Slyce Inc - The Want Engine - Signs Agreement with Leading Grocery App Network PDN to Provide Visual Search Technology for Photo-Driven Shopping List Creation

TORONTO, ONTARIO--(Marketwired - July 24, 2014) -

Editor's Note: There is a video and an image associated with this release.

Visual Search Company Slyce Inc. (TSX VENTURE:SLC) today announced it has signed an exclusive agreement with The Purchase Decision Network (PDN), to provide visual product search services for their own "Shopper" App (www.myshopperapp.com) and other 3^rd party shopping apps within their network.

PDN currently powers 10MM shopping trips by 2MM shoppers monthly across the different shopping experiences provided by its publishing partners.

The Slyce Inc. visual search technology will allow users to snap photos of grocery products around their home, including non-packaged items such as fruit and vegetables, and have them recognized and immediately added to their mobile shopping lists.

Once lists have been created in PDN's Shopper App, grocery coupons, supermarket flyers and daily deals from brands and retailers are automatically matched against them.

Slyce and PDN will share in monetization vehicles around the integration, including targeted ad units, local offers and affiliate product purchase opportunities.

Slyce CEO Mark Elfenbein said, "This partnership represents a winning scenario for everyone involved. Together, Slyce and PDN are giving users access to an innovative and intuitive way to easily add items to their shopping list and also creating valuable real estate for CPG companies and advertisers to reach shoppers at the time of purchase intent."

Sean Flynn CEO of PDN said "Our publishers will immediately get access to a great new technology as well as a brand new source of revenue. We are excited to see them integrate visual search into their different real-world shopping experiences. "

About SLYCE Inc.

The Corporation is a visual search technology company based in Toronto, Ontario and is engaged in the business of providing advanced imaging technology visual search software that allows consumers to purchase products at the moment they discover them - in store and online.

The Corporation 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. The customer is provided with direct and close-matching products from the retailer's inventory, which can be purchased immediately at the moment of inspiration.