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DAILY NEWS
Sep 5, 2008 7:07 AM
WordLogic, Codima to Develop Web Search Technology
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WordLogic Corporation and Codima Inc. have entered into a joint venture to develop and commercialize advanced web search and crawl related technology.
The joint venture will be owned 50/50 between companies.
WordLogic says its reasoning for entering into the relationship stems from a recent report relating to the commercialization, market penetration, and valuation of the Company's technology.
In this comprehensive report William Pipkin, asserts that WordLogic Corporation has the technology, capability and expertise to build through organic growth a multi-billion dollar revenue stream by capturing a percentage of the Traffic Acquisition Costs (TAC) of the world wide Internet keyword search market.
Pipkin believes that the Company can also double the overall size of the TACs captured by using its technology to capitalize on the explosive growth of the SmartPhone market by enabling users to readily carry out Internet keyword searches.
Pipkin detailed in his report why WordLogic Corporation has a competitive advantage in the TAC market for PCs and especially for SmartPhones. The full document will be made public soon after this proprietary technology is protected by way of a patent pending filing.
"This vertical application should give WordLogic an advantage when competing for ad revenue in the same space as the likes of Google and Yahoo," commented Frank Evanshen, WordLogic's President and CEO.
WordLogic Corporation is a technology company that delivers predictive interface solutions for computing devices ranging from small hand-held devices such as PDAs to laptops and tablet PCs to conventional desktop computers. Incorporated in the United States, the company's research, testing and marketing facilities are located in Canada.
