TORONTO, ONTARIO--(Marketwired - March 2, 2015) - Sprylogics International Corp. ("Sprylogics" or the "Company") (TSX VENTURE:SPY), a technology provider of local mobile search, semantic search and messaging solutions for consumers and businesses, announces that Marvin Igelman, the President, CEO and a director of Company, together with an arm's length shareholder, have subscribed for a $400,000 direct investment in the Company by way of the proposed non-brokered private placement of the Company announced on March 2, 2015. In connection with the investment, 1,000,000 common shares of the Company were sold at $0.40 per share, through the facilities of the TSX Venture Exchange.
Sprylogics International Corp. is a technology provider of semantic search, local mobile search, and messaging solutions for consumers and businesses. The Company's newest app, BreakingSports utilizes semantic and machine learned language to track social media in real-time for significant sports information and events and distribute summarized information through real-time push notifications to consumers. In addition, the Company enables telecom operators, messaging and mobile application providers to introduce new revenue streams into their apps with its "Poynt-Enabled" SDK. 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.
Find out more at www.sprylogics.com, www.poynt.com or www.breakingsportsapp.com.
To download the app CLICK HERE for the Android version. CLICK HERE for the iOS version.
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.
Sprylogics International Corp.
(905) 761-9200, Ext. 21