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Sprylogics strengthens its Board of Directors and Advisory Board by adding Kevin Taylor, Parminder Singh and William Mougayar

Tuesday, October 15, 2013 9:44 AM


Sprylogics strengthens its Board of Directors and Advisory Board by adding Kevin Taylor, Parminder Singh and William Mougayar

3 Industry Veterans will Work with Sprylogics to Help Accelerate its Growth Opportunities in Global Mobile Technology Markets

TORONTO, Oct. 15, 2013 /CNW/ - Sprylogics International Corp. ("Sprylogics") (TSXV: SPY), a technology provider of local mobile search and messaging solutions for consumers and businesses is pleased to announce the addition of Kevin Taylor, of Prism Equity Group and TERel International Limited to its Board of Directors, and Parminder Singh of Intellectual Ventures Canada, and William Mougayar of Startup Management to its Advisory Board.

Kevin Taylor spent the last 20 years building a career working for, and with, a number of Fortune 500 companies in the Telecom and Energy industries. As the founder, President and CEO of Prism Equity Group and TEReI International Limited (Telecomunicaciones, Energias Renovables e Infraestructura), his firms provides financial consulting, merger, acquisition and representation services to companies in the telecommunications and renewable energy arena in the Americas.

Parminder (Par) Singh has more than 25 years of professional experience in building, operating, and managing international businesses for private companies, government clients, and multi-national corporations around the world. Parminder has held executive positions at companies in Canada and US including: Ensequence, Telesat Canada, Motorola, Teledesic, Microsoft, FreeInternet Networks, and 5th Link Software.

William Mougayar is a serial entrepreneur and marketing expert with over 30 years of experience in the technology industry. He has founded three companies (Eqentia, Engagio, CYBERManagement), sold two of them, and is currently an advisor and mentor to technology startups in North America. Previously, he has held senior positions at Hewlett-Packard, Cognizant Technology Solutions, AberdeenGroup and was the Chairman of CommerceNet Canada. William is also a best-selling author, angel investor, and runs the popular Startup Management website.

"Kevin Taylor, Parminder Singh and William Mougayar will add tremendous value to Sprylogics," says Marvin Igelman, CEO of Sprylogics. "We are very pleased to welcome Kevin to our Board of Directors, and Parminder and William to our Advisory Board, alongside other industry experts, and we look forward to their value-added contributions to our global market initiatives, as we continue to win new partnerships and implementations that are validating our business model."

Parminder Singh and William Mougayar will join other thought leaders on the advisory board, including Dennis Miller (Spark Capital), Jeff Sagansky (ex- Sony Pictures, CBS), Asim Abdullah (ex- CommerceOne), Kenes Rakishev (SAT & Co., Genesis Angels Fund), and Tony Lacavera (WIND Mobile) to provide strategic insights, develop new partnerships and help secure distribution agreements worldwide for Sprylogics' mobile solutions.

The Sprylogics Board of Directors is now comprised of Marvin Igelman, Michael Kron Michael Serruya, Kevin Taylor and Keith Yokomoto, as was previously announced, following the Shareholder's Meeting on September 3rd 2013.

Grant of Options

In addition, the Company issued 2,270,000 options to directors and officers of the Company at an exercise price of $0.63, the closing price on October 10, 2013.  These options vest 50% after 1 year and 50% after 2 years.  They expire October 10, 2018.

About Sprylogics

Sprylogics International Corp. enables telecom operators and mobile applications providers to introduce new revenue streams into their mobile offerings by integrating contextual content and transaction services that unlock the monetization of consumer search intent, while increasing loyalty, engagement and usage activity levels. Sprylogics also markets Poynt, an award winning all-in-one mobile search App that has garnered over 20 million downloads. Both products have a common focus on enhancing the mobile user experience, enabling users to do more without leaving the messaging or chat app, and resulting in the monetization capture of search intent via content and transaction services. More about Sprylogics at www.sprylogics.com, or follow @sprylogics on Twitter.

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, but are not limited to the date the post-consolidation common shares being trading and factors referenced in Sprylogics' other 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 laws.

SOURCE Sprylogics International Corp.

Sprylogics International Corp. | David Berman, CFO

(905) 761-9200, Ext. 21 | davidb@sprylogics.comwww.sprylogics.com

Copyright CNW Group 2013
(Source: CNW )
(Source: Quotemedia)

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