Sprylogics launches Parking Services in Poynt App with Amazon

  • Enables monetization via 28 million spaces in 40 countries through Poynt App and Poynt-Enabled SDK

TORONTO, May 26, 2014 /CNW/ - Sprylogics International Corp. ("Sprylogics") (TSXV: SPY), a technology provider of local mobile solutions for consumers and businesses is pleased to announce that its award winning consumer App 'Poynt' is first to launch Parking Services with Amazon's Kindle Fire and Apps for Android Stores.  Through its partnership with Parkopedia, the world's leading parking information provider, Sprylogics will offer its first integrated extensive parking location service as a search function of its 'Poynt' App, via Amazon.  Current market estimates indicate that Amazon's Kindle accounts for over one third of the global Android tablet market, with significantly higher penetration in North America, making it a world class player with a major user base going well beyond content reading to search, plan, map and share information every day.

"Sprylogics continues to bring the best local search experience to our Poynt users and Poynt-Enabled SDK partners," says Marvin Igelman, CEO of Sprylogics. "This popular and useful parking information content enhances our search capacities and provides immediate customer value.  It is a catalyst for multiple revenue opportunities."

Parkopedia has detailed information on 28 million parking spaces in 6,300 cities from 40 countries. Poynt users will be able to find parking information near where they are searching for places, without leaving the App including exact parking locations, parking entrances, hours of operations, prices, user reviews, and the ability to pay for parking (in selected locations) from their Smartphone.

"We are excited about being a valuable piece of Poynt's app and SDK strategy," says Parkopedia's CEO Eugene Tsyrklevich. "Sprylogics is an innovator in mobile local search solutions, and this partnership expands the usage of our information, putting it in the hands of millions of mobile users that are interacting with the Poynt App and Poynt Enabled SDK."

Amazon's Kindle Fire and Android Smartphone users will have access to Poynt's integrated parking information within their search results for restaurants, event locations, businesses, or any places they are looking for, all seamlessly within search and share functionality.

Sprylogics aggregates content for Poynt App and Poynt Enabled SDK that ranges across the most commonly used and searched subjects (video, restaurants, movies, coupons, events, gas prices, businesses, people and weather). Adding parking services to these searches will enable its users to discover, view, discuss, share movies, restaurants, videos, make reservations, book events and now even find a parking place, all "without leaving the app."

About Parkopedia 

Parkopedia is the world's leading parking information provider used by millions of drivers and companies such as Audi, BMW, Volvo and Toyota. Parkopedia provides detailed information on over 28 million parking spaces in 40 countries around the world, allowing drivers to find the closest parking to their destination, tells them how much it will cost and whether the space is available. Parkopedia can be accessed online, as a mobile app and also inside car navigation devices.

About Sprylogics

Sprylogics International Corp. enables telecom operators, messaging and mobile application providers to introduce new revenue streams into their apps with its "Poynt-Enabled" SDK.  "Poynt-Enabled" brings monetization related to the user's search intent, while increasing loyalty, engagement and usage activity levels. Sprylogics semantically aggregates and distributes useful local content by making it searchable via its patented geographical and contextual targeting technology.

Sprylogics also markets Poynt, an award winning, all-in-one mobile local 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 app", while monetizing via local search results and transactions.

Visit Sprylogics at www.sprylogics.comor follow @sprylogics on Twitter. Download the Poynt App on your smartphone at http://m.poynt.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.  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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