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 excited to announce that their new joint venture company, the Symbol Management Clearing Corporation (SMCC), will employ a new SpoozToolz module, �SymbolToolz��, as a key component of Symbol Manager� and Symbol Master�s� symbol request, approval and management process. The process enables, 1) exchanges to request and reserve symbols for currently trading instruments or new issues; 2) sell side brokers to request option strikes, spreads and synthetic symbols, and; 3) buy side market participants, such as hedge funds, fund managers, institutions and independent traders, to electronically request symbols from their brokers or clearing providers for any exchange listed instrument, or synthetic spread or basket of listed instruments. �These new developments in no way signal a change in the direction of our company,� stated Paul D. Strickland, Jr., the Spooz CEO. �Our new joint venture simply illustrates the flexibility of SpoozToolz and, in reality, shows how SpoozToolz is applicable to hundreds of transaction processing and messaging revenue streams besides trading.� In addition, the process will allow market participants to view pending symbols on two levels, 1) those pending symbols that are not attached to resting orders; 2) those symbols that show size on the bid or offer side of a trade. This will dramatically assist brokers in developing markets for large customers before new symbols are approved. A diagram of the new SMCC process will be available for viewing today at www.Spooz.com and www.SymbolMaster.com. �The SMCC process is geared to meet the needs of the investment and financial communities to ensure that best execution in trade clearing is achieved more efficiently than ever before. This new process brings an entirely new dimension to the sophisticated trading environments of today and is truly a step forward into the next generation of electronic trading,� said Lee Clifford the new CEO of SMCC. Negotiations between Spooz and SFB are continuing at a highly cooperative level with the next meeting scheduled for Thursday, May 29th in Chicago. According to the terms of the Letter of Intent executed on May 22, definitive agreements for the new private joint venture company are due for completion before July 31, 2008. 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.