQ and Sina Weibo, from 3G smartphones. The commercial release of AiNi(TM)3.2 is scheduled for the third quarter of this year.
QQ is the most popular free instant messaging application in China with well over 700 million active user accounts. While Sina Weibo, similar to a hybrid of Twitter and Facebook, allows users to stay in touch with one another via their personal web pages and postings, and to follow other users' such as celebrities' and public figures'. As of February 2012, Sina Weibo had more than 300 million registered users. Chinese smartphones equipped with AiNi(TM)3.2 will make it easier for subscribers to access these social media apps from their 3G phones to communicate with their contacts and post messages on the go.
"AiNi(TM)3.2 will change the way 3G phone users access the social media apps on their smartphones. We have reduced the number of steps involved in sending an instant message or posting a message, have cut the time required to do so, and have made the most popular social networking communication apps in China conveniently available directly from the smartphone owner's contacts" said Johnson Joseph, President and CEO of Peak. "With AiNi(TM)3.2, 3G phone users can now simply select a contact on their phone and are automatically presented with the social media ways in which they can communicate with that contact. They can then simply select any one of the available social media icons and immediately begin to communicate with that particular contact via the selected social media. This may not seem like a big deal, but we believe that making it easier to use these types of applications could be of significant importance to LongKey's telecom partners and positively impact their average revenue per user. Touching on social media apps also brings a consumer dimension to AiNi(TM), making the platform attractive to individuals in addition to businesses. With AiNi(TM)3.2, we are tapping into the much larger consumer market as well as the business market originally targeted by the platform," Mr. Joseph went on to say.
About The Chinese Telecom market:
China is the world's largest mobile phone market with over 1.01 billion mobile subscribers as of March 2012 according to the Ministry of Industry and Information Technology of the People's Republic of China and based on published data from China's three largest telecom service providers. Since 2008, the Chinese government has made a concerted effort to increase the use of 3G technology in China and the Chinese smartphone market is growing dramatically. U.S.-based International Data Corporation recently released a report indicating that China will account for 20.7%, or 137 million, of the projected 660 million global smartphone shipments in 2012, leapfrogging the United States to also become the biggest smartphone market in the world, measured by annual shipments.
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 HomeWave(TM) 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.
About LongKey-Hong Kong Ltd.:
LongKey Hong Kong Ltd., through its subsidiary LongKey Software Technology Ltd., provides a wide range of IT solutions, and cloud-based business management and mobile applications based on its proprietary Unified Information Services Platform (UISP). LongKey's applications are distributed to end-users in China by some of China's largest telecom and banking entities. For more information: http://www.longkeysoft.com.
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.
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
Pinnacle Capital Markets
Spyros P. Karellas
President and CEO
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