TORONTO, ONTARIO — (Marketwire) — 05/14/12 — Portlogic Systems Inc. (OTCBB: PGSY), a mobile and Internet software developer and kiosk solutions provider for electronic payments, marketing delivery and community communication systems is pleased to announce that it has engaged Michael Callahan to provide Investor Relations and Corporate Communication services to the Company.
Under the agreement, Mr. Callahan will assist the Company with media awareness, shareholder communications, raising capital, introducing the Company to potential investors and assisting with promotional road shows. The agreement with Michael Callahan is on a month-to-month basis. After three months and a performance evaluation, the agreement may be extended. Under the agreement Portlogic will pay Michael Callahan a fee of USD $5000 on a monthly basis. In addition, Portlogic has granted to Michael Callahan stock options to purchase 250,000 common shares exercisable at a price of $0.50 per share for a period of one year. The stock options will vest at a rate of 62,500 quarterly over the twelve month period.
About Portlogic Systems Inc.
Incorporated in 2006, Portlogic Systems Inc. is a mobile and Internet software developer and solutions provider for electronic payments, ticketing and marketing delivery and community communication systems. According to Gartner Research, by 2013, Mobile users will download more than 21 billion mobile apps, worth more than $30 billion. Portlogic-s goal is to continually research, develop and market the most convenient and advanced software tools that receive information and manage daily tasks. For more details please visit .
Contacts:
Portlogic Systems Inc.
Jueane Thiessen
(647) 847-8350
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