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Last $0.06 USD
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WLGC On Other Exchanges
As of 8:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

wordlogic corp (WLGC) Snapshot

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52 Week High
05/28/14 - $0.18
52 Week Low
03/16/15 - $0.02
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wordlogic corp (WLGC) Details

WordLogic Corporation, a development stage company, develops and commercializes data entry software for handheld computing devices. The company develops, markets, licenses, and sells predictive text solutions designed to accelerate the entry and retrieval of text and information for personal computing devices focusing on smart phones and tablets, as well as hybrid touchscreen devices, wearables, and car systems. Its target customers would include Tier 1 wireless operators, as well as smartphone original equipment manufacturers in the United States. The company is headquartered in Vancouver, Canada.

wordlogic corp (WLGC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
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Chief Technology Officer
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Compensation as of Fiscal Year 2014.

wordlogic corp (WLGC) Key Developments

WordLogic Corp. announced delayed 10-Q filing

On 05/18/2015, WordLogic Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

WordLogic Corp. Signs Firm Letter of Intent for Global Licensing Agreement

WordLogic Corp. announced the signing of a firm Letter of Intent to grant a non-exclusive global licensing agreement to all of WordLogic patents, including REACH patent-pending. WordLogic will however, grant an 18-month exclusive to allow the completion of the development and deployment of REACH technology. Nirvana will be assisting in this endeavour with a private, well-funded venture firm. Nirvana has a wide clientele with divergent business verticals in a variety of industries including legal services, immigration, finance, e-commerce, construction, real estate, environment, food and transportation. The goal of this partnership is to apply REACH technology to already existing apps with a large user-base seeking a revenue model. A 6-month development completion cycle is anticipated, along with a 10-month market penetration. The terms of agreement are as such: a one-time USD 250,000 cash payment where all revenue will be split 40% to WordLogic and 60% to the venture fund after commissions. The definition of commissions will be determined by the split paid to the app. For example, a commission of 50% from all ad-revenue is paid to the app, then the remaining balance will be split 40/60 to the partnership. WordLogic's percentage will be paid on a gross basis, less cost of goods sold and commissions at the end of every quarter. As per example if 1 million users utilizing REACH in an app order 1 Groupon coupon purchase per year per user and click through ads presented by the REACH search mechanism twice a week would generate approx. USD 3 million per quarter in revenue. Less commissions and partnership split would result in approx. USD 700,000 per quarter in revenue to WordLogic per 1 million users. Under the terms of the LOI, a definitive agreement will be finalized within the next 10 days.

WordLogic Corp. announced delayed annual 10-K filing

On 03/31/2015, WordLogic Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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