BELLINGHAM, Ontario--(BUSINESS WIRE)--Oct. 8, 1996--Peak Technologies (Alberta Stock Exchange:PKT.A.) Doug Foster, President and CEO of Peak Technologies announces completion of its Special Warrant Private Placement as previously announced on July 30, 1996. The private placement consists of 1,333,333 special warrants at $0.60 per special warrant for proceeds totaling $800,000.
Proceeds from this placement will be used for continued development and marketing activities of the company's newly announced Java based Internet performance products. As previously announced, Peak is preparing to commence shipments in the coming weeks of Peak Net.Jet, the first real time on-line Internet acceleration product.
Peak Technologies Inc. is a diversified Internet software company with offices in Vancouver, B.C., Bellingham, WA., and Boston, MA. Peak uses proprietary technology to provide the general public with high quality Internet performance products. For investor information please call 1-888-377-PEAK or 604-943-0663, fax 604-943-1833 or email: invest@peak-media.com.
The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.
CONTACT: Peak Technologies Inc.
Investor Relations, 604/943-0663
604/943-1833 (FAX)
E-MAIL: invest@peak-media.com
INTERNET: http://www.peak-media.com
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