Dr. Samuel Herschkowitz reports

PROSPECT PARK CAPITAL CORP. ANNOUNCES CLOSING OF QUALIFYING TRANSACTION AND COMMENCEMENT OF TRADING

Prospect Park Capital Corp. has closed its previously announced transactions with SOK Partners LLC and IOI LLC which collectively constitute Prospect Park's qualifying transaction as defined by Policy 2.4 of the TSX Venture Exchange. The common shares of Prospect Park will commence trading on the TSX Venture Exchange on Oct. 24, 2014, under the trading symbol PPK and will continue in the business of a public health-care-focused investment corporation.

Pro forma capitalization

Pursuant to the qualifying transaction, Prospect Park issued an aggregate of 1,304,347 common shares to SOK. Following the completion of the qualifying transaction, 8,676,260 common shares are outstanding, and 2,814,976 common shares are reserved for issuance. At the closing of the qualifying transaction, 5,041,260 common shares are subject to escrow (including the 1,304,347 common shares issued to SOK on closing).

New chief financial officer

In connection with the qualifying transaction, as previously announced, Kyle Appleby was appointed the new chief financial officer in place of Dr. Samuel Herschkowitz, who will remain as chief executive officer.

Additional information about Prospect Park and the qualifying transaction is available on SEDAR.

Certain information provided in this press release regarding SOK Partners and IOI has been provided to Prospect Park by the respective parties and has not been independently verified by Prospect Park.

We seek Safe Harbor.