GlassesOff Inc. Renamed InnoVision Labs, Inc., New Trading Symbol INVS

NEW YORK, January 21, 2016 /PRNewswire/ --

- Product portfolio expanded, includes a sports app in partnership with Clippers point guard Chris Paul for enhancement of image processing speed, and an app for improvement of near vision sharpness aiming to eliminate dependency on reading glasses , both through brain exercises.

- The company will start trading under the INVS symbol starting January 22. 

InnoVision Labs, Inc. (OTCBB: INVS) announced today the company's new name, InnoVision Labs, Inc., and new trading symbol INVS. The new InnoVision Labs name is part of the company's expanded product portfolio, which now includes apps for (i) sports - focusing on vision processing speed exercises, and (ii) reading - focusing on near vision sharpness training. Under the enhancement of image sharpness business segment, GlassesOff™ will remain the brand name of the existing mobile application that aims to eliminate dependency on reading glasses. Game Vision™ will be the brand name used for the upcoming mobile applications with a focus on sports vision performance, the first of which is scheduled to be launched in the first quarter of 2016, in partnership with Chris Paul, eight-time all-star basketball player and Los Angeles Clippers point guard.

Nimrod Madar, CEO of InnoVision Labs, said: "The new name reflects the two core pillars of the company's DNA: innovation and vision performance. It represents our commitment to invest heavily in scientific research, aiming to continuously enhance the efficacy of our existing technologies while pursuing further innovation to fuel our growth with new products that will drive the growth of our product portfolio."

About InnoVision Labs  

InnoVision Labs, Inc. (OTCBB:INVS) is public, a visual neuroscience technology company, utilizing patented technology to develop and commercialize consumer-oriented software applications. The Company is developing and commercializing next generation vision performance applications. InnoVision Labs has developed a proprietary, patent protected neuroscience technology platform to improve near vision performance through brain exercise, by improving the image processing function in the visual cortex of the brain. http://www.innovision-labs.com.

Safe Harbor Statement: This press release contains forward-looking statements, which may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "would," "intends," "estimates," "suggests," "has the potential to" and other words and phrases of similar meaning, including statements regarding the results of effectiveness of GLASSESOFF's applications. Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect GLASSESOFF's business and prospects, including the risks that GLASSESOFF may not succeed in generating any revenues or developing any commercial products, that the products may not achieve the expected results or effectiveness, and other risks and uncertainties that may cause results to differ materially from those set forth in the forwardlooking statements. In addition to the risk factors described above, investors should consider the economic, competitive, governmental, technological and other factors discussed in GLASSESOFF's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and we do not undertake any obligation to update forward-looking statements, except as required under applicable law.

SOURCE GlassesOff Inc.