CALGARY, ALBERTA--(Marketwire - Aug. 24, 2012) - Poynt Corporation (TSX VENTURE:PYN) ("Poynt Corp." or the "Company"), a global leader in mobile local search and advertising, today announced management changes that continue the Company's efforts to improve operational efficiencies and reduce costs in order to maximize shareholder value.

On June 25, 2012, the Company placed Margaret Glover-Campbell, SVP Marketing and External Communications, and Brad Murray, SVP Technology, on temporary layoff. As of August 24, 2012, Margaret Glover-Campbell and Brad Murray have not been recalled and have been issued a Record of Employment. As such, their employment with Poynt has ceased.

About Poynt Corporation

Poynt Corp. (about.poynt.com) 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".

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