Sylogist Announces First Quarter Results for Fiscal 2007



    /THIS PRESS RELEASE IS NOT FOR DISSEMINATION TO UNITED STATES NEWS
    SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    CALGARY, March 1 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture Exchange)
("Sylogist" or the "Company") today released its unaudited financial results
for the 3 month period ending December 31, 2006.
    Financial highlights for the first 3 months of Fiscal 2007:

    
    -   Revenue of $2.3 million
    -   Year-over-year revenue growth of 42%
    -   Gross margin of 48%
    -   Net cash and short-term investments of $6.0 million
    -   Loss of $447 thousand including $406 thousand charged on cessation of
        the Munishare contract which concludes the costs charged on this
        contract.
    

    Revenue for the 3 month period ending December 31, 2006 was $2.3 million
compared to $1.6 million for the same period last year. Fiscal Q1 revenue
increased as a result of acquisitions and growth in our ERP business segment.
Year-over-year profit before tax fell from $447 thousand ($0.03 per share) to
a loss of $447 thousand (0.03 per share). The change in profitability resulted
from the loss recorded on the Munishare contract, and increases in
depreciation and amortization expenses as a result of acquisitions, stock
compensation expenses, professional services costs, and labour costs in
Alberta.
    Full financial statements together with Management's Discussion and
Analysis are available on SEDAR or at www.sylogist.com.

    About Sylogist
    --------------

    Sylogist delivers information management and technology solutions to
government and industry clients. The Company's solutions are designed to
improve productivity for both conventional computers, Web-based and mobile
system users. Sylogist's software solutions, along with related services are
delivered to a global base through its own sales and delivery organization, as
well as through OEM channels. The Company provides implementation services for
enterprise software under a traditional software and support model as well as
software as a service model. Sylogist enhances its ERP support through its
proprietary connectivity products, which link major ERP systems with other
packaged and custom vertical market solutions.
    The Company's stock is traded on the TSX Venture Exchange under the
symbol SYZ. Information about Sylogist can be found at
http://www.sylogist.com.





For further information:

For further information: Sylogist Ltd., Attention: Jim Wilson, CEO,
Phone: (403) 266-4808

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Sylogist Ltd.

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