Portlogic Systems Inc.

Portlogic Systems Inc.

September 21, 2015 17:45 ET

Portlogic Corporate Update

TORONTO, ONTARIO--(Marketwired - Sept. 21, 2015) - Portlogic Systems Inc. (OTCQB:PGSY), a mobile and Internet software developer is pleased to announce that it has made significant strides in its principal product families: m2Meet, m2Bank, m2Market, m2Ticket, m2Kiosk, and m2Workflow. As detailed in its most recent 10K filing, the company continues to focus on completing and commercializing all of its products and services.

M2Meet is currently being developed from Portlogic's proprietary web based source code. Internet and mobile users with similar interests will use m2Meet to socially network and connect using location based technology such as GPS. Anyone can send out a request within a geo-fence in order to locate another user for a variety of social activities.

M2Bank will provide clients the ability to transfer funds locally and internationally with rates that are up to 80% less than banks.

M2Market will give brands and advertisers the ability to push an offer directly to mobile phones through a multiple of mediums including Wi-Fi, near filed communication, Bluetooth or high frequency audio.

M2Ticket will be provided as a white label ticketing solution which manages the sale and delivery of tickets through mobile phones for the entertainment industry.

M2 Kiosk is a self contained ad platform that offers high quality video and rewards its viewers with rebates or coupons immediately after watching the sponsor's message.

M2Workflow has been designed for corporations looking to high granular control over all of its digital assets, including documents, videos, images and contracts.

Prior to January 2010, Portlogic invested heavily in the development of an online interactive community portal software which allows all sectors of a community to interact with their constituents. The system is now fully functional and ready for deployment.

Since June 2012, Portlogic been developing a complete suite of Unified Communication Solutions for the SME community that are now ready to be deployed.

In September 2013, FAMILIES social media network site was released for Alpha testing. Portlogic is now pleased to report that it is in the final stages of development, and a select group of beta testers will provide feedback on the web version, and will be creating a mobile interface in the next few quarters.

In addition to the software development, Portlogic has completed its "back-end" development of a global Voice-Over-IP Service aimed at multinational callers. The system will allow users to place calls using their choice of technology including Voice Over IP, GSM, and soft clients running on mobile devices at rates that are up to 85% cheaper than traditional mobile carriers.

"We are excited that after all of these years of hard work, we can finally see a direct path to market. Our suite of disruptive products is now ready for commercialization and I am pleased to report that the company will immediately begin searching for an experienced management team who will drive revenue in every product class." says Jueane Thiessen, CFO.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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 unified communication systems. 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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