Poynt Corporation

Poynt Corporation

February 15, 2011 03:01 ET

Poynt Corporation Signs MocoSpace as First Ad Distribution Partner

BOSTON, MASSACHUSETTS and CALGARY, ALBERTA--(Marketwire - Feb. 15, 2011) - Poynt Corporation (TSX VENTURE:PYN) ("Poynt Corp." or the "Company") is pleased to announce an agreement with MocoSpace, the leading entertainment destination on the mobile Internet,, as the first distribution partner for Poynt Corp.'s newly acquired mobile local ad publishing platform.

The Poynt App ("Poynt" or the "App") is a convenient and timesaving GPS-enabled application that connects consumers to local businesses, restaurants and movie theatres at the moment they want to buy or acquire products or services. Poynt gives consumers the ability to move beyond discovery of their local area to view movie trailers and buy tickets, book dining reservations, view directions on a map, click-to-call the business, view their website, add results to calendar or email results to friends without exiting the application.

MocoSpace, with over 16 million members generating 7 billion mobile ad requests a month, is one of the largest mobile publishers in the United States. MocoSpace was founded in 2005 to capitalize on three emerging trends: the mobile web, social entertainment and mobile advertising.

"We are excited to have MocoSpace on board as our first ad distribution partner," said Andrew Osis, CEO, Poynt Corp. "MocoSpace is a widely respected mobile social network and they were an excellent choice to be our first distribution partner as we begin to move into the ad distribution space."

"Poynt Corp. has deep roots in the mobile space which complement the strengths of MocoSpace," said Justin Siegel, CEO of MocoSpace. "We are happy to be Poynt's first distribution partner because both companies understand the opportunities and nuances of mobile advertising."

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 devices and Windows Phone 7 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

  • Media Communications Contact:
    Evie Carter
    FortyThree PR, Inc for Poynt Corporation
    Financial Communications Contact:
    Trilogy Capital Partners
    Darren Minton, President
    Toll-free: 800-592-6067
    Poynt Corporation Contact:
    Andrew Osis
    President & CEO, Poynt Corp.