TORONTO, Nov. 21 /CNW/ - Sprylogics International Corp. (TSX
Venture: SPY), a provider of intelligence based risk mitigation software and
services announced today the conclusion of a two day conference that was held
in St. Vincent, November 13-14, 2007.
Over 50 participants from 6 countries participated in the conference
"Money Laundering & Terrorism - Exploring Technological Solutions" which was
co-hosted by Sprylogics and the St. Vincent Financial Intelligence Unit.
Participants included representatives of local and regional banks, credit
unions, central banks and money transfer agencies as well as law enforcement
agencies, customs and financial intelligence units.
At the conclusion of the conference, a number of regional financial
institutions have signed up to commence a trial period of Sprylogics' recently
launched beta version IntegraDB product.
IntegraDB Due Diligence Search Engine contains information from
Sprylogics' proprietary Market Integrity Database ("MID") of disciplined
individuals and entities. The information is drawn from publicly available
sources including regulatory filings. This content is analyzed and uploaded
into the Market Integrity Database by the Company's team of intelligence
analysts based in Tel Aviv, Israel.
Use of the IntegraDB Search Engine dramatically speeds up, and improves,
the due diligence process for anyone seeking to invest, or contemplating a
transaction, in the Canadian financial markets. A similar search performed in
one of the Internet's primary search engines may yield tens or hundreds of
thousands of results for a given term. This unstructured data usually requires
significant resources and time to be rendered useful for effective due
A name or an entity analyzed in the Web-based IntegraDB search engine
yields a Social Network Analysis of the name or entity searched. The end
result is structured data or intelligence which can be used in the due
diligence process and acted upon in real time.
About Sprylogics International Corp.
Sprylogics develops intelligence based analytical solutions and content
for enhanced risk analysis and investigative research in the regulatory, law
enforcement, government, financial services, investment and private sectors.
Our technological solutions enable our users to methodically collect, analyze,
discover and report large amounts of raw data and transform that data into
analyzed and actionable intelligence. Our content solutions enable our users
to identify non-obvious financial risks based on the Social Network Analysis
of companies, individuals and other entities.
Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of
Sprylogics International Inc. (the "Company") to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such statements
use such words as "may," "will," "expect," "anticipate," "project," "believe,"
"plan" and other similar terminology. The risks and uncertainties are detailed
from time to time in reports filed by the Company with securities regulatory
authorities to which recipients of this press release are referred for
additional information concerning the Company, its prospects and the risks and
uncertainties relating to the Company and its prospects. New risk factors may
arise from time to time and it is not possible for management to predict all
of those risk factors or the extent to which any factor or combination of
factors may cause actual results, performance and achievements of the Company
to be materially different from those contained in forward-looking statements.
Given these risks and uncertainties, investors should not place undue reliance
on forward-looking statements as a prediction of actual results. The
forward-looking information contained in this press release is current only as
of the date of this press release. There should not be an expectation that
such information will in all circumstances be updated, supplemented or revised
whether as a result of new information, changing circumstances, future events
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Avi Shachar, President, Sprylogics
International Corp., (416) 221-5119 ext 24, or email@example.com