Sprylogics Completes Acquisition of Poynt

CNW Group

TORONTO , Aug. 1, 2013 /CNW/ - Sprylogics International Corp. (SPY.V), ("Sprylogics" or "the Company"), the international provider of innovative mobile search and messaging monetization services, announces that further to the press release of July 17, 2013 , the Company has completed the acquisition of Poynt Inc.

"We are extremely excited to have this acquisition completed," said Marvin Igelman, Chief Executive Officer of Sprylogics.  "Poynt deeply enhances our IP going forward. We also believe that it compliments our strategic vision and it is an excellent catalyst for many untapped opportunities in local search worldwide.  Our team is focused on bringing these opportunities to fruition and we look forward to the evolution and next generation of Poynt in the market."

About Sprylogics
Sprylogics International develops advanced search and analysis technology.  The patent pending technology platform uses Semantic and Machine Learning techniques to process, analyze and interpret unstructured data including real time conversation, in order to extract key sentiments, facts, user interests and intent. The technology platform is currently being used to develop innovative solutions related to search and discovery of products and places on mobile devices. Find out more at www.sprylogics.com or www.2ya.it

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 those referenced in Sprylogics' 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.

Contact:

Sprylogics International Corp.
David Berman, CFO
(905) 761-9200, Ext. 21
davidb@sprylogics.com
www.Sprylogics.com

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