Business
Sylogist Announces Initiatives to Increase Shareholder Value; Executive Chairman Returns as CEO
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About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE\n\n\nSERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, May 9 /CNW/ - The Board of Directors of Sylogist Ltd. (TSXV:SYZ)\ntoday announced initiatives aimed at driving shareholder value through\nfocusing the Company on its core focus in financial, administrative and\noperational software systems and support while building on Sylogist's\ninnovation in the public sector market. To accomplish this objective, the\nBoard has appointed Jim Wilson, chairman, to take on the additional roles of\npresident and chief executive officer, effective immediately.\n\n\nWilson has served the Company in various capacities over the past 7 years\nas Director, Chairman and CEO. He will be responsible for the overall\nstrategic direction of the Company, with a predominant focus on driving\nshareholder value through generating improved cash flow and revenue growth.\nDave Elder, vice president of corporate development, will work closely with\nJim on growing the business scale through strategic acquisitions and\npartnering.\n\n\n"I am enthusiastic about returning to the role of chief executive\nofficer. At Sylogist we are committing ourselves to customer focused\nactivities that will lead to value creation for all stakeholders along with\nthe entrepreneurial risk-taking and innovation that spawns success," stated\nWilson.\n\n\n"On behalf of the Board and all Sylogist employees and customers, we\nwould like to thank Werner Biegler, who is leaving the Company, for his\nnumerous contributions. Werner was a passionate and tireless advocate and we\nwish him success in his future endeavors," concluded the Sylogist Board.\n\n\nAbout Sylogist\n\n\nSylogist provides and supports leading enterprise information management\nand collaboration software applications to municipal, education and private\nsector customers.\n\n\nThe Company's stock is traded on the TSX Venture Exchange under the\nsymbol SYZ. Information about Sylogist can be found at\nhttp://www.sylogist.com.\n\n\nForward-looking statements: This press release contains statements about\nexpected or anticipated future events and financial results that are\nforward-looking in nature and, as a result, are subject to certain risks and\nuncertainties, such as general economic, market and business cond...