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"Our strategy is to isolate a large commercial product built off WordLogic's foundation software, creating a product to streamline the search capabilities of a targeted industry or profession," explains Frank Evanshen, CEO of WordLogic. "We can create a product that ties into the multiple databases available to that industry or profession. This will result in a commercial product with the capability to access information deep into any database available to industry-specific needs."
"Through only a few key strokes, this product should significantly speed the search process by eliminating the arduous task of constantly moving through different program applications," adds Mr. Evanshen.
Mr. Evanshen says WordLogic has secured the required commitments for first stage project funding from two private placements, one previously announced, and another from a Toronto-based group headed by Ron Fleming totaling $500,000. These groups are to provide funding at different stages as the company progresses to commercialization. WordLogic is now assembling a software development team, an executive project management team, and consultants from the targeted industry or profession to ensure that the final product is built to meet industry-specific needs.
Vancouver, BC-based WordLogic (wordlogic.com) is the developer of patent-protected predictive text software widely used in Internet-based search applications. WordLogic is developing advanced methods of text and information entry into personal computing devices ranging from small handheld Mobile devices to Tablet and Desktop computers. WordLogic has several patents granted on its current products with several new applications now under consideration. Head office: 650 West Georgia Street, STE 2400, Vancouver, BC, Canada. Telephone: 1-866-WORDLOGIC.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See WordLogic's filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE WordLogic Corporation
http://wordlogic.com
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