Sprylogics' Poynt Inc. Granted a New Patent Related to System, Methods and Apparatus for Interactive Advertising

Company has a Growing Worldwide Portfolio of Patents in Mobile, Location-Based Search and Advertising Technologies

TORONTO, May 28, 2014 /CNW/ - Sprylogics International Corp. ("Sprylogics" or the "Company") (TSXV: SPY), a technology provider of local mobile search and messaging solutions for consumers and businesses is pleased to announce that its subsidiary Poynt Inc. has been granted a new US patent for a "System, Methods and Apparatus for Interactive Advertising." This patent and others already granted or pending add to the portfolio of intellectual property owned by the Company.

United States Patent No. 8,732,016 was issued on May 20, 2014 to Poynt Inc., describing a system and methodology for searching and presenting merchant and advertised information to a user over a wide area network such as the internet:

The system and method actively links manufacturer and merchant information within a search query so as to enable a user to conduct more efficient searching when seeking products or services in a proximity or geographical area. 

With respect to the Poynt Inc. acquisition by Sprylogics announced August 1, 2013, here are the additional US issued patents now owned by the Company and its subsidiaries:

  • US 8,315,178, Method and System for Wireless Message Based Advertising.
  • US 6,970,922, US 7,539,742, US 7,870,229, US 8,099,477. Network for Targeting Individual Operating a Microcomputer Regardless of His Location.
  • US 7,941,430, Multi-Mode Location Based E-Directory Service Enabling Method, System, and Apparatus.

"We are extremely pleased to obtain this additional US patent and strengthen our competitive position in the marketplace, as we commercialize the capabilities behind them," says Marvin Igelman, CEO of Sprylogics. "This recently granted patent further demonstrates the breadth and depth and the richness of our intellectual property."

Sprylogics now owns a total of nine (9) granted patents in the US, Canada Japan and Singapore.

About Sprylogics

Sprylogics International Corp. enables telecom operators, messaging and mobile applications providers to introduce new revenue streams into their mobile offerings by integrating contextual content and transaction services that unlock the monetization of consumer search intent, while increasing loyalty, engagement and usage activity levels. Sprylogics has developed key relationships with leading mobile content and transaction providers that allow it to semantically aggregate and distribute this content by making it searchable via its patented geographical and contextual targeting technology.

Sprylogics also markets Poynt, an award winning, all-in-one mobile search App that has garnered over 20 million downloads. Both products have a common focus on enhancing the mobile user experience, enabling users to do more without leaving the messaging or chat app, and resulting in the monetization capture of search intent via content and transaction services.

Visit us at Sprylogics at www.sprylogics.com, or follow @sprylogics on Twitter.

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.  Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause actual results of Sprylogics to differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to factors referenced in Sprylogics' other continuous disclosure filings which are available at www.sedar.com. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

SOURCE: Sprylogics International Corp.

For further information: Sprylogics International Corp., David Berman, CFO, (905) 761-9200, Ext. 21, davidb@sprylogics.com, www.sprylogics.com

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