TORONTO, March 23, 2015 /CNW/ - Sprylogics
International Corp. ("Sprylogics" or the "Company") (TSXV:
SPY), a technology provider of semantic search and local mobile
search for consumers and businesses, is pleased to announce that it
has entered into a strategic agreement with Pointstreak 5050 an
electronic raffle software system that drives consumer
participation in raffle events while providing accountability to
the raffle process. Pointstreak 5050 system electronically
captures every transaction while providing updated real-time raffle
information to display devices located throughout the venue.
Pointstreak 5050 is the market leader and is currently used by
over 250 different venues throughout North America, including over 70 major
professional sports teams (e.g. NFL, MLB, NBA, NHL, etc.), 16 NCAA
institutions and reaches over 100 million sports fans
annually. The company has been experiencing significant
growth throughout the United
States as it adds more professional sports teams, NCAA
institutions as well as high schools. In the near future the
company also intends on launching its 50/50 platform in
Europe.
Sprylogics and Pointstreak 5050 will pursue important
initiatives including the marketing, branding and business
development that mutually enhances both Sprylogics' BreakingSports
app and the Pointstreak 5050 platform. The Pointstreak 5050
system includes several features that make the platform a valuable
marketing, ticketing, and business asset including title
sponsorship of the nightly draw and creative branding and couponing
opportunities on all tickets.
"We are looking forward to a mutually beneficial relationship
with Pointstreak 5050. They have achieved significant
notoriety and traction in several synergistic sports venues and
touch millions of fans every day with their product. We are
confident that we can help each other in marketing and growth of
our collective products," said Marvin
Igelman, CEO of Sprylogics. "Our BreakingSports app
can benefit greatly from the reach of Pointstreak 5050 and we are
very happy to align these marketing efforts with a company that
helps return millions of dollars to so many communities with their
raffle dollars."
"We are excited about partnering with BreakingSports. It
is a great product that we are sure will appeal to our customers
that are always on the lookout for innovative sports products,"
said Scott Secord, President/CEO of
Pointstreak 5050.
BreakingSports tracks social media in real-time for significant
sports information and events and distributes summarized
information through fully automated 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.
To get the app visit breakingsportsapp.com or search
"BreakingSports" on iOS or Android app store.
About Sprylogics
Sprylogics International Corp. is a technology provider of
semantic search, local mobile search for consumers and
businesses. The Company's newest app, BreakingSports utilizes
semantic and machine learned language to track social media in
fully automated, real-time manner, for significant sports
information and events and distributes summarized information
through real-time push notifications to consumers. The
Company also enables mobile application providers to generate
revenue into their apps via its "Poynt-Enabled" SDK and owns Poynt,
a local mobile search app.
Find out more at sprylogics.com and
breakingsportsapp.com
About Pointstreak 5050
Pointstreak 5050, a division of Pointstreak Sports
Technologies Inc., is an electronic raffle
software system that drives consumer participation in raffle
events while providing accountability to the raffle process.
The Pointstreak 5050 system electronically captures every
transaction while providing updated real-time raffle information to
display devices located throughout the venue. Tickets are sold to
fans through fixed touch-screen terminals and mobile devices,
creating an effortless data collection system providing faster
sales transaction, longer selling periods, accountability and
substantial increases in average raffle proceeds. Pointstreak 5050
is the market leader and is currently over 250 different venues
throughout North America,
including over 70 major professional sports teams (e.g. NFL, MLB,
NBA, NHL, etc.), 16 NCAA institutions and reaches over 100 million
sports fans annually. The company has been experiencing
significant growth throughout the United
States as it adds more professional sports teams, NCAA
institutions as well as high schools. In the near future the
company also intends on launching its 50/50 platform in
Europe.
For more information, visit pointstreak5050.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.