POYNT - Mobile Apps Paradigm Shift
PNYTF.PK Added to Stocks & Sectors Watch List; Updates on ALYI.PK, IVDA.OB, MCVE.PK
Posted onMay 16, 2011byadmin
PNYTF.PK Added to Stocks & Sectors Watch List; Updates on ALYI.PK, IVDA.OB, MCVE.PK
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st Century Stocks & Sectors page highlights undiscovered micro-cap companies – typically low-priced companies with market caps of 500 million or less in three key sectors we believe are headed for substantial growth over the next decade: (1) Healthcare; (2) Internet and IT; and (3) energy and environmentally clean technology. Micro-cap companies typically lack Wall Street analyst coverage, and are inefficiently priced and/or often thinly trading the proverbial “tree in the forest.”
ADDITIONS
We are adding Poynt
Corporation (PNYTF: Pink Sheets or PYN: TSX Venture) to our watch list and have added a landing page for Poynt in our website’s Watch List section under Internet & IT.
Poynt
Corporation (PNYTF: Pink Sheets or PYN: TSX Venture) — Poynt Corporation is a mobile applications developer that offers access to location-based search information anywhere at any time through its Poynt application product. As an early entrant in the rapidly expanding location-based Search (LBS) market, Poynt is uniquely situated to profit from the anticipated rapid expansion in wireless application use. It is “estimated that carrier-generated consumer LBS revenues totaled over $480 million in 2008 and [projections estimate] this figure to surpass $3.0 billion in 2013”. The European market is expected to “grow from 20 million users in 2008 at a compound annual growth rate (CAGR) of nearly 37 percent to reach 130 million users in 2014.
On Friday the Company announced the issuance of a fourth patent in the Company’s portfolio of patents, for delivering multi-mode location based E-directory services, enabling method, system and apparatus. The new patent marks an important protective feature and barrier to entry for competitors of the Company’s location-based search model, allowing for the delivery of location-based, contextual and relevant data, sorted by proximity to users. The new patent enhances Poynt’s position as an industry leader in location-based services.
The Company recently announced that the Poynt Application Reached 1 Billion Interaction Milestone, had hit 6.4 Million monthly unique users, and was growing at 30,000 New Users Daily. The strong analytics are starting to show up in the company’s results. 2010 revenues went up 320% vs. 2009. With the mobile apps space at the early stages of a multiple year cycle, we would be aggressive on Poynt on pull backs. The stock is up 157% year to date, and closed Friday at $.18 up $.03.
