Poynt Common Shares to Begin Trading on OTCQX as "PNYTF" on January 9, 2012
09 1월 2012 - 9:00PM
Marketwired
Poynt Corporation (TSX VENTURE:PYN)(OTCQX:PNYTF) ("Poynt Corp." or
the "Company"), a global leader in mobile local search and
advertising, today announced that the common shares of the Company
will commence trading in the United States (the "U.S.") on the
OTCQX market under the symbol "PNYTF" at the open of markets
today.
The OTCQX marketplace is the top tier of the U.S.
Over-the-Counter markets operated by OTC Markets Group, Inc.,
providing end-to-end electronic quoting and trading capabilities
for 160+ market participants and 10,000+ companies. OTCQX is
currently home to more than 300 companies with over $1.2 trillion
in total market capitalization.
"We welcome Poynt Corporation to the OTCQX marketplace, where
information and visibility assist forward-thinking companies in
building investor confidence and expanding their shareholder base,"
said R. Cromwell Coulson, President and Chief Executive Officer of
OTC Markets Group. "To trade on the OTCQX market, companies like
Poynt Corporation must undergo a qualitative review and meet
certain financial standards."
Andrew Osis, CEO of Poynt Corp. states that: "The OTCQX offers
our growing U.S. investor base a combination of US-based quality
control, transparency, and accessibility of information, as well as
trading capabilities through regulated U.S. broker-dealers. We
believe these strengths and the broad visibility of OTCQX will
further assist our efforts to increase shareholder value."
Roth Capital Partners LLC serves as Poynt Corp.'s Principal
American Liason on the OTCQX, responsible for providing guidance on
the OTCQX requirements.
Poynt Corp.'s common shares will continue to trade as "PYN" on
the TSX Venture Exchange.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S.
Over-the-Counter (OTC) market. Investor-focused companies use the
quality-controlled OTCQX platform to offer investors transparent
trading, superior information, and easy access through their
regulated U.S. broker-dealers. The OTCQX platform offers companies
and their shareholders a level of marketplace services formerly
available only on a traditional U.S. stock exchange. For more about
OTCQX, visit www.otcmarkets.com.
About Roth Capital Partners LLC ("Roth")
Roth is an investment banking firm dedicated to the small-cap
public market. Roth's exclusive focus is to offer its clients a
full spectrum of investment banking services, including capital
raising, research coverage, trading and market making, merger and
acquisition advisory services, and investor conferences.
About Poynt Corporation
Poynt Corp. (about.poynt.com) (TSX VENTURE:PYN)(OTCQX:PNYTF) is
a global leader in the mobile local advertising space. Its Location
Based Search (LBS) and advertising platform, Poynt (www.poynt.com),
enhances a user's ability to connect with the people, businesses
and events most important to them. Poynt is available on Android,
iPhone, Windows Phone and Nokia devices, along with BlackBerry
smartphones and BlackBerry PlayBook Tablets in Canada, the United
States, Europe, India and Australia. Poynt Corp. entered the mobile
publishing space with the acquisition of an advertising publishing
platform in January 2011. Whether through the Poynt Local Search
Platform 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 and in the United States on
the OTCQX under the symbol PNYTF.
Important Cautions Regarding Forward-looking Statements
This news release contains forward-looking statements relating
to: the effect of an OTCQX listing on investor awareness; the
benefits and strengths of an OTCQX listing; the effect of an OTCQX
listing on building shareholder value; and other statements that
are not historical facts. 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 benefits of an OTCQX
listing; effect of OTCQX listing on building shareholder value and
on investor awareness; future technological developments; the cost
of expanding product lines; the impact of increasing competition;
the continuity of existing business relationships; the continued
successful development, implementation and execution of the Poynt
platform; continued growth in number of active users of the Poynt
platform; conditions in general economic and financial markets; the
ability to complete previously announced transactions; ability to
obtain all necessary regulatory approvals; and our ability to
obtain financing on acceptable terms. Material risk factors that
could cause actual results to differ materially from the
forward-looking information include, but are not limited to: risk
that the OTCQX listing will not have the intended effect on
investor awareness or building shareholder value; risk that the
benefits of the OTCQX listing will not be achieved; the
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;
the success of the Company's brand development efforts; risks
associated with strategic alliances; failure of counterparties to
perform on contracts; failure to successfully negotiate contracts;
failure to successfully negotiate additional preload agreements;
reliance on distribution channels; product concentration; need to
develop new and enhanced products; failure to obtain necessary
regulatory approvals; potential product defects; our ability to
hire and retain qualified employees and key management personnel;
risks associated with changes in domestic and international market
conditions and the entry into and development of new markets for
the Company's products; and the risks described under "risk
factors" in our Annual Information Form for the year ended December
31, 2010 which is available on our SEDAR profile
(www.sedar.com).
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.
Additionally, the Company undertakes no obligation to comment on
expectations of, or statements made by, third parties in respect of
the forward-looking statements identified above.
The BlackBerry and RIM families of related marks, images and
symbols are the exclusive properties and trademarks of Research In
Motion Limited. Apple App Store and iPhone are trademarks of Apple
Inc., registered in the U.S. and other countries. Windows is a
registered trademark of Microsoft Corporation in the United States
and other countries. Android is a registered trademark of Google
Inc. Nokia is a registered trademark of Nokia Corporation.
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.
Contacts: FOR POYNT CORPORATION Company Contact: Andrew Osis,
CEO 403-313-3719www.poynt.com North American Public Relations
Contact: Global Results PR for Poynt Corporation Valerie
Christopherson 949-608-0276poynt@globalresultspr.com Investor
Relations Contact: Liolios Group, Inc. Scott Liolios or Matt Glover
949-574-3860info@liolios.com
Poynt (CE) (USOTC:PNYTF)
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Poynt (CE) (USOTC:PNYTF)
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