Peak Positioning Technologies Inc. (TSX VENTURE:PKK)(PINKSHEETS:PKKFF) ("Peak"
or the "Company") today announced that it has officially acquired the assets
associated with the Quickable Marketplace (the "Assets") from Quick Technologies
LLC ("Quick"). The transaction, which was first announced on March 26, 2014, was
closed as scheduled on June 13, 2014.


"We have been consistent with our message to shareholders that our objective is
to create long-term sustained value with exceptional growth potential", said
Johnson Joseph, President and CEO of Peak. "We've clearly laid out our strategy
for how we plan on doing that, and the announcement made today is a key
component of the execution of that strategy. Having the Quickable assets now in
hand really sets the stage for everything we set out to accomplish in 2014, both
in North America and in China", concluded Mr. Joseph.


"What really sold us on this acquisition is the vision that Peak has, not just
for Quickable, but for the Company's overall strategy and where it plans to be
tomorrow, 6 months from now, a year from now and beyond. We couldn't be more
pleased to be joining the ranks of Peak's shareholders at this point in time",
commented Doug Brenhouse, President of Quick.


As part of the total consideration package to be paid to Quick for the Assets,
as previously disclosed in the news release dated May 15, 2014, Quick received
from Peak 20 million Peak Common Shares at a deemed price of $0.05 per share.
The Peak Common Shares received by Quick are subject to a trading restriction
until October 14, 2014.


Debt Settlement with Newfield Partners LLC

Peak also announced that it has completed a "shares for debt" transaction with
Newfield Partners LLC ("Newfield"). On June 11, 2014, Peak issued 470,000 common
shares to Newfield at a deemed price of $0.05 per share to repay $23,500 worth
of short-term notes payable to Newfield, which matured on May 30, 2014.


Pursuant to Policy 5.9 of the TSXV and Multilateral Instrument 61-101 Respecting
protection of minority security holders in special transactions ("MI 61-101"),
the debt settlement transaction constitutes a "related party transaction" as
Newfield is controlled by Mr. David Kugler (the "Related Party"), who is a
member of Peak's Board of Director. In reviewing the applicable valuation
requirements under MI 61-101, Peak has determined that the exemption set out in
subsection 5.5 (c) of MI 61-101 is applicable since the transaction is a
distribution of securities of Peak to the Related Party for cash consideration.
In addition, subsection 5.7(b) provides that a transaction meeting such criteria
is also exempt from the minority shareholder approval requirement. Peak has not
filed a material change report 21 days prior to the closing of the debt
settlement transaction as no agreement to that effect was in place at that time.


About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. ("Peak"), (TSX
VENTURE:PKK)(PINKSHEETS:PKKFF), is a management company whose wholly-owned
subsidiary, Peak Positioning Corporation provides Web development services and
develops mobile software platforms destined to mobile network operators
worldwide. Peak aims to deliver value to its shareholders by assembling a
portfolio of high-growth projects and companies in mobile, mobile e-Commerce,
and Web development in North America and China. For more information:
http://www.peakpositioning.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.


The TSX Venture Exchange has in no way passed upon the merits of this
transaction and has neither approved nor disapproved the contents of this press
release. Neither the TSX Venture Exchange, Inc. nor its Regulation Service
Provider (as that term is defined under the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of the contents of
this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jeanny So
Senior Account Manager
CHF Investor Relations
Phone: 416-868-1079 ext.: 225
Email: jeanny@chfir.com


Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.
Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com