Parkit Appoints New Officers and Grants Incentive Stock Options

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Parkit Appoints New Officers and Grants Incentive Stock Options

PR Newswire

VANCOUVER, Aug. 23, 2018 /PRNewswire/ - Parkit Enterprise Inc. ("Parkit" or the "Company") (TSXV: PKT; OTCQX: PKTEF) announces the appointment of Steve Strauss and Avi Minkowitz to the offices of Vice-President of the Company.

Parkit has granted 50,000 incentive stock options to each of Mr. Strauss and Mr. Minkowitz, exercisable at the price of $0.29 per share for a period of 5 years, vesting over the first 12 months in 4 equal quarterly instalments.  This grant of options is subject to TSX Venture Exchange acceptance.

As previously announced on July 6, 2018, Mr. Strauss and Mr. Minkowitz joined the Company when Parkit purchased the operating assets of Smart Parking Solutions Canada Inc.  Since this acquisition, the Company has been actively seeking parking based real estate acquisitions and has seen deal flow increase dramatically.  Both Mr. Strauss and Mr. Minkowitz are focusing on deal origination.  The board of directors is excited by the new deal flow and are looking forward to increasing shareholder value through a targeted acquisition strategy.

About PARKIT

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

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this press release include those concerning the Company's intent to actively pursue acquisitions and increase its asset base using a targeted acquisition strategy.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including the risks disclosed in the Company's public filings on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits, if any, the Company might obtain from them.

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. 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/parkit-appoints-new-officers-and-grants-incentive-stock-options-300701907.html

SOURCE Parkit Enterprise Inc.

Copyright CNW Group 2018

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).