Adcore Inc. (ADCO:TSX.V), the developer of machine-learning powered advertising technologies, reported record second quarter financials, including an increase in revenue growth of 53% year over year. Adcore uses artificial intelligence (AI) algorithms to automate online search and shopping advertising and is used by digital agencies and advertisers to enhance and maximize search engine marketing. The company also announced two major contracts for online advertising, one with the Israeli Government Advertising Agency for CA$125 million over five years, and the second with Experience Oz, Australia and New Zealand's number one site for travel experiences, with an online advertising budget of up to CA$5 million per year. "Our growth continues to outpace the market and our competitors, with yet another record quarter of revenue and earnings,-- said Omri Brill, Adcore's CEO. "Our outlook for the second half of the year, historically the stronger half of the year, remains extremely bullish and we expect to make several exciting announcements over the coming months to drive shareholder value." The firm has developed three sets of tools to assist advertising agencies and advertisers with digital media marketing. Ben Mann, founder and director of Experience Oz, stated, "Adcore is the perfect partner to take our search and shopping to the next level.