Parkit Issues Signing Bonus Shares to Two Employees

VANCOUVER, July 18, 2018 - Parkit Enterprise Inc. ("Parkit" or the "Company") (TSXV: PKT; OTCQX: PKTEF) announces that it will pay a signing bonus to its two new employees - Steve Strauss and Avi Minkowitz - in the form of common shares of Parkit. Each employee will receive 33,333 Parkit common shares.

Steve Strauss and Avi Minkowitz were two of the principals of Smart Parking Solutions Canada Inc. ("SmartPark"), and both have joined Parkit's management team as part of Parkit's recent acquisition of SmartPark's business assets in a transaction that was announced earlier this month.

Issuance of these bonus shares remains subject to TSX Venture Exchange approval.

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.

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 leverage Messrs. Strauss and Minkowitz' energy and experience in its efforts to accelerate growth and source and acquire new parking opportunities for Parkit.  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.

For further information please contact:

Bryan Wallner
Chief Executive Officer
Tel. (604) 424-8700
Email: bryan@parkitenterprise.com