Peak Positioning Technologies Inc. (CNSX:PKK) concluded an agreement to acquire credit outsourcing operations of Wenyi Financial Services Co. Ltd. on December 27, 2018. Consideration will comprise of 4 million Peak common shares per quarter over the first four quarters beginning on January 1, 2019, and up to 2 million Peak common shares per quarter over the next two quarters after that for a total of 20 million Peak common shares over an 18-month period. The Peak common shares issued to Wenyi's shareholders will be deemed to have been issued at a price of CAD 0.10 per share. If at the end of the 18-month period over which the shares are to be issued, a total of 20 million shares were issued to Wenyi's shareholders and the listed price of Peak's common shares is less than CAD 0.10 per share, then Wenyi's shareholders will receive a number of additional Peak common shares such that the total aggregate value of the previously issued shares and the additional shares multiplied by the listed price of Peak's common shares at that time equals CAD 2 million. Wenyi's shareholders will receive the maximum number of Peak common shares to which they are entitled in a quarter only if the business generates a minimum of CAD 0.13 million in EBITDA for the quarter, otherwise they will receive a pro-rata number of Peak common shares of the EBITDA generated by the business for the quarter. Wenyi will effectively transfer its operations, including most of its 20 employees, service agreements and assets. A new entity will be created with the name Asia Synergy Credit Solutions to take care of the operations. Jiangang Qiu will be named Chief Executive Officer of Asia Synergy Credit. Deal is expected to close by December 31, 2018. Following the transfer of Wenyi's operations Peak's Cubeler commercial lending platform will be used to automate the services previously provided by Wenyi. Peak Positioning Technologies Inc. (CNSX:PKK) completed the acquisition of credit outsourcing operations of Wenyi Financial Services Co. Ltd. on January 18, 2019.