TORONTO, ONTARIO — (Marketwired) — 01/13/15 — SLYCE Inc. (“Slyce”) (TSX VENTURE: SLC) announces that its has granted stock options to acquire an aggregate of 825,000 common shares of Slyce to directors and officers of Slyce.
Each grant of options has a three-year term from the date of grant. Each option is exercisable into one common share of Slyce at an exercise price of $0.81 per share. The options vest over a period of 24 months (one-third vest immediately, one-third vest 12 months from the grant date, and one-third vest 24 months from the grant date).
Giving effect to the grant, there will be 9,142,192 outstanding options to purchase common shares of Slyce, representing approximately 8.40% of Slyce–s issued and outstanding common shares.
About SLYCE Inc.
Slyce is a visual search technology company based in Toronto, Ontario and is engaged in the business of providing advanced imaging and visual search software that allows consumers to purchase products at the moment they discover them – in the real-world and online.
Slyce has developed an advanced visual search platform that integrates with retail brands and digital content providers to give their customers the ability to instantly discover and purchase products that inspire them by simply snapping photographs with their smartphones or “clicking” images on either their smartphones (mobiles) or desktop web browsers.
Slyce–s strategy is to position itself as a pivotal player in the emerging visual web. Slyce will provide its technology to retailers, brands, app developers and digital publishers, enabling their apps to recognize products for instant purchase. Slyce will provide its technology to retailers in exchange for integration, licensing and per search fees, percentage sales splits and big data provision and analysis. Slyce is currently working with a growing list of fortune 1000 brands and companies as well as multiple innovative developers.
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Reader Advisory
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. The reader is cautioned not to place undue reliance on this forward looking information.
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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the 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 press release.
Contacts:
For further information and interviews, please contact:
Slyce
Mark Elfenbein
T. (587) 897-0993
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