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Sprylogics Set To Acquire Poynt Around $5 Million

By Dave Forde / July 17, 2013

Back in late May, Sprylogics International issued a press release on their intent to acquired Poynt who’s been suffering financial troubles for the last year, despite the growing user base for the mobile app. Today Sprylogics provided an update on the situation announced the acquisition is moving forward for close to $5 million and is schedule to close on July 31. Poynt had filed for bankruptcy protection back in July 2010.

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

By Dave Forde / August 29, 2012

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. The 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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