Toronto based Spreed Inc. released their first version of Spreed:News, an application that enhances the way people read news on mobile phones. Spreed’s research has been used to create a simple and user friendly interface for consuming text-based content. Their proprietary reader increases reading speed and reduces problems with the restrictive form found on mobile devices.

The product will be launched on the Apple iPhone and the company will be releasing a version for the RIM Blackberry in the near future.