TORONTO, June 14, 2012 /CNW/ -Sprylogics International Corp., TSXV-SPY ("Sprylogics" or the "Company") is pleased to provide a business and
technology update related to the Company's Liquid Messaging product
first announced on January 9, 2012.
Liquid Messaging enables the application of Sprylogics' innovative
semantic search technologies against the 8.0 trillion (Portio) mobile
messages sent each day. The innovative integration of search
experiences within messaging application helps messaging companies
monetize their user base of millions of consumers.
According the Mobile Marketing Association 53% of all American consumers
accessed a search engine through a mobile device at least once per day.
Mobile Advertising forecasts (2015) range from $20.6B (Gartner) to $36B
(Strategy Analytics) with search accounting for the majority of the
revenue. By fusing two of the leading mobile activities, search and
messaging through a user-friendly interface, the product addresses a
massive challenge for Carriers, faced with 13.9 billion in lost
messaging revenue (Ovum).
The company attended the CTIA Wireless show in New Orleans from May
8-10, where it presented the Liquid Messaging solution to a select
group of international carriers, messaging providers, and OEM and
mobile operating system providers. The solution was extremely
well-received. Carriers recognized the immense monetization opportunity
as well as the potential to drive transactional revenue and carrier
billing through the revenue sharing business model of the solution.
The company is also announcing that it's API's are now available and
that it is in the process of providing IOS and Android SDK's to a
select group of messaging providers for technical integration testing
into their core messaging products.
"I am excited by the progress that our team has made in the past few
months. Our offering is innovative and unique. The feedback and
reception we have received so far provides validation of our business
model, technology and utility," said Marvin Igelman, CEO Sprylogics.
About Sprylogics International Corp.
Sprylogics International develops advanced search and analysis
technology. The patent pending technology platform uses Semantic and
Machine Learning techniques to process, analyze and
interpret unstructured data including real time conversation, in order
to extract key sentiments, facts, user interests and intent. The
technology platform is currently being used to develop innovative
solutions related to search and discovery of products and places on
mobile devices. Find out more at www.sprylogics.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