Poynt Corporation
TSX VENTURE : PYN

Poynt Corporation

November 16, 2010 09:02 ET

Poynt Corporation Wins ASTech's 2010 Innovation in Information and Communications Technology Award

Stephen Lougheed, Chairman, Poynt Corporation, wins for Outstanding Contribution to the Alberta Science and Technology Community

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2010) - Poynt Corporation ("Poynt Corp." or the "Company") (TSX VENTURE:PYN), a leading provider of mobile local search services, is pleased to announce it has been recognized by Alberta Science & Technology Leadership Foundation (ASTech) as the winner of the 2010 Innovation in Information and Communications Technology (ICT) award. Poynt Corp.'s Chairman, Stephen Lougheed, was also recognized for his outstanding contribution to the Alberta Science and Technology community.

ASTech was created 21 years ago to celebrate and promote the achievements of Alberta's scientific and technological communities. To date, they have recognized 240 leaders--individuals and organizations operating world-class technologies on a local and global scale. In doing so, they elevate the province's status as a science and technology leader and inspire future innovation in Alberta and around the world. ASTech believes that by showcasing the outstanding innovation coming from Alberta, others are stimulated to excel and achieve even greater outcomes. This year, ASTech recognized 12 award winners – the brightest minds and most innovative enterprises practicing and operating in the province today.

The Innovation in ICT award is presented to an individual, team or organization that has demonstrated leadership and innovation resulting in the successful development and/or commercialization of a novel product or application of Information, Communications Technology, and that has had a significant impact in enabling applications in a sector. Poynt Corp. was recognized for the development and commercialization of the Poynt Local Search application and their innovative use of geomatics and large scale data sourcing and integration. The Company was also recognized for their impact in Alberta's science and technology community by developing a world-class mobile solution available in eight countries to over four million users.

Mr. Lougheed has made significant breakthroughs in business activities yielding hundreds of millions of dollars in new value and hundreds of jobs in Canada and Alberta. He's also been instrumental in developing public policy affecting Alberta's science and technology industry. The recognition of his contribution to Alberta's science and technology community includes his involvement with three past and current ASTech Award winners; spearheading the creation of Alberta Information and Communications Technology Institute; his tenure on the Alberta Science and Research Authority; and, the establishment of Tecterra, Canada's Centre of Excellence for Integrated Resource Management.

"We are absolutely honoured to be recognized among such an outstanding peer group whose work furthers scientific advancement," said Andrew Osis, CEO, Poynt Corp. "The entire Poynt team deserves the recognition for this award because it is truly them that makes this honour possible."

"We are fortunate to have a company like Poynt Corporation in Calgary," said Brent Allison, TELUS Corporation and Board Director of ASTech Foundation. "The caliber of the Poynt product and what they have achieved in global reach is on par with companies you would expect to be located in Silicon Valley."

"Mr. Lougheed's passion for moving science & technology forward and his recognition of the value that Alberta can bring to the global landscape, makes him a worthy recipient of the outstanding contribution to Alberta's Science & Technology community," adds Mr. Allison.

About Poynt Corporation

Poynt Corporation (about.poynt.com) develops and operates mobile applications that enhance the consumers' ability to connect with the people and businesses most important to them. Their multi-award-winning Poynt application (www.poynt.com) is a mobile local search service available over BlackBerry smartphones, iPhone and iPod Touch as well as Android and Windows Phone 7 devices. Through agreements with directory and vertical content providers in Canada, the United States, Europe and Australia, Poynt simplifies finding and connecting with businesses, retailers and events wherever and whenever it is most convenient for the consumer. The MyInboxNow offering enables low-end feature phones to behave like smartphones for email access. MyInboxNow is available to mobile operators as a private label solution. 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

  • FortyThree PR, Inc for Poynt Corporation
    Evie Smith
    831-401-3175
    poynt(at)43pr.com