Le chairman de Zhonghai Wanyue demande un délai additionnel pour compléter le transfert de fonds à Peak

Montreal, Quebec–(Newsfile Corp. – April 29, 2016) – Les Technologies Peak Positioning inc. (CSE: PKK) (OTC Pink: PKKFF) (« Peak » ou la « Compagnie ») annonce que suite à un appel conférence qui a eu lieu plus tôt aujourd’hui entre le chairman du Groupe Zhonghai Wanyue, M. Jiang Wang, et la direction de la Compagnie, que M. Wang a officiellement demandé un délai jusqu’au 15 mai afin de faire parvenir la balance de 3,44M$ due à Peak du montant initial de 3,98M$ de leurs partenariat d’investissement stratégique.

M. Wang a expliqué qu’il aura besoin de plus de temps qu’il pensait originalement avoir besoin pour liquider et sortir les fonds nécessaires de son compte à cause de certaines lois passées récemment affectant certain secteurs de l’industrie des services financiers en Chine. « Depuis les nouvelles lois, certaines transactions qui pouvaient normalement être complétées en 24 ou 48 heures, par exemple le dépôt et traitement d’un chèque, peuvent maintenant prendre jusqu’à deux semaines avant d’être complétées », a commenté M. Wang. « Je suis conscient que bon nombre d’investisseurs de Peak, quelque uns que j’ai rencontré lors de mon passage à Montréal il y a quelques semaine, attendent avec anxiété depuis déjà un certain temps pour que cette transaction soit complétée. Je voudrais leurs présenter mes excuses et les rassurer qu’il n’est plus qu’une question de temps, et aussi simple que de déposer un chèque, avant que les fonds à être envoyés à Peak soient disponibles pour compléter le transfert et clôturer la transaction », a conclu M. Wang.

Le délai requis par Mr. Wang pour compléter la transaction prend également en considération le congé de la Fête du Travail Chinois qui aura lieu cette année du 30 avril au 4 mai.

À propos de Les Technologies Peak Positioning inc. :
Les Technologies Peak Positioning inc. est une société de gestion de portefeuille en TI dont la mission est d’assembler, de financer et de gérer un portefeuille comprenant des actifs et des sociétés à haut potentiel de croissance opérant dans les secteurs économiques les plus en expansion en Chine, tels le fintech, le e-commerce et les services infonuagiques. Peak donne l’opportunité à ses actionnaires de participer aux secteurs économiques les plus en expansion de l’économie avec le taux de croissance le plus rapide au monde. Pour plus d’information : http://ift.tt/1byd5XT

Contact :

Cathy Hume
Chef de la direction
CHF Investor Relations

Tél.: 416-868-1079 poste : 231
Courriel: cathy@chfir.com

Ou

Carl Desjardins
Dirigeant associé
Paradox Relations Publiques inc.

Phone: 514-341-0408
Email: carldesjardins@paradox-pr.ca

Ou

Johnson Joseph
Président et chef de la direction
Les Technologies Peak Positioning inc.

Tél.: 514-340-7775 poste : 501
Courriel: investisseurs@peakpositioning.com

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Zhonghai Wanyue Chairman Requests More Time to Complete Transfer of Funds to Peak

Montreal, Quebec–(Newsfile Corp. – April 29, 2016) – Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) (“Peak” or the “Company”) today announced that following a conference call earlier today between Zhonghai Wanyue Group Chairman, Mr. Jiang Wang, and the Company’s management, that Mr. Wang has officially asked to be given until May 15 to send to Peak the balance of $3.44M remaining on their original $3.98M strategic investment partnership agreement.

Mr. Wang explained that he will need more time than originally anticipated to cash out and withdraw the necessary funds from his account due to recently passed regulations affecting certain sectors of the Chinese financial services industry. “Since the new regulations, certain transactions that typically were completed within 24 to 48 hours, for instance, having a cheque cleared, can now take up to two weeks to complete”, commented Mr. Wang. “I realize that there are a number anxious Peak shareholders who have been waiting for quite a while now for this transaction to close, some of whom I met during my visit to Montreal a couple of weeks ago. I’d like to apologise to these shareholders and would like to re-assure them that it’s simply a matter of time, and as simple as cashing a cheque, before the funds to be sent to Peak are made available for the transfer to be completed and the transaction closed”, concluded Mr. Wang.

The time delay to complete the transaction requested by Mr. Wang also takes into consideration the Chinese Labour Day holiday, which this year takes place from April 30 to May 4.

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: http://ift.tt/1byd5XT

Contact information:

Cathy Hume
CEO
CHF Investor Relations

Phone: 416-868-1079 ext.: 231
Email: cathy@chfir.com

Or

Carl Desjardins
Managing Partner
Paradox Public Relations Inc.

Phone: 514-341-0408  
Email: carldesjardins@paradox-pr.ca

Or

Johnson Joseph
President and CEO
Peak Positioning Technologies Inc.

Phone: 514-340-7775 ext.: 501
Email: investors@peakpositioning.com

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Earth Alive Reports Fourth Quarter and Year End Results for 2015

Montreal, Quebec–(Newsfile Corp. – April 29, 2016) – Earth Alive Clean Technologies Inc. (CSE: EAC) (“Earth Alive” or the “Corporation”), a leading developer and manufacturer of state-of-the-art microbial technology-based products for agriculture and dust control, today reported its financial results and operational highlights for its fourth quarter and year ended December 31, 2015.

Highlights from FY 2015:

  • Revenues of $1,356,540 for the year, a 382% year over year increase
  • Agriculture revenues of $469,282, a 630% year over year increase
  • Dust revenues of $887,258 for the year, a 316% year over year increase
  • Signed an exclusive three-year agreement with Brenntag Latin America for the production and sales of its patent-pending EA1 dust suppressant product

“This past year, Earth Alive’s microbial technologies began disrupting the agriculture and dust suppression industries” stated David Gilmour, CEO of Earth Alive. “2015 was filled with watershed moments and I am extremely pleased that we delivered considerable traction for our Corporation on multiple fronts; we moved beyond the R&D stage and focused on setting the stage for the planned international commercialization of Earth Alive’s proprietary product portfolio. The Corporation was successful at following its business development plan and at realizing many milestones, namely the exclusive distribution agreement reached with Brenntag Latin America for our EA1 dust suppression product, quickly followed by a similar agreement with Brenntag for our Soil Activator™ biofertilizer. We continue to work hard to strengthen our partnership with Brenntag to leverage their distribution network for both our Agriculture and Dust Suppression Business Units. The Earth Alive team is continuing to prove that business objectives and environmental sustainability can make great partners.”

Mr. Gilmour added, “Reaping the rewards of our new international distribution agreements is a process that takes time and patience to leverage, and we remain totally focussed on executing this business plan. We are more than ever confident that we are on the right path to bringing significant value for our shareholders. “

Financial Highlights for the Fourth Quarter and Year Ended December 31:

    Three months ended     Year ended  
    December 31,     December 31,  
In Canadian Dollars   2015     2014     2015     2014  
Revenue   464,966     60,226     1,356,540     355,583  
Gross Margin   252,712     (12,319 )   596,047     136,604  
%   54.4%     -20.5%     43.9%     38.4%  
Operating Expenses   865,614     516,020     2,461,641     2,027,377  
Financial (Income) Expenses   36,596     (10,818 )   140,944     992,378  
Net Loss   (628,271 )   (517,521 )   (1,882,797 )   (2,883,151 )

 

About Earth Alive Clean Technologies:

Earth Alive aims to be a key player in world markets of environmentally sustainable industrial solutions. The company works with the latest innovations in microbial technology to formulate and patent innovative products that can tackle the most difficult industrial challenges, once only reserved to environmentally harmful chemicals and additives. The company is focused on environmental sustainability in 1) dust control for the mining industry, and 2) the agriculture industry.

For additional company information, please visit SEDAR at www.sedar.com and www.earthalivect.com

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Earth Alive believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Earth Alive Clean Technologies Inc.,
1001, Lenoir Street, Suite B-338,
Montreal (Qc) Canada
H4C 2Z6
T.(438) 333-1680

For media information and interview requests, please contact:
Mr. David Gilmour
(e) dgilmour@earthalivect.com
(p) 514-814-2899

For investor relations, please contact:
Mr. Frédérick Chabot
(e) frederick@contactfinancial.com
(p) 438-863-7071

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Chelsea Oil & Gas Ltd. Announces Filing of 2015 Financial Statements and Management’s Discussion and Analysis

Calgary, Alberta–(Newsfile Corp. – April 29, 2016) – Chelsea Oil & Gas Ltd. (OTC Pink: COGLF) (“Chelsea”) announces that it has filed its audited consolidated financial statements and accompanying notes for the years ended December 31, 2015, 2014 and 2013, and its related management’s discussion and analysis with applicable Canadian securities regulatory authorities. Copies of these documents may be obtained through the Internet on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.

For further information contact:

Chelsea Oil & Gas Ltd.
+1 (403) 457 1959
info@chelseaoilandgas.com
http://ift.tt/1wKmaGe

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ChroMedX Reports on HemoPalm Development

Toronto, Ontario–(Newsfile Corp. – April 29, 2016) – ChroMedX Corp. (CSE: CHX) (OTC: MNLIF) (FSE: EIY2) (the “Company“), a developer of in vitro diagnostics and Point-of-care Testing technologies is pleased to report on the Company’s HemoPalm development programme.

During the first four months of 2016, ChroMedX focused on refining the HemoPalm cartridge design through machining, and developing essential components of the HemoPalm analyzer.

“We have made significant progress so far in 2016 and are very pleased that there have been several important developments which will expand the utility and market of the HemoPalm. We have successfully engaged new technical resources and have concentrated efforts on our cartridge and biosensor technologies. The Company is now focused on optimizing the cartridge development in order to shift to the process of molding, and completion of the breadboard analyzer for testing the cartridges.” said Dr. Wayne Maddever, President & CEO. “

HemoPalm Development

The HemoPalm project has made progress on several key fronts. The HemoPalm system consists of a disposable single use cartridge and a handheld analyzer. The system utilizes both spectroscopic measurements for CO-oximetry and bilirubin, and biosensor measurements for blood gases and electrolytes.

Proof-of-concept for CO-oximetry and bilirubin was completed. CO-oximetry is the gold standard for hemoglobin and oxygen saturation measurements and the inclusion of this technology makes the HemoPalm the only hand held analyzer in the world to combine CO-oximetry, blood gases and electrolytes. In addition, the successful demonstration of the measurement of bilirubin, an indicator of liver function and essential for the detection of neonatal jaundice, will expand the market for the HemoPalm.

The other critical development area is that of the electrochemical sensors used in the cartridge. ChroMedX recently announced the addition of Conductive Technologies Inc. (CTI) of York, PA. to this effort that is led by Polygenesis. CTI, which produced the current gold sensor array on a polymer substrate brings over 60 years of sensor and electronics expertise to the project and is leading the development of automated deposition of the critical ion selective membranes to the sensor array. Polygenesis has a long history in the field and the principal was part of the development team that created the Abbott i-Stat analyzer.

The Company previously reported on the cartridge development work being undertaken with Shenzhen Hochuen Technologies Co. Ltd. of Shenzhen China. Led by Dr. James Samsoondar, ChroMedX CSO, the cartridge has undergone several iterations of design refinement and recently demonstrated blood flow into the optical chamber by capillary action, for subsequent spectroscopic analysis. Design of the microfluidics is a critical aspect of the cartridge design and is patent protected. Another patent protected aspect of the cartridge design will allow for sample collection from a simple finger prick, or heel prick in the case of neonates, directly into the cartridge without the need for collection with a capillary tube and subsequent transfer. This aspect of the HemoPalm cartridge is not available in any hand-held or lab blood gas analyzer.

After successfully testing cartridges on the breadboard analyzer as mentioned before, the next step would be to package the analyzer components into a hand-held analyzer, and proceed towards clinical testing of the HemoPalm system for FDA submission.

About ChroMedX Corp.

ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing.  The devices are protected by the Company’s issued US and pending international patents, dealing with blood collection, analysis and plasma/serum processing.

Follow ChroMedX Corp.:
Website: www.chromedx.com
Facebook: http://ift.tt/1tTtxtu
Twitter: http://www.twitter.com/Chromedxcorp

Investor Enquiries:
Shawn Overton
d. 647-528-9344
o. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
soverton@ChroMedX.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com

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IIROC Trade Resumption – Zomedica Pharmaceuticals Corp.

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2016) – Trading resumes in:

Company:

Zomedica Pharmaceuticals Corp.

TSX-V Symbol:

ZOM

Resumption Time (ET):

08:00 May 02, 2015

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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IIROC Trade Resumption – Euromax Resources Ltd.

Vancouver, British Columbia–(Newsfile Corp. – April 29, 2016) – Trading resumes in:

Company:

Euromax Resources Ltd.

TSX-V Symbol:

EOX

Resumption Time (ET):

08:00 May 02, 2015

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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