TORONTO, Jan. 10, 2012 /CNW/ - Sprylogics International Corp. - TSX Venture: SPY ("Sprylogics" or the "Company") is pleased to announce the addition of two more industry leaders to its Advisory Board. The Company welcomes Dennis Miller and Asim Abdullah.
"We are delighted to strengthen our Advisory Board with two more world class, accomplished businessmen. Dennis has been instrumental to the success of many start-ups and offers significant "new venture" expertise to our Company and Asim brings a high-tech perspective in commerce, software and telecom. I am excited about the extensive knowledge and network that both Dennis and Asim bring to us as we evolve the Company and continue to execute our strategic plan. I look forward to their input", said Marvin Igelman, Chief Executive Officer of Sprylogics.
Dennis Miller has been operating and managing media and entertainment businesses for twenty years. In the last ten years Dennis has been successfully investing at the intersection of media and technology. As these two worlds increasingly collide, Mr. Miller's primary interest is how the emerging platforms, services and programming will create significant asset value for shareholders.
Mr. Miller began his career after graduating from Boalt Law School at the firm of Manatt, Phelps, Rothenberg and Tunney. After practicing law in the entertainment and tax department, Mr. Miller decided to go "native" in the content and media business by joining a leading media buying shop which led to his 1991 hiring by Ted Turner to run TNT. From 1991 to 1996, Mr. Miller was Executive Vice President of TNT, and oversaw over 100 million dollars annually of original movies, including the award-winning Heat Wave and theatrical Gettysburg. His responsibilities also included oversight of the NBA and NFL contracts on TNT. During this time TNT grew from 30 million subscribers to over 55 million and 75 million EBITDA.
In 1996, Mr. Miller became Executive Vice President of Sony Pictures Entertainment, overseeing the network, cable, syndication and online businesses for Sony, domestically and globally. During Mr. Miller's tenure, Sony became the second largest supplier of primetime television programming, launched international versions of HBO in Asia, and started an international action channel (AXN) and a Hindi language service in India called Sony Entertainment Television.
Mr. Miller returned to his entrepreneurial passions in 1998 when he joined Frank Giustra to start Lionsgate Entertainment. During his tenure as Executive Vice President, Lionsgate acquired both film and animation studios, and started a television division. Today, Lionsgate is the leading independent film and television company in the United States.
In 2000, Mr. Miller joined Constellation Ventures, the venture partner business anchored by Bear Sterns. There he led investments in cable networks including College Sports Television (sold to CBS), TVOne sold to Comcast and Radio One) and the Gospel Channel (now owned by Intermedia Partners). He also led investments in the leading online education company K12, which went public in 2007 (LRN), Widevine, sold to Google, and managed the investment in Capital IQ which was later sold to McGraw-Hill.
In 2005, Mr. Miller joined Spark Capital as a General Partner. Spark Capital (www.sparkcapital.com) is focused primarily on early stage investment at the intersection of media and technology. Spark's investments to date include Twitter, Next New Networks (sold to Google), Group Commerce, Tumblr, Boxee, CNET(sold to CBS), AdMeld, 5min (sold to AOL), Verivue, Alteus, Group Commerce and Adapt.tv. Mr. Miller is currently a Venture Partner with Spark Capital.
Abdullah has over 18 years of multi-disciplinary experience in the high-tech industry including the telecom, enterprise hardware/ software and eCommerce sectors. In 2005, Asim purchased the Paris fashion house of Emanuel Ungaro (EU) and for the last six years has spent a majority of his time and efforts in Paris overseeing the fashion house.
Previous to EU, Asim served as a General Partner for Global Asset Capital (GAC), a private equity investor in Silicon Valley with diversified interests in venture capital, structured finance and real estate. Prior to GAC, Asim served as the CEO and co-founder of Appareon, a supply chain software company for retail goods. Prior to that, as a member of the board of directors and the executive staff, he helped launch CommerceOne into a market leader with a successful public offering in July 2000. Asim joined CommerceOne through its merger (Jan. 2000) with VEO Systems, a company he co-founded and lead as its CEO. Veo is credited with fundamental developments in XML and business-business exchange infrastructure.
Asim also served as the Executive Director of the CommerceNet Consortium and established it as the leading global institution for the promotion of eCommerce. Asim co-founded TRUSTe, Internet's largest privacy management service and XETI, Inc. a developer of Internet security solutions (merged into Critical Path in Dec. '99). Asim has held various marketing and sales management positions at Taligent Inc., IBM and ROLM systems. Asim holds an M.S. in Engineering Management from Stanford University ('87) and BS degrees in Electrical and Computer Engineering from the University of Michigan ('84).
About Sprylogics International Corp.
Sprylogics International develops advanced search and analysis technology. Additionally, Sprylogics' products search large amounts of unstructured data on the web, and in internal corporate databases, and convert it into more relevant searches for a variety of applications. The core technology driving Sprylogics' solutions is embedded in the Cluuz Search Engine platform. Cluuz search results are visually displayed through patent pending semantic cluster graphs and result in improved decision-making capabilities. Find out more at www.sprylogics.com, and www.cluuz.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 securities laws.
For further information:
Sprylogics International Corp.
David Berman, CFO, 905-761-9200 Ext.21 or [email protected]