Compare this press release with the one released 18 months ago. Sigh. From making millions to moving in with your sister cause you can't afford the rent. Yeah, that's real progress alright!!!
Friday October 10, 6:00 am ET
CHICAGO, Oct. 10 /PRNewswire-FirstCall/ -- Spooz, Inc., (Pink Sheets: SPZI - News) announced today that in order to meet today's economic conditions it had moved its offices and restructured its business to reduce costs. Paul Strickland, Chief Executive Officer, announced that the Company had combined quarters with 141 Capital in at 29 South LaSalle Street Suite 333. The company has also reduced its staff and has transferred its telephone and other services. He also announced that the Company has licensed the distribution and support for SpoozToolz to KaiTrade LLC on a non-exclusive basis, revenue sharing basis. That company is run by John Unwin, former Chief Technology Officer of Spooz. Under the agreement, Spooz will retain all of the product and intellectual property rights. Mr. Strickland added, "By taking these steps, Spooz is endeavoring to meet today's challenges and enhance stockholder value."
John Unwin commented, "This is an exciting partnership that combines the strengths of KaiTrade and Spooz and presenting new opportunities for significant revenue and value growth." KaiTrade's first priority will be to install SpoozToolz at Spooz's first major customer.
Within one year that customer could generate sales of up to 1,200 installations of SpoozToolz at a contracted price of $ 400 per month per installation.
Spooz Projects Large Revenues and Earnings
- 3/20/2007
CHICAGO--(BUSINESS WIRE)--Spooz, Inc. (OTC:SPZI) announced that its financial projections demonstrate the company will enjoy sizeable leaps in revenues and earnings over the next three years. According to its most recent economic forecast, Spooz expects its total income in 2007 to be $3,271,253, increasing to $29,474,886 in 2008 and spiraling to $102,328,865 for calendar 2009. Projected revenues are derived from three primary sources: SpoozToolz subscriptions for the Basic product and its attending modules, templates and trading systems; repackaged market data feed products; and proprietary trading. The projections have been published in a revised business plan that includes in-depth background information on the company, its structure and management team, descriptions of its products and services, operational plans for its profit centers, as well as management's certified financial statements.
