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[December 14, 2012]
Portlogic Systems Announces VOIP
(Marketwire Via Acquire Media NewsEdge) TORONTO, ONTARIO -- (Marketwire) -- 12/14/12 -- Portlogic Systems Inc. (OTCBB: PGSY), a mobile and Internet software developer and kiosk solutions provider for electronic payments, marketing delivery and community communication systems, announced today the formation of a new subsidiary VOIP 1, Inc.
VOIP 1, Inc. is a FCC, 214 licensed, VoIP (Voice over Internet Protocol) based international telecommunications carrier providing a platform to deliver both voice and data solutions to retail customers, business enterprise, and carriers worldwide.
"It is a very exciting time for the telecom industry. And this represents a major leap forward in marketability, revenue and profitability and will give Portlogic Systems a new platform to further its goals in the mobile arena and more," said Joseph Putegnat, President and CEO. "Initially, VOIP 1 will supply mobile and voice solutions to major telecom carriers around the world. We will continue to expand our vision to the retail area, on a select worldwide basis to both businesses and individuals, by offering our exclusive telecom solutions of advanced Cloud based IP-PBX technology and Smartphone mobile offerings." In the Visiongain report 'The Voice Over Internet Protocol (VoIP) Market 2012-2017: Prospects for Skype and Other Players' released earlier in the year, research indicates that in 2012 global revenues from VoIP will reach a figure of $65 billion. Juniper Research predicts that the total number of mobile VoIP minutes will jump from 15 billion minutes in 2010 to 470.6 billion minutes by 2015. The United States is going to account for 135 billion mobile VoIP minutes by 2015.
Analysts at Juniper Research also now estimate there will be about one billion users of mobile VoIP apps and services by about 2017.
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 www.portlogicsystems.com.
Contacts: Portlogic Systems Inc.
(647) 847-8350 www.portlogicsystems.com Source: Portlogic Systems Inc.
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