Mr. Mark Elfenbein reports

SLYCE INC. CONTRACTS WITH FORTUNE 500 RETAILER TO PROVIDE MOBILE VISUAL SEARCH TECHNOLOGY

Slyce Inc. has signed a contract with leading specialty fashion retailer, Nordstrom, to power visual search for mobile commerce.

Founded in 1901, Nordstrom is a Fortune 500 retailer with more than 323 stores in 39 American states and Canada.

Slyce chief executive officer Mark Elfenbein said of the announcement, "We're immensely excited to be deploying our technology with another notable retailer."

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.

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