Slyce Inc. Contracts with Fortune 100 Retailer for Mobile Visual Search Technology

Press Releases |

TORONTO, ONTARIO--(Nov. 10, 2015) - Visual product search platform Slyce Inc. (SLC:CA) ("Slyce") today announced a signed contract with a Fortune 100 retailer to power visual search for mobile commerce.

The Slyce technology enables customers to snap images of products and find matching products in a retailer's online product catalog.

Slyce CEO Mark Elfenbein said of the announcement, "We're immensely excited to add another marquee retailer to our client base. This not only further demonstrates the level of demand for visual search in the market but also represents another major endorsement of our technology platform."

About Slyce Inc.

Slyce (TSX VENTURE:SLC)(FRANKFURT:06O1), based in Toronto, ON, delivers sophisticated visual search technologies and is currently focused on enabling a powerful sales channel for major retailers and their customers. Consumers, wherever they are, can conveniently engage with retailers by taking pictures of desired products using their mobile devices, thereby initiating the visual search service with near-instant product recognition capability. The Company delivers its technology both as a white-label visual search platform and as a suite of consumer mobile apps. Slyce's technology is used by large retail brands such as Neiman Marcus, Urban Outfitters, Tilly's, JCPenney and Home Depot.

Slyce's business model features multiple revenue streams arising from its visual search platform, consumer apps and corresponding data services. The revenue streams include fees for software licensing, integration, purchase transactions, program promotions and data analytics.

For image download and further company information please click for the Slyce Media Kit.

READER ADVISORY

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release contain forward-looking information including, without limitation, Slyce's business plan, strategy and related milestones, Slyce's suggestions of future outcomes, the future use and development of its technology, future customers and business partners. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Slyce.

Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Slyce.

Slyce does not undertake any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

None of the information contained on, or connected to, Slyce's website is incorporated by reference herein.

 

Contact Information

 

For further information and interviews, please contact:
Slyce
Mark Elfenbein
(587) 897-0993
Mark@slyce.it

Slyce
Roy Roman
(647) 464-6200
Roy@slyce.it

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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