Parkit Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA-- (May 14, 2015) - Parkit Enterprise Inc. ("Parkit," or "the Company") (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to announce the results of voting conducted on May 12, 2015, at the Company's Annual General Meeting of Shareholders. All Directors nominated within the Company's Information Circular, dated April 13, 2015, were elected, and all resolutions detailed within the Circular were passed. A summary of voting results is presented below:

Director Percentage of Votes For
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Rick Baxter   98.6%
Robert Emri   99.7%
Patrick Bonney   94.1%
Joel Dumaresq   99.6%
Pace Goldman   99.7%

Parkit is also pleased to announce that Joel Dumaresq has been appointed as the Chairman of the Board. Additional items subject to vote were as follows:

Item Percentage of Votes For
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Appointment of Auditors   99.8%
Stock Option Plan   94.2%
Advance Notice Provisions   98.7%



ABOUT PARKIT

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Rick Baxter
rick@parkitenterprise.com       
Tel. (604) 424-8707

Parkit Enterprise Inc.   
Suite 1088 – 999 West Hastings Street           
Vancouver, British Columbia  
Canada V6C 2W2

Web: www.parkitenterprise.com
Twitter: http://twitter.com/parkit_pkt

Neither the 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 news release.

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.  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.  In particular, there is no assurance the joint venture will acquire aggregate assets of $500 million; that the Company will realize any or all of the earn-outs from its existing parking assets; or that the joint venture will be profitable.