|By Marketwired .||
|November 30, 2012 07:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/30/12 -- WordLogic Corporation (OTCQB:WLGC), the predictive intelligence technology company that creates patented solutions for mobiles, tablets, and desktops today announced that effective immediately, Frank Evanshen has decided to step down as CEO & President, with the current COO, Paul Silverstein, taking over the role of President and CEO.
"Paul Silverstein has demonstrated tremendous leadership and execution since he joined WordLogic this past April," said Frank Evanshen. "It is time for me to hand over the reins to Paul to lead the company and to execute on our strategic vision since the company was founded over a decade ago."
Frank Evanshen was one of the original investors and co-founder's of WordLogic in 2000, becoming President & CEO in 2001. During his time leading WordLogic he spearheaded the company's long-term strategic patent initiatives, which led to the successful licensing transaction for $5 million this past spring.
Frank Evanshen commented, "I am immensely proud of our new management team and all we have accomplished in the last six months. We were able to secure a significant patent licensing deal; launch our first Android predictive input keyboard, and I believe that an increasingly touch-technology driven world we are well-positioned to become a global leader for predictive input platforms in the future."
Paul Silverstein has been the Chief Operating Officer of WordLogic Corporation since April 2012. Mr. Silverstein has been an entrepreneur for the past 25 years, founding and building companies focusing on new technology and developing trends in the global marketplace. He had successfully led a company from inception to Nasdaq in three years and is recognized as one of the pioneers of the $10 billion prepaid telecom industry. Prior to his current position at WordLogic, Paul was an active President and Founder of a portfolio of six companies focused on meeting today's economic requirements for on-demand talent, HR technology and security in the United States and India.
About WordLogic Corporation
WordLogic Corporation (OTCQB:WLGC) develops, markets, licenses and sells advanced predictive platform software designed to accelerate information discovery and text input. The Company's innovations operate on a wide variety of devices including smartphones, PCs, cell phones, Smart TV, media players, automotive navigational systems, infotainment and game consoles. The Company's intellectual property portfolio includes six issued U.S. and European patents and three pending U.S. patent applications.
For more information about WordLogic Corporation, visit www.wordlogic.com. To send a message via Twitter contact us at www.twitter.com/wordlogiccorp or visit us on Facebook at www.facebook.com/wordlogiccorp. WordLogic headquarters are located at 1130 West Pender Street, Suite 230, Vancouver, BC, Canada.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements and are subject to risks and uncertainties. See WordLogic's filings with the US Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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