Parkit Appoints Avi Geller as Interim CEO

VANCOUVER, Oct. 30, 2018 /PRNewswire/ - Parkit Enterprise Inc. ("Parkit" or the "Company") (TSXV: PKT; OTCQX: PKTEF) is pleased to announce that it has appointed Avi Geller as interim Chief Executive Officer of the Company.  Avi will work with David Delaney, Executive Chairman, to source new investments, monetize the existing portfolio of assets, and oversee the general affairs of the business.  The Board of Directors is excited to welcome Avi, a major shareholder, to this position at the Company.  The Company is committed to harvesting the value within its existing portfolio and to redeploying its capital into new investments.  Since the formation of the new board of directors, the Company has reviewed an increased number of potential acquisitions. The Company looks forward to continuing this pace of investment evaluation in order to pursue accretive acquisitions.        

About PARKIT

Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across the United States. 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.

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.  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.  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 the Company will obtain from them, if any.

SOURCE Parkit Enterprise Inc.