Posts Tagged ‘Poynt’

Sprylogics Announces Release of Next Generation Poynt Product with Built-In Sharing

sprylogicsTORONTO, Feb. 11, 2014 /PRNewswire/ – Sprylogics International Corp. (“Sprylogics”) (TSXV: SPY), a technology provider of local mobile search and messaging solutions for consumers and businesses announces the availability of its next generation Poynt mobile app, combining the power of local search with sharing, via a single app.

This new product is the result of integrating the power of Poynt’s local search content technology with Sprylogics’ semantic data aggregation and natural language processing capabilities, resulting in a unique consumer App that offers the richness of web content, coupled with the convenience of sharing with friends when there is intent to search or plan. Read more

Sprylogics Announces Financing of Approximately $5 Million and Provides Update on Poynt Acquisition

TORONTO, July 17, 2013 /CNW/ - Sprylogics International Corp. (TSXV: SPY), (“Sprylogics” or “the Company”), the international provider of innovative mobile search and messaging monetization services, announces that it has entered into an engagement letter with Beacon Securities Limited (the “Agent”) in respect of a private placement of subscription receipts of Sprylogics on a best efforts basis (the “Offering”). The Offering consists of a private placement of approximately 12,500,000 subscription receipts (the “Subscription Receipts”) at a price of$0.40 per subscription receipt for gross proceeds of approximately $5,000,000. Read more

Sprylogics Signs Letter of Intent to Acquire Poynt Inc.

TORONTO, May 31, 2013 /CNW/ - Sprylogics International, the international provider of innovative mobile search and messaging monetization services announces that it has signed a Letter of Intent to acquire Poynt Inc. (“Poynt”).

Under the terms of the deal, Sprylogics will provide the following consideration to the owners of Poynt: (i) issue a two (2) year note in the amount of $2.5 Million (CDN) with an annual interest rate of 6.5% payable quarterly in cash and / or stock, which will be secured against the assets of Poynt; and (ii) issue up to $500,000 in Sprylogics shares.  Additionally, the current owners of Poynt will retain a 10% interest in the exploitation of Poynt patents. Sprylogics will assume liabilities and fees associated with the purchase transaction as well as costs associated with management of the assets.  The parties have further agreed that under certain circumstances within the deal structure, payment of the$2.5 Million (CDN) may be accelerated. Read more