- Tabcorp is one of the largest wagering companies in the world
TORONTO, July 16, 2015 /CNW/ - Sprylogics International Corp. (TSXV: SPY) a technology provider of semantic search, machine learning and natural language processing ("NLP)", is pleased to announce that it has entered into an exclusive agreement with Tabcorp Holdings Limited (ASX:TAH) ("Tabcorp") a world leading wagering company to offer a new version of its BreakingSports app to the Australian market. The agreement is mutually exclusive and provides Sprylogics per click advertising revenue, with an annual minimum guaranteed level.
The agreement will see wagering information and markets from TAB.com.au seamlessly integrated into the BreakingSports app news feed. In addition to the current sports available on the BreakingSports app, the new version will provide breaking news information from social media feeds about Australian Football (AFL) and Rugby League, EPL and A-League Soccer as well as International Cricket.
"We are excited about the opportunity to work with a world leading company like Tabcorp" said Marvin Igelman, CEO of Sprylogics. "Tabcorp's wagering business is one of the largest in the world with annual revenue exceeding $2 billion and they are the clear market leader in Australia. Tabcorp is a global leader in legal and responsible gambling and we are privileged to be showcasing their innovative wagering offerings within our app."
"Our BreakingSports app provides users with the fastest updates about their favorite sports teams and players by tapping into social media with our proprietary semantic and NLP technology. With our new Australian version of the app, users will receive customized and filtered notifications about the sports they are interested in, as the news breaks on social media and users will be able to act on this information in a timely manner" added Igelman.
The relationship with Tabcorp is a very important milestone for Sprylogics as it is the first collaboration with an entity that operates in a jurisdiction where sports' betting is legal. We believe that our technology provides value by delivering customized, fully-automated breaking news to sports enthusiasts, fantasy sports players and the sports wagering market. We are thrilled to be in a position to be able to offer this technology to sports bettors in Australia.
As a diversified entertainment group and a leader in the Australian wagering, racing media, gaming services and Keno markets, Tabcorp manages leading customer brands in Australia, including TAB, Luxbet, Sky Racing, Sky Sports Radio, Tabcorp Gaming Solutions (TGS), and Keno, serving millions of customers every year. Tabcorp's three businesses of Wagering and Media, Gaming Services and Keno employ more than 3,000 people. Tabcorp has more than 120,000 shareholders and has a market capitalization within the top 100 Australian companies listed on the Australian Securities Exchange.
Tabcorp is committed to ensuring its products are enjoyed by its customers and delivered responsibly. In 2014, Tabcorp was ranked as the global gambling industry leader in the annual Dow Jones Sustainability Index, recognition the company has received in nine of the last ten years.
Sprylogics International Corp. is a technology provider of semantic search, machine learning and natural language processing ("NLP"). The Company's newest app, BreakingSports utilizes semantic machine learning and NLP to track social media in fully automated, real-time manner, for significant sports information and events and distributes summarized information through real-time push notifications to consumers. The Company also enables mobile application providers to generate revenue into their apps via its "Poynt-Enabled" SDK and owns Poynt, a local mobile search app. Find out more at sprylogics.com and breakingsportsapp.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 that 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, [email protected], www.sprylogics.com