EyeLogic Systems Lists on the Canadian Securities Exchange - Video News Alert on InvestmentPitch.com

July 14, 2014 10:36 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - July 14, 2014) - EyeLogic Systems (CSE: EYE.A) (TSXV: EYE.A) is one of the latest new listings on the Canadian Securities Exchange, and is trading under the symbol "EYE.A". The company will retain its listing on the TSX Venture Exchange.

InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "EyeLogic" in the search box.


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EyeLogic Systems operates in two diverse sectors.

The company's eye care business markets an innovative refraction system for the eye care professions. The main customer base is Canadian opticians and eyeglass dispensaries that use the company's automated system in concert with medical practitioners to generate prescriptions. The ability of these customers to offer in-store sight testing has been proven to increase business and customer satisfaction. Since inception, EyeLogic system users have performed over one million tests.

EyeLogic also has systems in operation in the United States, France and Italy. The US distributor is the start-up phase of a remote-testing business and while progress has been slow, it has been investing heavily towards a commercial launch.

The company is also in the investment business, and since 2004, has been purchasing controlling interests in private companies. The nature of the EyeLogic's investment in the controlled private companies enables the debt securities of the companies to be eligible for Deferred Plans, such as RRSPs, RESPs and other plans, with EyeLogic earning fees from each company for enabling these companies to raise funds from Deferred Plans.

The annual fee is generally the greater of $2,500 or 0.5% of the total capital raised by each private company from Deferred Plans. EyeLogic's investment in private companies do not meet the IFRS criteria for consolidation, and as such the investments are accounted for using the equity method.

The shares, which only trade infrequently, last traded at $0.14, and with 3 million shares outstanding, the company is capitalized at only $420,000.

For a more information, please visit www.eyelogic.com, contact Ryan Hoult at 403-261-7500 or email houltr@eyelogic.com.

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