On July 1, 2012, Portlogic Systems Inc. announced that Jueane Thiessen resigned as Chief Executive Officer and President. Ms. Thiessen continues to serve as Principal Accounting Officer, Chief Financial Officer and Treasurer, and on Board of Directors. On July 1, 2012, Joe Putegnat was appointed to Board of Directors. The appointment fills a vacant position existing on the board. On July 1, 2012, the company also announced that, Joe Putegnat was appointed as Chief Executive Officer and President. Mr. Putegnat is an experienced telecommunications executive and entrepreneur with more than 20 years extensive career in the development of wholesale carrier sales; credited with several start-up ventures in addition to his tenures at major telecommunications companies. From 2010 through 2011, Mr. Putegnat was the founder and President of XcomIP, LLC.