Poynt Corporation

Poynt Corporation

April 11, 2011 08:04 ET

Poynt Announces Preload on Select Handsets From Virgin Mobile USA and Boost Mobile

Poynt Application Now Available on Two of Sprints Pre-Paid Brands

CALGARY, ALBERTA--(Marketwire - April 11, 2011) - Poynt Corporation ("Poynt Corp." or the "Company") (TSX VENTURE:PYN), a leading provider of mobile local search services, today announced an agreement with Boost Mobile and Virgin Mobile USA, to preload the Poynt Application ("Poynt") on prepaid smartphones that run on the Sprint Nationwide Network. The first device with Poynt preloaded was the Virgin Mobile LG Optimus V, which debuted earlier this year. Virgin Mobile and Boost Mobile are two of Sprint's prepaid brands.

Poynt is a convenient and timesaving GPS-enabled mobile application that connects consumers to local businesses, events, restaurants, movie theaters, gas prices and weather information at the moment they are looking to buy or acquire products or services. Poynt provides consumers the ability to move beyond discovery of their local area to view movie trailers and reviews, buy movie tickets, click-to-call businesses, get directions, browse listing websites and read reviews and book dining reservations.

"The popularity Poynt has already achieved with users on BlackBerry smartphones and on Android devices will be greatly enhanced by the ease of discoverability that this preload agreement provides," said Andrew Osis, CEO, Poynt Corp. "Virgin Mobile and Boost Mobile are two of the most popular prepaid brands in the United States and we are confident this agreement will result in strong user acquisition and retention for both of them."

Poynt is available as a free download to users in Canada, the United States, Germany, the United Kingdom, Italy, France, Spain and Australia for BlackBerry® smartphones and for iPhone and iPod Touch, Android and Window Phone 7 devices from the respective App Stores. Poynt is also available via Over the Air download at m.poynt.com.

About Poynt Corporation

Poynt Corp. (about.poynt.com) is a global leader in the mobile local advertising space. Their location based search application, Poynt (www.poynt.com), enhances the consumers' ability to connect with the people, businesses and events most important to them. Poynt is available on BlackBerry smartphones, iPhone and iPod Touch, Android, Nokia and Windows Phone 7 devices in Canada, the United States, Europe and Australia. Poynt Corp. entered the mobile publishing space with the recent acquisition of an advertising publishing platform. Key contracts on both the supply and demand sides are in place to provide inventory into the platform and publishers to display the inventory. Whether through the Poynt local search app or the ad publishing platform, Poynt Corp. simplifies connecting consumers with businesses, retailers and events. Headquartered in Calgary, AB, Canada, Poynt Corp. trades on the TSX Venture Exchange under the symbol PYN.

Forward-looking statements

This news release and related disclosure contains forward-looking statements relating to the preload agreement with Sprint and other statements that are not historical facts, including statements regarding the preload agreement resulting in stronger user acquisition and retention and other potential benefits of the preload. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The results or events predicated in these forward-looking statements may differ materially from actual results or events. As a result, you are cautioned not to place undue reliance on these forward-looking statements.

These forward-looking statements are based on certain key assumptions regarding, among other things: the ability of the Company to provide a preload version and the level of market interest in the preloaded app. Material risk factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: risks that the anticipated benefits of the preload will not be achieved; risks that the preload will not result in anticipated revenues; will cost more or will result in the dedication of more management time than anticipated; deteriorating economic and market conditions that could lead to reduced spending on information technology products; competition in our target markets; potential capital needs; management of future growth and expansion; the development, implementation and execution of the Company's strategic vision; risk of third-party claims of infringement; protection of proprietary information; customer acceptance of the Company's existing and newly introduced products and fee structures; and the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; the need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of new for the Company's products.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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 release.

Contact Information

  • Media Communications Contact:
    FortyThree PR, Inc for Poynt Corporation
    Evie Carter

    Financial Communications Contact:
    Trilogy Capital Partners
    Darren Minton
    Toll-free: 800-592-6067

    Poynt Corporation:
    Andrew Osis
    President & CEO