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Poynt Corp. Reports Significant Growth in timesPoynt Mobile Search Users in India, Driven by Increasing Demand for Location-Based ServicesPoynt Corp. to Co-Host Webinar on April 10 with Mobile Marketing Association to Discuss Market Opportunities for LBS in India (April 04, 2012)
GURAGON, INDIA and CALGARY, ALBERTA -- (Marketwire) -- 04/04/12 -- Poynt Corporation (TSX VENTURE:PYN)(OTCQX:PNYTF) ("Poynt Corp." or the "Company") today announced that since October 2011, timesPoynt, the India-specific mobile local search application offered by Poynt Corp. and TimesCity.com (Times Internet Limited) has seen 900% growth in mobile search users over the past six months. In addition, timesPoynt has seen over 300% growth in average daily users since marketing efforts began in late February 2012.
The growing popularity of timesPoynt demonstrates how the mobile search app is successfully addressing the country's increasing demand for mobile information and engagement.
To discuss the growth of market opportunities for location-based search (LBS) in India, Poynt Corp. and the Mobile Marketing Association (MMA) will co-host a free webinar, entitled "Smartphone Growth and the Adoption of LBS in India" on Tuesday, April 10 (11:00pm EDT) / Wednesday, April 11 (11:00am SGT).
"With more than 900 million mobile subscribers and 87% growth in smartphone sales in 2011, India has become one the most important growth markets for location-based services," said Andrew Osis, CEO, Poynt Corp. "More than ever, India's smartphone subscribers need LBS solutions such as timesPoynt that make it easier to create meaningful and relevant connections to the goods, services or genuine experiences they require."
The growth trajectory for mobile usage and the LBS market opportunity that it presents in India will be the primary topics of discussion during the April 10th webinar. Michael Becker, Managing Director, North America for the MMA and Rohit Dadwal, Managing Director, APAC for the MMA will moderate the webinar. Featured speakers include Marco Hunstad, Senior Vice President of Business Development and Global Distribution for Poynt, and Siddhaarth Jalan, Assistant Vice President of TimesCity.com.
"India has been one of the fastest-growing mobile markets in the world for some time, and now we are seeing strong consumer adoption of mobile services as subscribers spend an average of 2.5 hours on their phones each day," said Rohit Dadwal of the MMA. "As one of the market leaders for LBS in India, timesPoynt brings a valuable perspective to our upcoming webinar, and we look forward to joining them to discuss the tremendous market opportunities for mobile search and advertising in India."
To register for the free webinar, visit the MMA website or click this link: https://www3.gotomeeting.com/register/707663526.
About Poynt Corp.
Poynt Corp. (about.poynt.com) (OTCQX:PNYTF)(TSX VENTURE:PYN) 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 all major smartphone and tablet platforms in nine countries. 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, Alberta, Canada, Poynt Corp.'s common shares trade 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, but not limited to: the market opportunity for LBS, mobile search and advertising in India; benefits of timesPoynt to smartphone users; demand for LBS solutions by smartphone users in India; 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: continued growth and adoption of timesPoynt by smartphone users in India; continued market opportunity for LBS, mobile search and advertising in India; 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 timesPoynt and Poynt; ability to successfully implement new search features; ability to achieve the anticipated effect on user retention, user queries and revenues from new search features; continued growth in number of active users of timesPoynt and Poynt; conditions in general economic and financial markets; the ability to complete previously announced transactions; ability to obtain all necessary regulatory approvals; ability to successfully implement new search features; and Poynt's 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: the deteriorating economic and market conditions that could lead to reduced spending on information technology products; competition in our target markets; risk of reduced demand for LBS, mobile search and advertising in India; failure to achieve the anticipated growth and benefits of timesPoynt; failure to successfully implement new search features; failure to achieve the anticipated effect on user retention, user queries and revenues from new search features; 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; 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.
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.
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Investor Relations Contact Poynt:
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