Poynt News on Sedar POYNT CORPORATION RECEIVES EXTENSION TO CREDITOR PROTECTION IN ORDER TO WORK
TOWARDS CLOSING DEBTOR-IN-POSSESSION FINANCINGS
Calgary, Canada—August 27, 2012
— Poynt Corporation (TSX-V: PYN) (“Poynt Corp.” or the
“Company”), a global leader in mobile local search and advertising, today announced that the
Court of Queen’s Bench of Alberta (the “Court”) granted an order extending its creditor
protection until Thursday, August 30, 2012. The extension will allow the Company additional time
to work towards closing additional debtor-in-possession (“DIP”) financings.
Hardie & Kelly Inc. of Calgary, Alberta, is the trustee appointed for the Company's Notice of
Intention to File a Proposal under the
Bankruptcy and Insolvency Act (Canada).