- New TSXV Trading Symbol and Corporate Name Change
- Two New Directors join the Board
TORONTO, Oct. 10 /CNW/ - Sprylogics International Corp. (TSX Venture:SPY)
formerly Rockies Financial Corporation (TSX Venture:RKI), announced today that
pursuant to the Company's shareholders approving a name change and trading
symbol change at the Company's Annual General And Special Meeting on
September 19, 2007, the Company is now trading as Sprylogics International
Corp. (TSX Venture: SPY).
Sprylogics International Corp. 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.
The company also wishes to announce the appointment of two independent
members to its Board of Directors.
Mr. Michael Kron is a Chartered Accountant who developed his public
accountancy skills at Ernst & Young LLP. In 1996, Mr. Kron co-founded Miazzi
Ventures Inc., a technology incubator for early stage investments. While
serving as CEO of Miazzi through 2004, Mr. Kron raised over $20 million in
equity financing. Mr. Kron co-founded and assumed the role of CFO of a leading
internet metasearch engine, and sold it to Intasys Corporation at a valuation
of $44 million. Mr. Kron is currently the CEO of PhonePages Inc., an internet
yellow pages publisher. Mr. Kron sat on the boards of two public companies,
A.G. Media Group (Pink Sheets) and Grand Toys (NASDAQ) and sits on several
private company boards. In 2000, Mr. Kron received the Entrepreneur of the
Year Award from the PME Fund of Montreal in recognition of his success as an
incubator of start-up companies. Mr. Kron will chair the audit committee.
Mr. Ben Soave is an internationally recognized innovator in the field of
law enforcement. Mr. Soave relies on his 35 years of experience at the Royal
Canadian Mounted Police (RCMP) to help corporations, law firms, and high
net-worth individuals to effectively resolve issues. Mr. Soave retired in 2005
with rank of Chief Superintendent and has been decorated by the Canadian and
foreign governments for his achievements against organized crime and
terrorism. Mr. Soave is highly regarded for his strategic vision and his
tactical ability to dynamically coordinate complex international
Mr. Soave joined the RCMP in 1970 and spent more than 15 years in foreign
service (from 1979 to 1996) acting as the RCMP Liaison Officer and Attaché at
Canadian Missions in Singapore, Lima, and Rome, with responsibilities for
high-risk regions in South East Asia, South America, Europe and the Middle
In 1996 he returned to Canada and assumed command of the Combined Forces
Special Enforcement (CFSEU) in Toronto, an elite law enforcement unit that
targets the highest levels of international organized crime. From 2001 until
his retirement in 2005, Ben was also responsible for the Toronto based
Integrated National Security Enforcement Team (INSET) created in the aftermath
of 9-11, to disrupt, expose, and conduct criminal extremist investigations to
ultimately prevent terrorist attacks.
Mr. Soave is recognized, both domestically and internationally, as an
expert, regarding the threat posed by organized crime and criminal extremism.
He is a past member of the Executive Advisory Committee for the Association of
Certified Forensic Investigators; a member of the Canadian Institute of
Chartered Accountants (CICA) Anti-Money Laundering Advisory Committee; member
of the Ontario Association of Chiefs of Police (OACP); a Director and
Treasurer of the Universal Youth Foundation, a registered not-for-profit
organization which provides educational assistance to children in Africa and
developing countries; a Director of the Villa Vaughan long term care facility
for seniors, also a registered not-for-profit organization, and is the
President of the Soave Strategy Group (SSG) founded in 2005.
Concurrently, Mr. Nathan Jacobson has resigned from the board.
In addition, the Company has issued 1,155,000 share purchase options to
officers, employees and consultants of the Company, with and exercise price of
$0.20 and an expiry of October 10, 2012.
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
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Michael Frank, CEO, Sprylogics International
Corp., (416) 221-5119, or firstname.lastname@example.org