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SPZI News Spooz Technologies Inc. and SFB Market Systems Inc...
Thursday, May 22, 2008 8:01 AM

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News for 'SPZI' - (Spooz Technologies Inc. and SFB Market Systems Inc. to Launch Joint Venture Company)


CHICAGO, May 22, 2008 (BUSINESS WIRE) -- 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(TM) and Symbol Master(R) 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(TM) and Symbol Master(R), 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(TM), AlgoServer(TM), SpoozChartz(TM), Spooz AutoSpreader(TM),
ToolzKit(TM) and Spooz CPM(TM), 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(TM) and
Symbol Master(R). Symbol Manager which is used by the options exchanges to
manage and generate options series data is integrated with Symbol Master(R),
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.

SOURCE: Spooz, Inc.




CONTACT: for SpoozDaryl Dennis, CMO, [e-mail] SFBLee Becker, [e-mail]




Copyright Business Wire 2008

-0-




KEYWORD: United States

North America

Illinois

INDUSTRY KEYWORD: Technology

Data Management

Software

Professional Services

Finance

SUBJECT CODE: Contract/Agreement

Product/Service

Source: Comtext Market News
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