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CALGARY, Nov. 1 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture Exchange) Sylogist announces that it filed a Statement of Defence and Counterclaim in the action commenced by Ken and Norine McDonald, referenced in its September 12, 2007 press release. Sylogist asserts that the plaintiff's claims are entirely without merit and has counterclaimed for $4.2 million for breaches of various representations and warranties made in the sale agreement by the plaintiffs.
Sylogist's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found at http://www.sylogist.com.
The TSX-Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release