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Poynt Corporation Receives Extension to Creditor Protection, Trying To Resolve Debt Issues

Good news for Poynt Corporation who rose very quickly to be a top mobile local search and advertising player but has since suffered from debt issues and as a result have filed for bankruptcy protection back in July of this year.┬áThe Court of Queen’s Bench of Alberta has 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 financings.

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