Mr. Mark Elfenbein reports

SLYCE INC. CONTRACTS WITH URBAN OUTFITTERS TO PROVIDE MOBILE VISUAL SEARCH TECHNOLOGY

Slyce Inc. has signed a contract with specialty retailer Urban Outfitters to power visual search for mobile commerce.

Founded in 1970, Urban Outfitters has more than 230 stores in the United States, Canada and Europe and operates as a division of Urban Outfitters Inc., a leading lifestyle specialty retail company that also comprises the Anthropologie, Bhldn, Free People and Terrain brands.

Slyce will derive revenues from the contract through monthly recurring software licensing and service fees, in line with its current pricing model, over the term of the contract.

We seek Safe Harbor.