Peak's Answer To LongKey Questions

As promised, I asked Peak some follow up questions about LongKey after the conference call. Specifically:

• How is LongKey doing now?
• Is the automated process a done deal or still ongoing?
• What's the upfront capital requirement now, if any?
• Can they fund a partial roll-out based on existing cash flows?
• I know LongKey management is on board with the focus on Banlan, but what about ICBC and the 5,000 manufacturers, how long can they wait? 

This is the answer I got back from Johnson.



So it looks like the IFS business is on hold for now, but LongKey is still active and working on a next generation solution. We should not expect any significant revenues out of LongKey until Peak confirms its focus back onto that business.