Slyce Inc. Announces Receipt of Unsecured Loans from Certain Insiders, Additional CDN$1 Million Standby Bridge Loan and Provides Update on Anticipated Closing Date for Prospectus Offering - Seite 3

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 the Notes, the obtaining of a receipt for the Final Prospectus, the approval of the TSX Venture Exchange, the execution of an agency agreement among Slyce and the agents named therein, the timing and completion of the Offering, the anticipated use of proceeds of the Offering by Slyce and the completion of the Bridge Loan or any advance thereunder. The completion and timing of the Offering and any advance under the Bridge Loan 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 the Final 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. The intended use of the net proceeds 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 completion of the Bridge Loan is based on a number of assumptions, including, that all approvals for the Bridge Loan will be received, no material adverse change will occur in Slyce's operations nor will any events occur that would trigger termination rights under the loan agreement with JJR. 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.