Spooz, Inc. Announces Strategic Partnership With the Linn Group
July 15 2004 - 7:30AM
PR Newswire (US)
Spooz, Inc. Announces Strategic Partnership With the Linn Group
Companies to Share Technology, Services to Provide First
Comprehensive Integrated Business Solution to Futures and Options
Traders CHICAGO, July 15 /PRNewswire-FirstCall/ -- Spooz, Inc.
(Pink Sheets: SPZI) today announced it has entered into a strategic
partnership with the Linn Group to further enhance the company's
innovative SpoozToolz(TM) software that bundles real-time market
data, advanced technical analysis, charting, order execution and
numerous other functions designed primarily for commodities and
futures traders. As part of the agreement Spooz will occupy space
adjacent to the Linn Group's offices in the Chicago Board of Trade.
"We have spent years refining SpoozToolz in an operational trading
environment. SpoozToolz has evolved into a totally integrated
package that we believe will become one of the hottest programs in
the commodities market," said Spooz CEO Paul D. Strickland Jr. "Our
alliance with the Linn Group will help us raise SpoozToolz to the
next level as we aim for a full-scale commercial launch this fall."
Strickland said SpoozToolz is the first totally integrated program
that taps the power of Microsoft Excel(R) by combining streaming
quotes, charts, technical analysis, a comprehensive historical
database and trade execution into a simple add-in. When SpoozToolz
is loaded onto a computer it becomes part of the Excel tool bar,
providing trading and analysis screens and an electronic trading
gateway. It promotes building highly customized templates that
track the real-time market value of users' portfolios, asset
inventories and production using data directly from their existing
accounting systems. "The operational learning curve has been
flattened because Excel is the most commonly used program in the
industry," Strickland said. "In the past hedgers and traders would
run several programs to accomplish what SpoozToolz provides in a
single program that most market professionals are already adept at
using, and in fact, already have on their desks." The Linn Group,
also known for its technical innovation, will provide additional
technology and its clearing and execution services and industry
experience to make SpoozToolz even more indispensable to the
market. Adam Linn, vice-president and director of asset management
for the Linn Group, said, "We believe that SpoozToolz is a platform
that satisfies the needs of a vast array of market participants
with its simple integration into Microsoft Excel. The Linn Group
looks forward to adding value and support to the outstanding Spooz
management team." Darryl Dennis, chief marketing officer of Spooz,
added, "In the next few months, Spooz will distribute SpoozToolz to
every university agricultural economics department in America, plus
over 650,000 hedgers, traders and commodities participants. We will
be first-to-market with this type of program, and we believe
SpoozToolz will become the industry standard." Dennis said the
software will be offered on a limited-time, free-trail basis, after
which users will be required to subscribe. Subscribers will be
supported through online forums, education, and training on Spooz
websites. About the Linn Group The Linn Group is a privately held
registered FCM providing a wide range of clearing services to
brokers and traders around the globe. It has expanded its
traditional execution and market analysis products into a wide
array of consulting, research, and educational products for the
commercial marketplace. The Linn Group is known for its innovative
technology solutions to the clearing function and customer
communication process within the futures and options business.
Further information is available at http://www.linngroup.com/ or
312-648-2410. About Spooz Spooz, Inc., a publicly traded company,
has developed, tested and proven SpoozToolz in the commodities
marketplace among professional hedgers and traders throughout the
United States. Further information is available at
http://www.spooz.com/ or 312-415-1032. SpoozToolz(TM) is a
trademark of Spooz, Inc.; Excel(R) is a registered trademark of
Microsoft Corporation. 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.
DATASOURCE: Spooz, Inc. CONTACT: Paul Strickland, CEO of Spooz,
Inc., +1-312-540-9100, ; or Karl Plath, , or Woody Wallace, , of
The Investor Relations Company, +1-847-296-4200 Web site:
http://www.linngroup.com/ http://www.spooz.com/
Copyright