Portlogic Systems Inc. (OTCMKTS:PGSY) Surges After Corporate Update

Portlogic Systems Inc. (OTCMKTS:PGSY) a Internet and mobile software developer firm reported that it has made considerable strides in its prime product families: m2Market, m2Ticket, m2Meet, m2Bank, m2Workflow and m2Kiosk. As detailed in latest 10K filing, the company will focus on completion and commercialization all of its services and products.

The products

M2Meet is being developed from Portlogic’s web based source code. Mobile and Internet users with similar interests will utilize m2Meet platform to socially connect and network utilizing location based technology like GPS. Users can send out an invite within a geo-fence to locate another user for different social activities.

M2Bank will offer clients the feature to transfer funds internationally and locally with charges that are up to 80% less compared to that of banks. M2Market will provide advertisers and brands an ability to promote an offer directly to mobile devices using different mediums such as including Bluetooth, high frequency audio, Wi-Fi and near filed communication.

The highlights

Portlogic’s M2Ticket will be given as a white label ticketing offering which manages the deliver and sale of tickets via mobile devices for the entertainment market. M2 Kiosk can be stated as a self contained advertising platform that provides rewards and high quality video its viewers with coupons or rebates immediately after they view the sponsor’s message.

Portlogic’s M2Workflow has been developed for entities seeking high granular control over their digital assets, including images, documents, contracts and videos. Prior to January 2010, the company invested in the advancement of unique interactive community portal software which enables all sectors of a community to communicate and interact with other members. Portlogic reported that the system is fully functional and all prepared for deployment.

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Portlogic Systems Inc. (OTCMKTS:PGSY) is not a very liquid stock as well understood by the daily average of 21,000 only. The volume yesterday surged to 318,000 and that was the signal alerting the investors. The stock has made a sharp gain of 24.29% in the last trading session and if the bulls can protect the gains in the coming sessions, the rally can extend to the swing high level of $1.00 r even higher. The price action in the last few days shows a sideways range bound movement in the band of $$0.20-$1.00.

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