TORONTO, Jan. 9, 2012 /CNW/ - Sprylogics International Corp., TSXV-SPY ("Sprylogics" or the "Company") is pleased to provide additional
details related to the Corporate Update of October 19, 2011. At that
time, the Company announced the formation of Sprylogics Mobile.
Sprylogics Mobile is focusing on the development of mobile applications,
web services and mobile-centric data sets to capitalize on three key
The trillion dollar (according to Forrester Research) online-to-offline
Mobile Commerce Projections (ABI Research) of $120 Billion Dollars
within the next 3 years.
The massive flood of local advertising and commerce spending unleashed
by companies like Groupon and LivingSocial.
Sprylogics Mobile is leveraging the Company's strengths in Agnostic Data
Aggregation, Semantic/Machine Learning Technologies, and Data
Visualization to solve real world problems for consumers.
The mobile team is currently developing two mobile solutions.
The first mobile initiative, named "The Best" is an innovative and
disruptive mobile search and discovery application. This application
utilizes machine learning and semantic technologies to aggregate and
rank opinions and sentiment on places, businesses and products using
social signals, traditional online media and online discussions.
While competitive, this is a highly fragmented space with no single,
agnostic trusted source of reviews, rankings and ratings across places
and products. Additionally, mobile application search solutions for
places and products are increasingly challenging general search engines
like Google and Microsoft's BING both in terms of search query volume
and month over month growth.
"The Best" Mobile Application is currently in prototype for 3 markets in
North America. The product is expected to begin closed beta in several
additional major markets across North America by Spring 2012 and the
core data set will be made available to select partners within the time
frame as well.
The second application (codenamed "Liquid Messaging"), enables the
application of Sprylogics' innovative semantic search technologies
against the billions of mobile messages sent each day. The solution is
being developed to help mobile messaging companies monetize their
multi-million user bases in a consumer friendly way.
"'We are very pleased with the progress that our product and technology
team has made in the last few months. We are committed to increasing
shareholder value by continuing to leverage our considerable technology
and management assets in order to bring world class products to market
"said Marvin Igelman CEO of Sprylogics International.
About Sprylogics International Corp.
Sprylogics International develops advanced search and analysis
technology. Additionally, Sprylogics' products search large amounts of
unstructured data on the web, and in internal corporate databases, and
convert it into more relevant searches for a variety of applications.
The core technology driving Sprylogics' solutions is embedded in the
Cluuz Search Engine platform. Cluuz search results are visually
displayed through patent pending semantic cluster graphs and result in
improved decision-making capabilities. Find out more at www.sprylogics.com, and www.cluuz.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
Statements contained in this news release which are not historical facts
are forward-looking statements that involve risk, uncertainties and
other factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements. There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. All forward-looking statements
included in this news release are based on information available to the
Company on the date hereof. The Company assumes no obligation to
update any forward-looking statements, except as required by applicable
SOURCE Sprylogics International Corp.
For further information:
Sprylogics International Corp.
David Berman, CFO, 905-761-9200 Ext.21 or firstname.lastname@example.org