Peak Provides Chinese Operations Revenue Update - Erie News Now | WICU & WSEE in Erie, PA

Peak Provides Chinese Operations Revenue Update


Montreal, Quebec--(Newsfile Corp. - October 4, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") is pleased to announce that its Chinese subsidiary, Asia Synergy Data Solutions ("ASDS"), is now generating revenues from two of the three services expected to be the main revenue generators for ASDS related to its operation of the Cubeler commercial lending platform.

During the month of September 2017, Cubeler registered lender Jiu Dong ( used the GoldLegal™ service ( in connection with 141 loans, for which ASDS receives 150 RMB (about $30) per loan per month for the 12 month terms of the loans.

In addition to the revenues generated by GoldLegal™, ASDS also took part in 5 loans under the Cubeler platform's "Lend with Me" (LWM) program during the month of September. The LWM program offers lenders the possibility to share the loan and the interest payments earned on the loan with ASDS, while the risk associated with the loan can either be shared by both parties or assumed entirely by the lender. The 5 LWM transactions that took place in September involved borrowers that were existing Jiu Dong clients for which ASDS put up a total of 500,000 RMB (about $100,000). Since the borrowers were introduced by Jiu Dong, under the terms of the LWM program, Jiu Dong has agreed to assume 100% of the risks associated with the loans, while ASDS earns a 10% risk-free annual interest rate on the amount it put up for the loans.

With today's announcement, Peak now has 2 of Cubeler's 3 expected service offerings up and running with only the matching service between lenders and borrowers remaining to be activated. That service is expected to available once the first of the more than 40,000 ICBC small and medium business clients currently on standby begin to arrive on the platform. So when factoring Gold River's service offerings, this means that 3 of Peak's 5 service offerings in China are now active and able to generate revenue for the Company. The table below provides an updated overview of Peak's service offerings in China by subsidiary:



Service Offering

Revenue Model




GoldLegal™ Service Subscription

$30 per loan per month during the term of the loan for which the service is used


Lend with Me Program*

10% to 15% annual interest earned on loans extended


Lender & Borrower Matching Service

One-time transaction fee charged on all credit transactions between lenders and borrowers representing 0.25% of the value of the transaction up to a maximum of $200


Gold River

Sale & Distribution of Raw Material & Metals

Gross margin of 0.5% to 1.00% on sale and distribution of raw material and metal purchase orders



Lend with Me Program*

10% to 15% annual interest earned on loans extended

Gold River

Raw Material PO Financing

1.5% to 2.0% monthly interest earned on purchase orders financed

*ASDS is only expected to serve as the Cubeler platform LWM program lender until ASFC is operational and able to assume that role. Once ASFC is active, all of ASDS' responsibilities under the LWM program will be transferred to ASFC.

"Needless to say, we're very pleased with how well the Cubeler concept has been received by the handful of lenders and businesses that we've introduced it to so far", commented Liang Qiu, CEO of AST and ASDS. "What took place in September with the GoldLegal™ and LWM program transactions and the thousands of ICBC business clients eager to get on the platform confirms that we truly have something here that is very appealing to the Chinese commercial lending space", Mr. Qiu went on to say.

"The transactions that took place in September were very important to show the continued progress of the Company's transition from a materials trading focused company to a financial services focused company", said Johnson Joseph, President and CEO of Peak. "As that transition continues over the next quarters, shareholders can look forward to the resumption of the materials trading transactions on Gold River, the first PO financing transactions on Gold River and the first transactions involving ICBC business clients on Cubeler as the last indicators of the completion of that transition. We look forward to reporting continued progress of that transition in the Company's financial statements", concluded Mr. Joseph.

About the Cubeler Platform:

Cubeler is a commercial lending platform that matches any business looking for credit with a variety of lenders. Cubeler periodically reads financial data coming from the registered businesses' accounting software, analyses several data points and calculates a series of financial ratios to determine how well the business is performing. Those data points and ratios are then compared to Cubeler's registered lenders' lending criterial and the resulting matches are shown to the lenders and the businesses, much like the way a dating website would show its members their compatible matches.

About the Gold River Platform:

Gold River is a product procurement platform for raw materials that go into the making of plastic products and for certain metals such as copper and aluminum. In addition to allowing them to place orders for metals and raw materials, Gold River allows the platform's registered users to have a portion of a purchase order or an entire purchase order placed on the platform financed.

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 high-growth-potential companies and assets in some of the fastest growing tech sectors in China, including Fintech, e-commerce and cloud-computing. Peak provides its shareholders with exceptional growth potential by giving them access to the fastest growing sectors of the world's fastest growing economy. For more information:

Contact information:

Cathy Hume
CHF Investor Relations
Phone: 416-868-1079 ext.: 231


Johnson Joseph
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.

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