Eyelogic Systems Inc.
TSX VENTURE : EYE.A
CNSX : EYE.A

Eyelogic Systems Inc.

October 09, 2015 18:00 ET

Eyelogic Systems Concludes Asset Sale

CALGARY, ALBERTA--(Marketwired - Oct. 9, 2015) - Eyelogic Systems Inc. ("Eyelogic") (TSX VENTURE:EYE.A)(CSE:EYE.A) is pleased to report that it concluded its previously announced October 1, 2015 transaction and sold certain assets and the worldwide intellectual property rights for the Eyelogic System to 20/20 Vision Center LLC ("20/20 Vision") and terminated the August 2012 US Distribution Agreement for cash consideration of $521,956 USD ($675,759 CAD based on October 9, 2015 noon price).

About Eyelogic Systems Inc.

Eyelogic Systems Inc. provides automated refraction eye testing solutions primarily in Canada, the United States, France, and Italy. It operates in two segments, Eyelogic System & Corporate and Investment Structures. The company owns proprietary and patent rights to a software package that allows technicians to perform eyesight testing. It also sells computer and ophthalmic equipment packages, including automated refractors, autorefractors or autorefractors/keratometers, autolensometers, computer equipment, customer hardware interface, and customer interface cabling, as well as its software to opticians, optometrists, eyeglass dispensaries, and other optical related businesses. In addition, the company purchases controlling interests of private companies. Eyelogic Systems Inc. was founded in 1996 and is headquartered in Calgary, Canada.

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

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