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CALGARY, AB, July 14, 2020 /CNW/ - Sylogist Ltd.
(TSXV: SYZ) ("Sylogist" or the "Company"), is pleased to
announce that its Special and Annual General Meeting, which had
been scheduled and subsequently adjourned due to Covid-19 concerns,
will be held at its offices on Wednesday,
August 12, 2020 at 10:00 a.m.
Calgary time.
The Board of Directors of the Company has nominated incumbents
Barry Foster, Taylor Gray, Jim
Wilson and Dave Elder, and
two new nominees, Lester Fernandes
and Craig O'Neill (profiles below),
for election as directors to serve for the ensuing year.
Ron Cherkas and Fraser Elliott are stepping down from the Board,
after many years of dedicated and valuable service. Not only have
Ron and Fraser offered their varied experiences, as well as their
time and sage counsel to our Board, they have done so always as
major shareholders of the Company, which is a true testament to
their commitment to Sylogist's remarkable success. Ron and Fraser
joined the Sylogist board at the embryonic stage of the business
and oversaw and assisted in developing the business into what it is
today. During their stewardship, Sylogist developed today's
platform for future dynamic growth, while increasing shareholder
value by more than 40 fold. "On behalf of our stakeholders, our
staff and the Board of Directors, I want to thank Ron and Fraser
for their guidance and commitment to our success and their
continuing friendship. We all appreciate it very much" stated
Jim Wilson, CEO.
Sylogist is now positioning its highly profitable platform to
embrace leveraged growth within the public and quasi-public markets
we serve. Mr. Wilson continued "to support our future plans, we are
pleased to welcome two new independent director nominees, each with
a wealth of experience and success in rapidly growing
software-as-a-service businesses."
Lester Fernandes is the President
and CEO of Segovia Capital Ltd., a family investment company he has
operated since 2018. Segovia invests primarily in early stage
technology and software companies, lending Mr. Fernandes'
experience and mentorship to entrepreneurs. Prior thereto, he
was a Co-Founder and CFO of Pivotal Payments Ltd., a financial
technology company that specializes in payment processing, a
position he held since 2001. Mr. Fernandes spent 15 years at
BMO Nesbitt Burns, where he served as Managing Director, Corporate
and Investment Banking, specializing in telecom and wireless
structured financings. He serves on a number of technology company
and charitable boards.
Craig O'Neill is the CEO of
VersaPay Corp., a financial technology company that specializes in
accounts receivable software, which office he has held since
2013. Mr. O'Neill graduated from the University of Toronto with a BSc in Computer
Sciences in 1986 and held senior executive positions in a number of
technology companies prior to joining VersaPay.
The new nominees for election to the Board of Directors will be
subject to the approval of the TSX Venture Exchange.
About Sylogist
Sylogist is a technology innovation company that, through
strategic acquisitions, investments and operations management,
provides intellectual property solutions to a wide range of Public
Sector customers. We are an industry-leading publisher
of mission-critical software products that satisfy the unique and
sophisticated functionality requirements of Public Sector entities,
including nonprofit organizations, educational institutions and
government agencies, as well as public compliance driven and funded
businesses. Our Company delivers highly scalable, multi-language,
multi-currency software solutions, which serve the needs of an
international clientele.
The Company's stock is traded on the TSX Venture Exchange under
the symbol SYZ. Information about Sylogist can be found at
http://www.sylogist.com.
Forward-looking Statements
Certain statements in this news release may be
forward-looking statements within the meaning of applicable
securities laws and regulations. These statements typically
use words such as expect, believe, estimate, project, anticipate,
plan, may, should, could and would, or the negative of these terms,
variations thereof or similar terminology. By their very nature,
forward-looking statements are based on assumptions and involve
inherent risks and uncertainties, both general and specific in
nature. It is therefore possible that the beliefs and plans
and other forward-looking expectations expressed herein will not be
achieved or will prove inaccurate. Although Sylogist believes that
the expectations reflected in these forward-looking statements are
reasonable, it provides no assurance that these expectations will
prove to have been correct. Forward-looking information
involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this
news release includes statements with respect to the upcoming
meeting of shareholders of the Company and the Company embracing
leveraged growth. Material assumptions and factors that could cause
actual results to differ materially from such forward-looking
information include the approval of the new nominees by the TSX
Venture Exchange and the Company's ability to attract and retain
customers. Although Sylogist believes that the material assumptions
and factors used in preparing the forward-looking information in
this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur. Sylogist disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by law.
- Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release-
SOURCE Sylogist Ltd.
