- Tabcorp is one of the largest wagering companies in the
world
TORONTO, July 16, 2015 /CNW/ - Sprylogics International
Corp. (TSXV: SPY) a technology provider of semantic search,
machine learning and natural language processing ("NLP)", is
pleased to announce that it has entered into an exclusive agreement
with Tabcorp Holdings Limited (ASX:TAH) ("Tabcorp") a world
leading wagering company to offer a new version of its
BreakingSports app to the Australian market. The agreement is
mutually exclusive and provides Sprylogics per click advertising
revenue, with an annual minimum guaranteed level.
The agreement will see wagering information and markets from
TAB.com.au seamlessly integrated into the BreakingSports app news
feed. In addition to the current sports available on the
BreakingSports app, the new version will provide breaking news
information from social media feeds about Australian Football (AFL)
and Rugby League, EPL and A-League Soccer as well as International
Cricket.
"We are excited about the opportunity to work with a world
leading company like Tabcorp" said Marvin
Igelman, CEO of Sprylogics. "Tabcorp's wagering business is
one of the largest in the world with annual revenue exceeding
$2 billion and they are the clear
market leader in Australia.
Tabcorp is a global leader in legal and responsible gambling and we
are privileged to be showcasing their innovative wagering offerings
within our app."
"Our BreakingSports app provides users with the fastest updates
about their favorite sports teams and players by tapping into
social media with our proprietary semantic and NLP
technology. With our new Australian version of the app, users
will receive customized and filtered notifications about the sports
they are interested in, as the news breaks on social media and
users will be able to act on this information in a timely manner"
added Igelman.
The relationship with Tabcorp is a very important milestone for
Sprylogics as it is the first collaboration with an entity that
operates in a jurisdiction where sports' betting is legal. We
believe that our technology provides value by delivering
customized, fully-automated breaking news to sports enthusiasts,
fantasy sports players and the sports wagering market. We are
thrilled to be in a position to be able to offer this technology to
sports bettors in Australia.
About Tabcorp
As a diversified entertainment group and a leader in the
Australian wagering, racing media, gaming services and Keno
markets, Tabcorp manages leading customer brands in Australia, including TAB, Luxbet, Sky Racing,
Sky Sports Radio, Tabcorp Gaming Solutions (TGS), and Keno, serving
millions of customers every year. Tabcorp's three businesses
of Wagering and Media, Gaming Services and Keno employ more than
3,000 people. Tabcorp has more than 120,000 shareholders and
has a market capitalization within the top 100 Australian companies
listed on the Australian Securities Exchange.
Tabcorp is committed to ensuring its products are enjoyed by its
customers and delivered responsibly. In 2014, Tabcorp was ranked as
the global gambling industry leader in the annual Dow Jones
Sustainability Index, recognition the company has received in nine
of the last ten years.
About Sprylogics
Sprylogics International Corp. is a technology provider of
semantic search, machine learning and natural language processing
("NLP"). The Company's newest app, BreakingSports utilizes
semantic machine learning and NLP 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
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.