Pimco New York Municipal Income Fund III V.PYN

From SEDAR

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POYNT ANNOUCES PRELOAD ON SELECT HANDSETS FROM VIRGIN

MOBILE USA AND BOOST MOBILE

Poynt Application Now Available on Two of Sprints Pre-Paid Brands

Calgary, Canada—April 11, 2011—Poynt Corporation (“Poynt Corp.” or the

“Company”) (TSX-V: PYN), a leading provider of mobile local search services, today

announced an agreement with Boost Mobile and Virgin Mobile USA, to preload the

Poynt Application (“Poynt”) on prepaid smartphones that run on the Sprint

Nationwide Network. The first device with Poynt preloaded was the Virgin Mobile

LG Optimus V, which debuted earlier this year. Virgin Mobile and Boost Mobile are

two of Sprint’s prepaid brands.!

Poynt is a convenient and timesaving GPS-enabled mobile application that

connects consumers to local businesses, events, restaurants, movie theaters, gas

prices and weather information at the moment they are looking to buy or acquire

products or services. Poynt provides consumers the ability to move beyond discovery

of their local area to view movie trailers and reviews, buy movie tickets, click-to-call

businesses, get directions, browse listing websites and read reviews and book dining

reservations.

“The popularity Poynt has already achieved with users on BlackBerry

smartphones and on Android devices will be greatly enhanced by the ease of

discoverability that this preload agreement provides,” said Andrew Osis, CEO, Poynt

Corp. “Virgin Mobile and Boost Mobile are two of the most popular prepaid brands

in the United States and we are confident this agreement will result in strong user

acquisition and retention for both of them.”

Poynt is available as a free download to users in Canada, the United States,

Germany, the United Kingdom, Italy, France, Spain and Australia for BlackBerry®

smartphones and for iPhone and iPod Touch, Android and Window Phone 7 devices

from the respective App Stores. Poynt is also available via Over the Air download at

m.poynt.com.