TORONTO, Feb. 23, 2015 /CNW/ - Sprylogics International
Corp. ("Sprylogics" or the "Company") (TSXV: SPY), a technology
provider of semantic search, local mobile search, and messaging
solutions for consumers and businesses is pleased to announce that
it has launched its BreakingSports App for Android, available now
on Google Play Store.
BreakingSports tracks social media in real-time for significant
sports information and events and distributes summarized
information through real-time push notifications to consumers. By
utilizing advanced artificial intelligence techniques,
BreakingSports can detect events as they happen and as they are
announced in social media, determine nature of the events,
attribute events to participants, summarize source articles, index
the underlying information, provide search of events and articles
and send alerts to fantasy players, sport fans and enthusiasts.
Compared to other similar products, BreakingSports has the
differentiated advantage of not requiring human intervention when
detecting and generating alerts, thereby enabling faster delivery
of relevant information. Through a simple-to-use interface
BreakingSports users specify what teams and players they are
interested in as well as what type of events they care about, such
as injuries, roster moves, line-up changes, statistics, rumours and
more.
"We are extremely pleased to now offer or BreakingSports App on
the Android platform to go along with our previously launched iOS
version" said Marvin Igelman, CEO of
Sprylogics. "We now can deliver breaking sports news and
alerts in a fast and unique way to Android and Apple users
alike. BreakingSports will keep you aware of all the relevant
information you need in real-time. It's a gripping
customizable mobile sports app that fantasy sports players and
sports fanatics will want to have" added Igelman.
Visit breakingsportsapp.com or search
"BreakingSports" on the app store to find out more.
CLICK HERE to download Android version. CLICK
HERE to download iOS version.
In other news, the Company issued an additional 484,000 units at
an issue price of $0.35 per unit,
which together with the initial financing announced on February 12, 2015, brings the gross proceeds for
the entire financing to $1,500,000. Each unit is comprised of one
common share of the Company and one common share warrant, with each
warrant exercisable into a common share of the Company at an
exercise price of $0.45 per share for
a period of 24 months.
All securities issued in connection with the financing will be
subject to a hold period of four months and a day from the date of
issuance.
About Sprylogics
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 sprylogics.com, poynt.com or
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.