SPZI Spooz Inc (PK)

Spooz Technologies, Inc., a wholly owned subsidiary of Spooz, Inc. (Pink Sheets:SPZI) and SFB Market Systems, Inc. (SFB) a privately owned corporation are pleased to announce they have entered into a Letter of Intent to launch the Symbol Management Clearing Corporation (SMCC). The goal of SMCC is to incorporate the advanced technologies provided by Spooz into the expansion of SFB�s products and services known as Symbol Manager� and Symbol Master� for the purpose of regulating global symbology management. SMCC will provide the trading industry with a seamless interface for access into its centralized repository servers, thus increasing efficiency and accuracy within the exchanges and firms. SFB has solved the problem of decentralization with its proprietary products, Symbol Manager� and Symbol Master�, which currently provide information and services that are held to the highest standards to options exchanges and market participants. The new joint venture plans are to expand current SFB services to the entire trading industry. Spooz and the SMCC will provide brokers, exchanges, and clearing firms with a flexible and robust platform from which to request new symbols for trading products. This will also allow for the creation of synthetic products to which new symbols may be assigned, such as spreads, baskets, and combinations. The new electronic system will replace the antiquated manual processes and is expected to save the exchanges and the industry millions of dollars. �We are excited with the opportunity presented to Spooz by SFB Market Systems and the joint venture plan,� said Paul D. Strickland, the Spooz CEO. �We are confident that SMCC will become the largest and most reliable source for accurate trading information bringing tremendous value to our shareholders and market participants�. �SFB looks forward to working with Spooz and its innovative team to jointly provide the financial industry with the most advanced integrated systems and technology tools for the centralization of symbology management. This will ensure the best and quickest execution possible in trade clearing,� said Lee Clifford, CEO of SFB Market Systems. About Spooz, Inc. Spooz, Inc. is an independent software vendor developing revolutionary trading solutions for active and professional electronic traders. Spooz's suite of technology products provide the most versatile configuration of trading screens, analysis screens and automated trading systems in a fast growth financial marketplace. Spooz is a trading solutions company focused on next generation traders. SpoozToolz�, AlgoServer�, SpoozChartz�, Spooz AutoSpreader�, ToolzKit� and Spooz CPM�, the Company's flagship products enable any trader to quickly and efficiently bridge the gap between concept and execution. The value of the SpoozToolz platform is that it allows any trader to create trading applications that retain flexibility and customizability, are simple to use, and facilitate bringing trader�s ideas to production before opportunity for profit is lost. About SFB Market Systems, Inc. Founded in 1994, SFB has been the industry expert in options symbology for over 14 years and has provided the options exchanges with both technology solutions and data management services. SFB currently manages all option symbology traded in the U.S. through its proprietary software known as Symbol Manager� and Symbol Master�. Symbol Manager which is used by the options exchanges to manage and generate options series data is integrated with Symbol Master�, also used by the exchanges and market participants as the centralized repository for options symbology and reference data. SFB is dedicated to servicing the financial industry with the management and distribution of the most accurate, reliable and up-to-the-minute symbology information. In addition, SFB works to provide support to the Options Symbology Initiative. Forward Looking Statements This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.