SPZI Spooz Inc (PK)

Symbol Management Clearing Corporation (SMCC) is pleased to announce the unveiling of the SymbologyDNA� methodology for use as the standardized link to the Options Symbology Initiative (OSI). On June 11, 2008, SMCC will present and recommend to the Financial Information Forum (FIF) and to the financial industry its recommendation to adopt SymbologyDNA� methodology and processes to ensure standardization, consistency and accuracy to global symbology management throughout all financial systems. Currently, the entire financial industry is being asked to modify their systems for OSI compliancy to handle a 21 character option symbol from the Options Clearing Corporation (OCC), and a 17 character option symbol from the Option Price Reporting Authority (OPRA). The proposed OSI methodology will undoubtedly carry a multi-billion dollar price tag for the industry to bear, similar to that of Y2K, and will impact systems end-to-end posing enormous risk to all financial environments. SMCC�s CEO, Lee Clifford says �We have carefully listened to industry representatives and are uniquely positioned to offer this solution. We believe we have met all of the objectives of the OSI plan in addition to adding new depth for the industry. The goal of standardized naming conventions for options series data and the derivatives industry is now achievable through SymbologyDNA�.� SymbologyDNA� will be used as an enhancement to the OSI. It will allow financial firms to translate 5 or 9 character symbology representations into the new 17 or 21 character symbology formats and vice versa. In fact, with the SymbologyDNA� process in place, the financial industry will be in a position to benefit from the next generation of electronic trade clearing systems for the ever expanding derivatives industry. �It is clear that the industry desires an approach to receiving accurate and efficient information with minimal impact to their internal systems,� stated Paul Strickland, CEO of Spooz. �We intend to deliver the technology to deploy SymbologyDNA� in such a way as to save the industry billions.� About SMCC (Symbol Management Clearing Corporation) SMCC is a joint venture company of Spooz Technologies, Inc., a wholly owned subsidiary of Spooz, Inc. (Pink Sheets: SPZI) and SFB Market Systems, Inc., a privately owned corporation. The goal of the 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 brokers, exchanges, and clearing firms with a flexible and robust platform from which to reserve and request new symbols for listed 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. 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.