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Peak and LongKey Open Shared Facility in Taizhou, China(April 24, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 04/24/12 -- Peak Positioning Technologies Inc. ("Peak") (TSX VENTURE:PKK) and its Chinese partner, LongKey-Hong Kong Ltd. ("LongKey") today announced that they have opened a shared-cost office, in Taizhou, Jiangsu province, China. The new office will, among other things, provide sales and customer support to LongKey's telecom partners and their clients who subscribe to LongKey services.
LongKey has been providing a variety of business management applications to China Telecom subscribers since 2008. After forming a partnership venture with Peak last year, Peak and LongKey have redesigned and upgraded LongKey's mobile applications platform. The new product, AiNi(TM)3.0, was recently released commercially in Jiangsu province. It provides a unified platform for various mobile applications to share functions and access common cloud-based data. AiNi(TM)3.0 subscribers can gain competitive advantage and greatly simplify the task of managing their mobile communications.
"We're very proud of our customer service track record and we are known for speed of service," said Albert Bao, LongKey's Chief Operating Officer. "Sometimes this involves sending a customer service representative on-site and we felt it was important for us to have a base of operations in Taizhou", he continued.
With its central location within Jiangsu province, the new Taizhou office is intended to help support LongKey's expected customer growth, as a result of the launch of AiNi(TM)3.0, in Taizhou and neighbouring cities, from a single location. The new office is also expected to be a convenient location for LongKey's telecom partners' sales representatives to attend product update and training sessions.
"Jiangsu is the most densely populated province in China with of over 79 million inhabitants and it's the province with the highest GDP per capita," said Laval Bolduc, Chief Financial Officer of Peak. "AiNi(TM)3.0 is expected to significantly help increase the sale and distribution of LongKey's mobile applications in Jiangsu, making it an ideal location for our first physical presence in China," he concluded.
About The Chinese Telecom market:
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, there were 987 million mobile subscribers in China as of January 2012. 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 become the biggest smartphone market in terms of annual shipments in the world.
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: 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, business management applications, 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: 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
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