TORONTO, Aug. 20, 2012 /CNW/ - Sprylogics International (TSXV: SPY), ("Sprylogics" or "the Company") the international provider of innovative mobile messaging monetization services announces that it has signed a Letter of Intent ("LOI") with PCS Wireless LLC ("PCS"), a global leader in the open market distribution of mobile devices, to add value to the devices they distribute using Sprylogics technology and application.
PCS provides strategic distribution of well over 3 million mobile products annually. Sprylogics and PCS Wireless intend to add value to those devices utilizing Sprylogics' Liquid Messaging Application throughout North America across PCS's Android device portfolio.
Sprylogics has a Facebook integrated version of Liquid Messaging, allowing a user to chat, perform mobile searches and share results (including movies, restaurants, and local businesses) with their Facebook friends as well as other Liquid Messaging users over Sprylogic's proprietary protocol.
Sprylogics also announced that it will begin a closed "Friends and Family" Beta for its iPhone version of Liquid Messaging later this month.
"Sprylogics Liquid Messaging solution is incredibly compelling for all players within the mobile ecosystem as well as consumers" says Ben Nash, CEO of PCS Wireless. "Both Search and Messaging are two of the most common activities on mobile phones today. By integrating search into messaging, mobile users can now easily coordinate, make plans and share information. It's truly a turnkey solution. And built on top of Facebook, the solution provides a differentiated messaging experience that gives you access to all of your friends immediately."
"We are thrilled to be working with PCS," adds Marvin Igelman, CEO of Sprylogics. "As one of the top players in the distribution of mobile devices, this partnership would give many Android users access to our solution without having to download the application. I am encouraged by the initial traction and reception that the beta version of our solution is receiving from carriers, OEMs, messaging applications and end-users. This LOI with PCS is further validation that we are solving an important problem in mobile and providing value to all players."
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.
About PCS Wireless -
PCS Wireless LLC is a leading expert in sourcing, refurbishing and selling mobile products internationally on the open market. PCS provides services specializing in asset recovery and strategic distribution of mobile products with a roster of over 5,000 global customers. PCS serves manufacturers, carriers and retail partners through channel specific and global open markets for current, end of life ("EOL"), overstocked and returned mobile merchandise. The company provides a host of value added services including device configuration, custom kitting, software programming, inventory management and logistics. The Florham Park, NJ-based company operates an 85,000-sq. ft. warehouse and employs approximately 250 people. More information can be found at www.pcsww.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.
SOURCE: Sprylogics International Corp.
For further information:
Sprylogics International Corp.
David Berman, CFO, 905-761-9200 Ext.21 or [email protected]