Business
Sylogist Ltd. - News Release
Sylogist Ltd. - News Release.
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, June 29 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture Exchange)\nSylogist today announced the voluntary cancellation of 250,003 stock options\nwhich had previously been granted to management, employees and members of its\nboard, which are currently unvested and out-of-the-money. No new grants of\noptions have been made at this time. While the company's existing stock option\nplan remains in place, the compensation committee of the board is currently\nconsidering various incentive arrangements for its staff and other personnel.\n\n\nAbout Sylogist\n\n\n--------------\n\n\nSylogist delivers information management and technology solutions to\nlocal government, education and private sector clients. The Company provides\nimplementation services for enterprise software under a traditional software\nand support model as well as software as a service model. Sylogist enhances\nits ERP support through its proprietary connectivity products, which link\nmajor ERP systems with other packaged and custom vertical market solutions.\nSylogist's software solutions, along with related services are delivered\nthrough its own sales and delivery organization, as well as through OEM\nchannels.\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 conditions, the\nregulatory process and actions, technical issues, new legislation, competitive\nand general economic factors and conditions, the uncertainties resulting from\npotential delays or changes in plans, the occurrence of unexpected events, and\nSylogist's capability to execute and implement its future plans. Actual\nresults may differ materially from those projected by management.\n\n\nAlthough Sylogist believes that the expectations reflected in these\nforward-looking statements are reasonable, undue reliance should not be placed\non them because Sylogist can giv...