TORONTO, Aug. 1, 2013 /CNW/ - Sprylogics International Corp. (TSXV: SPY), ("Sprylogics" or "the
Company"), the international provider of innovative mobile search and messaging
monetization services, announces that further to the press release of
July 17, 2013, the Company has completed the acquisition of Poynt Inc.
"We are extremely excited to have this acquisition completed," said
Marvin Igelman, Chief Executive Officer of Sprylogics. "Poynt deeply
enhances our IP going forward. We also believe that it compliments our
strategic vision and it is an excellent catalyst for many untapped
opportunities in local search worldwide. Our team is focused on
bringing these opportunities to fruition and we look forward to the
evolution and next generation of Poynt in the market."
Sprylogics International develops advanced search and analysis
technology. The patent pending technology platform uses Semantic and
Machine Learning techniques to process, analyze and interpret
unstructured data including real time conversation, in order to extract
key sentiments, facts, user interests and intent. The technology
platform is currently being used to develop innovative solutions
related to search and discovery of products and places on mobile
devices. Find out more at www.sprylogics.com or www.2ya.it
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 those referenced in Sprylogics' continuous disclosure
filings which are available on SEDAR 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
SOURCE: Sprylogics International Corp.
For further information:
Sprylogics International Corp.
David Berman, CFO
(905) 761-9200, Ext. 21