Slyce Inc. Announces Short Form Prospectus Offering - Seite 2

The net proceeds of the Offering will initially be added to the Corporation's working capital and will subsequently be applied to various purposes in furtherance of the Corporation's business plan and for general corporate purposes.

This press release does not constitute an offer to sell or a solicitation of any offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or sale would be unlawful.

About Slyce Inc.

Slyce, 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.

Slyce is also listed on the Frankfurt exchange trading under (FRANKFURT:06O1).

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

READER ADVISORY

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

Statements in this press release contain forward-looking information including, without limitation, the issuance of a receipt by the securities regulatory authorities in the provinces of Ontario, British Columbia and Alberta for a final short form prospectus in connection with the Offering, the approval of the TSX Venture Exchange, the execution of an agency agreement among Slyce and the Agents, the timing and completion of the Offering and the anticipated use of proceeds by Slyce. The completion and timing of the Offering is based on a number of assumptions, including, that all approvals for the Offering will be received, a receipt by the securities regulatory authorities in the provinces of Ontario, British Columbia and Alberta being issued for a final short form prospectus in connection with the Offering, no material adverse change will occur in Slyce's operations nor will any events occur that would trigger termination rights under the agency agreement with the Agents. The intended use of the net proceeds of the Offering by Slyce might change if the board of directors of Slyce determines that it would be in the best interests of Slyce to deploy the proceeds for some other purpose. The words "will", "expect", "may" 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.