Poynt Corporation

Poynt Corporation

June 17, 2011 17:30 ET

Poynt Corporation Announces Changes to Management Team and Board of Directors

CALGARY, ALBERTA--(Marketwire - June 17, 2011) - Poynt Corporation (TSX VENTURE:PYN) ("Poynt Corp." or the "Company"), a leading provider of mobile local search services, today announced that effective immediately, Marvin Igleman has stepped down from his role as the Company's Chief Strategy Officer and has resigned his position on the Board of Directors. In addition, Alex Zivkovic has resigned from his role as Vice President, Business Analytics. Both Mr. Igleman and Mr. Zivkovic will remain connected to the Poynt team as consultants on the Company's patent portfolio.

Mr. Igleman and Mr. Zivkovic joined the Poynt team with the February 2010 acquisition of UnoMobi Inc. ("Unomobi"). In that transaction, Poynt acquired all the net assets of Unomobi, which brought with it a patent portfolio having priority to 1999, including the now granted Patent 7,870,229.

This patent, along with the patent 7,941,430 mark important protective features and barriers to entry for competitors of the Company's location-based search model, allowing for the delivery of location-based, contextual and relevant data, sorted by proximity to users. Collectively, these patents enhance Poynt's position in the mobile advertising and offer marketplace and further position the Company as a global leader in location-based services.

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 iPhone and iPod Touch, Android, Nokia QT and Windows Phone 7 devices, BlackBerry® smartphones and BlackBerry PlayBook™ Tablets 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.

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

  • Public Relations Contact:
    Evie Carter
    FortyThree PR, Inc.

    Poynt Corporation:
    Andrew Osis
    President & CEO