New SpoozToolz Module to Play Key Role in Symbol Management Process Developed by SFB Market Systems

  
    
  
  
    
      Spooz Technologies, Inc., a wholly owned subsidiary of Spooz, Inc. (Pink 
      Sheets: SPZI) and SFB Market Systems, Inc. (SFB) a privately owned 
      corporation are excited to announce that their new joint venture 
      company, the Symbol Management Clearing Corporation (SMCC), will employ 
      a new SpoozToolz module, “SymbolToolz™”, 
      as a key component of Symbol Manager™ 
      and Symbol Master’s® 
      symbol request, approval and management process.
    
    
      The process enables, 1) exchanges to request and reserve symbols for 
      currently trading instruments or new issues; 2) sell side brokers to 
      request option strikes, spreads and synthetic symbols, and; 3) buy side 
      market participants, such as hedge funds, fund managers, institutions 
      and independent traders, to electronically request symbols from their 
      brokers or clearing providers for any exchange listed instrument, or 
      synthetic spread or basket of listed instruments.
    
    
      “These new developments in no way signal a 
      change in the direction of our company,” 
      stated Paul D. Strickland, Jr., the Spooz CEO. “Our 
      new joint venture simply illustrates the flexibility of SpoozToolz and, 
      in reality, shows how SpoozToolz is applicable to hundreds of 
      transaction processing and messaging revenue streams besides trading.”
    
    
      In addition, the process will allow market participants to view pending 
      symbols on two levels, 1) those pending symbols that are not attached to 
      resting orders; 2) those symbols that show size on the bid or offer side 
      of a trade. This will dramatically assist brokers in developing markets 
      for large customers before new symbols are approved. A diagram of the 
      new SMCC process will be available for viewing today at www.Spooz.com 
      and www.SymbolMaster.com.
    
    
      “The SMCC process is geared to meet the needs 
      of the investment and financial communities to ensure that best 
      execution in trade clearing is achieved more efficiently than ever 
      before. This new process brings an entirely new dimension to the 
      sophisticated trading environments of today and is truly a step forward 
      into the next generation of electronic trading,” 
      said Lee Clifford the new CEO of SMCC.
    
    
      Negotiations between Spooz and SFB are continuing at a highly 
      cooperative level with the next meeting scheduled for Thursday, May 29th 
      in Chicago. According to the terms of the Letter of Intent executed on 
      May 22, definitive agreements for the new private joint venture company 
      are due for completion before July 31, 2008.
    
    
      About Spooz, Inc.
    
    
      Spooz, Inc. is an independent software vendor developing revolutionary 
      trading solutions for active and professional electronic traders. 
      Spooz's suite of technology products provide the most versatile 
      configuration of trading screens, analysis screens and automated trading 
      systems in a fast growth financial marketplace.
    
    
      Spooz is a trading solutions company focused on next generation traders. 
      SpoozToolz™, AlgoServer™, 
      SpoozChartz™, Spooz AutoSpreader™, 
      ToolzKit™ and Spooz CPM™, 
      the Company's flagship products enable any trader to quickly and 
      efficiently bridge the gap between concept and execution. The value of 
      the SpoozToolz platform is that it allows any trader to create trading 
      applications that retain flexibility and customizability, are simple to 
      use, and facilitate bringing trader’s ideas 
      to production before opportunity for profit is lost.
    
    
      About SFB Market Systems, Inc.
    
    
      Founded in 1994, SFB has been the industry expert in options symbology 
      for over 14 years and has provided the options exchanges with both 
      technology solutions and data management services. SFB currently manages 
      all option symbology traded in the U.S. through its proprietary software 
      known as Symbol Manager™ and Symbol 
      Master®. Symbol Manager™ 
      which is used by the options exchanges to manage and generate 
      options series data is integrated with Symbol Master®, 
      also used by the exchanges and market participants as the centralized 
      repository for options symbology and reference data.
    
    
      SFB is dedicated to servicing the financial industry with the management 
      and distribution of the most accurate, reliable and up-to-the-minute 
      symbology information. In addition, SFB works to provide support to the 
      Options Symbology Initiative.
    
    
      Forward Looking Statements 
    
    
      This press release contains statements, which may constitute 
      "forward-looking statements" within the meaning of the Securities Act of 
      1933 and the Securities Exchange Act of 1934, as amended by the Private 
      Securities Litigation Reform Act of Forward-Looking Statements: This 
      news release may contain forward-looking statements as defined by the 
      Private Securities Litigation Reform Act of 1995. These statements 
      present management's expectations, beliefs, plans and objectives 
      regarding future financial performance, and assumptions or judgments 
      concerning such performance. Any discussions contained in this release, 
      except to the extent that they contain historical facts, are 
      forward-looking and accordingly involve estimates, assumptions, 
      judgments and uncertainties. There are a number of factors that could 
      cause actual results or outcomes to differ materially from those 
      addressed in the forward-looking statements.