Sylogist Ltd. - News Release


    CALGARY, June 29 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture Exchange)
Sylogist today announced the voluntary cancellation of 250,003 stock options
which had previously been granted to management, employees and members of its
board, which are currently unvested and out-of-the-money. No new grants of
options have been made at this time. While the company's existing stock option
plan remains in place, the compensation committee of the board is currently
considering various incentive arrangements for its staff and other personnel.

    About Sylogist

    Sylogist delivers information management and technology solutions to
local government, education and private sector clients. 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.
Sylogist's software solutions, along with related services are delivered
through its own sales and delivery organization, as well as through OEM
    The Company's stock is traded on the TSX Venture Exchange under the
symbol SYZ. Information about Sylogist can be found at

    Forward-looking statements: This press release contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
Sylogist's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management.
    Although Sylogist believes that the expectations reflected in these
forward-looking statements are reasonable, undue reliance should not be placed
on them because Sylogist can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The forward-looking statements contained in this press release
are made as of the date hereof and Sylogist undertakes no obligation to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.

    -The TSX-Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release -

For further information:

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

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890