CALGARY, ALBERTA--(Marketwire - March 22, 2012) - Poynt Corporation (TSX VENTURE:PYN.V - News) (OTCQX:PNYTF.PK - News) ("Poynt Corp." or the "Company") today announced the issuance of 5,050,000 stock options at an average exercise price of $0.13 to officers of the Company.
The options have been granted under the terms and conditions of the Company's approved option plan. The Company has a 10% "rolling" option plan which reserves for issuance on exercise of options a maximum of 10% of the number of common shares of the Company outstanding from time to time.
About Poynt Corporation
Poynt Corporation (www.poynt.com) (TSX VENTURE:PYN.V - News) (OTCQX:PNYTF.PK - News) 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.
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.