VANCOUVER, March 19, 2019 /PRNewswire/ - Parkit Enterprise Inc. ("Parkit" or the "Company") (TSXV: PKT; OTCQX: PKTEF) is pleased to announce that it has met the requirements of Tier 1 on the TSX Venture Exchange and that it will move to Tier 1 effective on Wednesday, March 20, 2019.  Tier 1 of the TSX Venture Exchange is reserved for the most advanced issuers with the most significant financial resources.

David Delaney, the Company's Executive Chairman commented that "The graduation to Tier 1 demonstrates the Company's financial development and we look forward to continuing to strengthen our business through targeted dispositions and through seeking new acquisition opportunities."

About PARKIT

Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across the United States and Canada. The Company's shares are listed on TSX-V (Symbol: PKT) and on the OTCQX (Symbol: PKTEF).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Parkit Enterprise Inc.