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'
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
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.
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
SOURCE Sprylogics International Corp.
Sprylogics International Corp. | David Berman, CFO