CALGARY, ALBERTA--(Marketwire - April 30, 2012) - Poynt Corporation (TSX VENTURE:PYN) (OTCQX:PNYTF) ("Poynt Corp." or the "Company"), a global leader in mobile local search and advertising, today reported results for its fourth quarter and fiscal year ended December 31, 2011. All figures below are in Canadian dollars.

Q4 2011 Operational Highlights

• The Company's mobile local search and advertising platform, Poynt ("Poynt" or the "Platform"), surpassed 12.4 million unique users representing 154% growth year over year
• Launched timesPoynt in India, a co-branded platform that merges the Poynt Platform's mobile local search capabilities with timesCity.com content and advertising network
• Signed agreement with Nokia to preload timesPoynt on all Nokia Lumia 710 and Nokia Lumia 800 smartphones sold in India
• Launched global on-device offering with Samsung to position Poynt on all Samsung GALAXY devices

Full Year 2011 Results

Revenues increased 139% to $2.4 million from $1.0 million in 2010. This improvement was primarily due to the continued global increase in Poynt user adoption.

Net loss for 2011 was $20.5 million or $(0.05) per basic share, compared to a net loss of $16.9 million or $(0.07) per basic share in 2010. This loss is comprised of $5.8 million of non-recurring items. Adjusting for this, the loss is $14.7 million, which was in line with expectations. The increase was primarily due to the significant investment of Company resources in the development of the China Joint Venture. Other expenses included continued engineering of the Poynt platform and additional marketing initiatives that address growth opportunities in global geographies and to increase advertising within the Poynt platform.

The 2011 net loss also included $6.3 million of non-cash items comprised of $2.7 million of amortization and depreciation, $1.4 million related to impairment and losses on assets and $2.0 million of stock-based compensation and $0.2 million on onerous leases and other. This compares to $10.0 million of non-cash items in 2010 which were comprised of $2.2 million of amortization and depreciation, $7.2 million related to impairment of assets from adoption International Financial Reporting Standards and $714,000 of stock-based compensation. After adjusting for these non-cash items, 2011 net cash loss was approximately $14.2 million, compared to $6.9 million in 2010.

Poynt User Stats

Total unique users increased 21% sequentially to 12.4 million from 10.2 million in the previous quarter, and increased 154% from 4.9 million in 2010. As of April 30, 2012 the Platform's unique user base exceeds 15.4 million. Poynt Corp.'s revenue model includes user queries, page views, display advertising and transactions within the Platform, with user growth a key metric that drives the Company's revenues. Each user query generates several page views, which are monetized through display advertising and sponsored listings paid for by our advertisers. These advertising placements generate revenues on a cost per thousand impressions, or CPM, basis or on a cost per click, or CPC, basis. Transactions, such as ticket sales and restaurant reservations, also contribute to revenues on a fee for service basis.

Management Commentary

"In 2011, we achieved record revenues, more than double over 2010, which was driven by increased user adoption and our monetization efforts," said Andrew Osis, CEO, Poynt Corp. "In fact, we added more than 7.5 million users in 2011, and through our partnership with timesCity (Times Internet Limited of India), we expanded into India, one of the largest mobile markets in the world."

Mr. Osis continued, "Entering 2012, we continued to experience tremendous user adoption across multiple platforms and geographies, especially in India, where timesPoynt has seen a 766% increase in unique users since the beginning of the year. This adoption rate clearly reflects our focus on expanding Poynt's feature set with user relevant content, as well as adding engaging capabilities that promote daily use. Our global user growth has in part been driven by greater awareness of the Poynt brand resulting from our targeted marketing efforts and on-device offerings."

"Through both geographic expansion and new preload agreements, our position in the mobile application space is strengthening. We expect to exceed 40 million users by the end of 2012, including 20 million new users from our China Joint Venture." Mr. Osis concluded, "We expect this scale to broaden our revenue streams and allow us to target a cash flow positive state by year's end, which could be further strengthened by the initial monetization of our expanding IP portfolio. Additionally, the Company expects to issue an update with respect to activities relating to the China Joint Venture in the near future."

Conference Call

Andrew Osis, CEO, Poynt Corp., will host the presentation followed by a question and answer period.

Date: Tuesday, May 1, 2012

Time: 10:30 a.m. Eastern time (8:30 a.m. Mountain time)

Dial-in number: 1-877-941-8416

International: 1-480-629-9808

Conference ID#: 4534715

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.

To listen to the live webcast please go to [ http://viavid.net/dce.aspx?sid=000096DD ]. A replay of the webcast will be made available in due time following the conclusion of the call via Poynt's website at [ www.poynt.com ].

A telephone replay of the call will be available after 1:30 p.m. Eastern time (11:30 a.m. Mountain time) and until June 1, 2012.

Replay number: 1-877-870-5176

International replay number: 1-858-384-5517

Replay PIN #: 4534715

About Poynt Corporation

Poynt Corp. ([ www.poynt.com ]) (TSX VENTURE:PYN) (OTCQX:PNYTF) is a global leader in the mobile local search and advertising space. Its Location Based Search (LBS) and advertising platform, Poynt, 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, but not limited to, the Company's revenue model including the addition of new users, increased advertising inventory, the ability to attract more advertisers and the Company's monetization efforts; anticipated effect of targeted marketing efforts and on-device offerings on user growth; expectations regarding increased user growth, including user growth from the China Joint Venture; ability of the Company to achieve a cash flow positive run rate by year's end; and anticipated effect of initial monetization of the Company's expanding IP portfolio on revenues and cash flows. 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 ability of the Company to monetize the Platform; the continued successful development, implementation and execution of the Platform; the ability of the Company to protect its intellectual property; conditions in general economic and financial markets; future technological developments; the cost of expanding product lines; the impact of increasing competition; acceptance rate of the Platform by users; continued growth in number of active users of the Platform; the continuity of existing business relationships; 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: risks that the Company will not be able to successfully monetize the Platform; that the deteriorating economic and market conditions could lead to reduced spending on information technology products; competition in the Company's 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 and fee structures; the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; 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 for the Company's products; failure of counterparties to perform on contracts; failure to successfully negotiate contracts; failure to obtain necessary regulatory approvals; 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.

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.

Poynt Corporation

Consolidated Statement of Financial Position

Poynt Corporation

Consolidated Statement of Comprehensive Income

Contributing Sources

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