TORONTO, April 23, 2019 (GLOBE NEWSWIRE) — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) is pleased to announce that it has qualified for conditional funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).
NRC IRAP provides advisory services and funding to Canadian small and medium-sized businesses to support the research, development and improvement of innovative technologies, products, and processes. This particular research and development project will support the company’s development of the WASDPro platform. The Company has also been earmarked for additional resources and support for the WASDpro platform through, the Government of Canada’s Accelerated Growth Service (AGS) which is an initiative that offers services to specific firms to assist them in identifying and possibly facilitating access to relevant federal and/or external programs and services intended to help the firm’s growth objectives.
“This shared, non-dilutive investment from the Government of Canada in ongoing development of the Company’s technological platforms represents a tremendous milestone and validation of the business opportunity. I would like to congratulate our development team on putting forth a strong proposal for NRC IRAP support and for their dedication through the due diligence process. We are extremely proud being a Canadian based and government supported project and look forward to creating many jobs and opportunities here for skilled and talented Canadians,” states Mark Itwaru, CEO and President of Peeks Social.
The WASDPro beta site will be available May 2019.
For further information, please contact:
|Peeks Social Ltd.|
|Mark Itwaru||David Vinokurov|
|Chairman & Chief Executive Officer||Director Investor Relations|
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Source: Peeks Social Ltd.