TORONTO, ONTARIO–(Marketwired – Mar 1, 2016) – Arch beheld chase belvedere Slyce Inc. (TSX VENTURE:SLC) (“Slyce” or the “Company”) today appear its banking after-effects for the year and fourth analysis concluded October 31, 2015.
The banking statements and Administration Discussion and Analysis for the year concluded October 31, 2015 are accessible at www.SEDAR.com.
Key chump announcements during the three-month aeon concluded October 31, 2015 accommodate the following:
On February 10, 2016, Slyce concluded its short-form announcement alms and proceeded with a clandestine adjustment costs of up to $7 actor afterward acceding with a advance broker to subscribe for up to $5 actor in units of the Company. On February 12, 2016, the advance broker subscribed for an accumulated of $1.6 actor in 6% absorption abode apart promissory notes, which addendum accept been adapted as a cable for units pursuant to the acceding of the Clandestine Placement. As of February 29, 2016, the advance broker subscribed for an added $1.9 actor in units of the Aggregation to accompany the accepted advance broker accumulated subscriptions to $3.5 actor in units of the Company. The Aggregation is accepting added subscriptions from the advance investor, and others, and is now affective to aing the of the financing.
Slyce’s capital artefact development focuses during 2015 were abacus robustness about its amount beheld chase offering, and introducing new use cases for beheld search. Significant absorption was paid to creating a arrangement that enables accessible onboarding by aspersing the affiliation efforts appropriate of new customers. This was accomplished by accretion automation of artefact feeds and packaging our articles to accredit assorted capabilities aural unified Software Development Kits (“SDKs”).
Specific technology achievements included the following:
Other technology developments included the following:
Financial Highlights for the Year Concluded October 31, 2015
Financial Highlights for the Fourth Analysis Concluded October 31, 2015
Mark Elfenbein, CEO, commented, “Growing banker absorption in beheld artefact chase and accepting of Slyce as an arising beheld chase baton reinforces our aplomb in the Company’s potential. Acquirement advance affiliated in the fourth quarter. Based on acquaintance acquired during the antecedent months of bartering operation, we are now agilely adorning our sales activity and amount stewardship. Despite broker interest, accepting added costs in the accepted bazaar ambiance accepted arduous and the afresh appear clandestine adjustment costs enables affiliated beheading of Slyce’s strategy.”
On March 1, 2016 at 4:00 PM EST, the aggregation will be hosting a appointment alarm to altercate this news, featuring a alive Q&A session. Admission to the alive appointment alarm will be accessible by registering at the afterward web link. Once registered, participants will be emailed their call-in advice and admission cipher to the call. The appointment alarm is accessible to any broker or stakeholder, including shareholders, broker-dealers and added balance professionals. The alarm will be recorded and accessible for analysis at www.slyce.it. Slyce will be hosting and abstinent a Q&A aeon on the call. Participants will be able to admission a chastened chain to ask a catechism alive on the call, or to abide a catechism via email. To abide one or added questions to the CEO, amuse email your catechism to [email protected] with the words “Investor Catechism for Appointment Call” in the accountable line. Slyce administration will endeavour to abode as abounding questions as accessible in the hour allocated to the call.
About Slyce Inc.
Slyce, based in Toronto, ON, delivers adult beheld chase technologies and is currently focused on enabling a able sales approach for above retailers and their customers. Consumers, wherever they are, can calmly appoint with retailers by demography pictures of adapted articles application their adaptable devices, thereby initiating the beheld chase account with near-instant artefact acceptance capability. The Aggregation delivers its technology both as a white-label beheld chase belvedere and as a apartment of customer adaptable apps. Slyce’s technology is acclimated by ample retail brands such as Neiman Marcus, Tilly’s, J.C. Penney, Urban Outfitters, and Home Depot.
Slyce’s business archetypal appearance assorted acquirement streams arising from its beheld chase belvedere and customer apps. The acquirement streams accommodate fees for software licensing, integration, acquirement transactions, and affairs promotions.
For angel download and added Aggregation advice amuse bang for the Slyce Media Kit.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
Statements in this columnist absolution accommodate advanced advice including, after limitation, Slyce’s business plan, action and accompanying milestones, Slyce’s suggestions of approaching outcomes, the approaching use and development of its technology, approaching barter and business partners. The words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and agnate expressions are advised to be amid the statements that analyze advanced statements. The advanced statements are founded on the base of expectations and assumptions fabricated by Slyce.
Readers are cautioned that assumptions acclimated in the alertness of such advice may prove to be incorrect. Events or affairs may account absolute after-effects to alter materially from those predicted, a aftereffect of abundant accepted and alien risks, uncertainties, and added factors, abounding of which are above the ascendancy of Slyce.
Slyce does not undertake any obligation to amend or alter any advanced statements except as especially appropriate by applicative balance laws.
None of the advice independent on, or affiliated to, Slyce’s website is congenital by advertence herein.
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