Sprylogics and Pointstreak 5050 Sign Strategic Agreement

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.

Sprylogics International Corp., David Berman, CFO, [phone], Ext. 21, [email protected]; www.sprylogics.com