Portlogic Systems Inc.
OTC Bulletin Board : PGSY

Portlogic Systems Inc.

March 18, 2010 13:41 ET

Portlogic Systems Signs Exclusive Agreement to Distribute Mobile Ticketing Solution

TORONTO, ONTARIO--(Marketwire - March 18, 2010) - Portlogic Systems Inc. (OTCBB:PGSY), a software developer and solutions provider for Internet and mobile commerce, announced today the signing of an exclusive agreement with 2709 Innovations, a leading provider of mobile technology. In the agreement Portlogic will offer 2709's mobile ticketing engine under Portlogic's Ticketing product m2Ticket.

The use of mobile phones for everyday transactions has experienced a sharp increase, with subscribers expected to reach 5.2 billion worldwide by 2011, according to Infonetics Research. Mobile ticket sales will also see a jump according to Jupiter Research, which forecasts that nearly 15 billion tickets will be delivered to subscribers' mobile devices worldwide by 2014, compared to just over 2 billion this year. m2Ticket is Portlogic's solution to meet this growing demand.

The agreement is a milestone for Portlogic's m2Ticket solution, which has plans to begin presentations to the industry as early as next month. A proven technology, the system is currently being used by UK bus operator Arriva, which launched the technology for all of its regional services in England, Scotland and Wales. The deployment, believed to be the largest of its kind in the world, covers approximately 1,000 routes served by Arriva's regional fleet of 4,500 buses. Also used in air travel, the system is currently being used by Malaysian airline, Firefly.

m2Ticket provides a way for travelers to register, buy a ticket via credit, debit card or cash. On the day of travel, the ticket is activated and displayed on users mobile phone screen. The user then simply needs to show at check-in or to the driver/operator. A robust and scalable platform the enterprise system has been designed from the ground up to easily integrated into existing ticketing systems.

"We look forward to presenting the many advantages of using m2Ticket to the industry and believe that this agreement will give us a definite product advantage against comparable solutions," commented Jueane Thiessen, CFO, Portlogic Systems Inc.

Ray Breen, Managing Director, 2709 Innovations further commented, "We have developed a world-class technology that delivers easy, fast and very secure mobile commerce (m-commerce) solutions to everyday mobile phones and we are pleased to partner with Portlogic in this strategic relationship.

About Portlogic Systems Inc.

Incorporated in 2006, Portlogic Systems Inc. is a mobile and Internet software developer and solutions provider for electronic payments, ticketing and marketing delivery and community communication systems. According to Gartner Research, by 2013, Mobile users will download more than 21 billion mobile apps, worth more than $30 billion. Portlogic's goal is to continually research, develop and market the most convenient and advanced software tools that receive information and manage daily tasks.For more details please visit www.portlogicsystems.com.

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