TORONTO, Oct. 11 /CNW/ - Sprylogics International Corp. (" TSX Venture:SPY), a provider of intelligence based risk mitigation software and services announced today that together with the Financial Intelligence Unit ("FIU") of the government of St. Vincent and the Grenadines, it will co-host an international conference on combating money laundering and terrorist financing through the use of intelligence based technology solutions.
The conference, "Money Laundering & Terrorism - Exploring Technological Solutions," will be held on the Island of St. Vincent and the Grenadines on November 13-14, 2007 and will be the second of its kind hosted by Sprylogics and the St. Vincent FIU. The previous conference attracted participants from over 10 countries in the region and was launched by The Honorable Judith Jones- Morgan, Attorney General of St. Vincent and the Grenadines, Ms. Sharda Bollers, Director of the St. Vincent FIU and Avi Shachar, President of Sprylogics.
Representatives from the government of St. Vincent and the Grenadines will open this year's conference. Addressing the participants will be internationally recognized experts on anti-money laundering, anti-terrorism and intelligence software including Chief Superintendent (Retired) Ben Soave, a 35 year veteran of the Royal Canadian Mounted Police (RCMP) and an internationally recognized innovator in the field of law enforcement and Mr. Richard Miniter, an internationally recognized expert on terrorism and the author of two New York Times bestselling books, Losing bin Laden and Shadow War. Representatives from Sprylogics will showcase a number of intelligence based technology solutions for combating money laundering and terrorist activity.
Financial Intelligence Units, government and law enforcement agencies from the Eastern Caribbean and regional and international financial institutions will attend the conference. Representatives from the USA and Canada will also attend.
A number of government agencies in the Caribbean including the FIU's of St. Vincent and the Grenadines, St. Lucia, British Virgin Islands and Cayman Islands are already using anti-money laundering solutions developed by SII.
About Sprylogics International Corp.
Sprylogics develops intelligence based analytical solutions and content for enhanced risk analysis and investigative research in the regulatory, law enforcement, government, financial services, investment and private sectors. Our technological solutions enable our users to methodically collect, analyze, discover and report large amounts of raw data and transform that data into analyzed and actionable intelligence. Our content solutions enable our users to identify non-obvious financial risks based on the Social Network Analysis of companies, individuals and other entities.
Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Sprylogics International Inc. (the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Company with securities regulatory authorities to which recipients of this press release are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.
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