Spooz Applauds SEC Indictments of Penny Stock Spammers

  
    
  
  
    
      Spooz, Inc. (OTC:SPZI) applauds the actions of the SEC, Texas Attorney 
      General and the Harris County District Attorney’s 
      office for indictments of fraudulent email spammers to whom Spooz had 
      fallen prey in 2005. As part of the company’s 
      financing in 2005, recently indicted Darrel Uselton acquired free 
      trading shares of Spooz, Inc. and launched a spam email campaign to pump 
      the stock. The spam email campaign was perpetrated without the knowledge 
      or consent of Spooz, Inc.
    
    
      “Spooz does not participate in nor condone 
      spam email for any purpose,” stated Darryl 
      Dennis, CMO of Spooz. “We are happy to see 
      that the SEC is addressing this type of fraudulent activity perpetrated 
      against small public companies and their investors. We are glad to know 
      the Useltons won’t be harming other 
      unsuspecting companies and their investors.”
    
    
      As part of the investigation into the Uselton spam campaign in July 
      2006, the SEC subpoenaed documentation from affected companies, 
      including Spooz. Spooz notified both the SEC and the Department of 
      Justice when Spooz learned of the spam campaign and provided complete 
      and thorough documentation of the incident to the SEC including 
      communications from Spooz to Darryl Uselton demanding that he 
      immediately cease and desist from any and all email investor campaigns 
      if, in fact, he was involved in such activities.
    
    
      “During our history we have been approached by 
      dozens of Investor Relations firms inviting us to participate in email 
      campaigns,” said Paul Strickland, Spooz, Inc.’s 
      CEO. “Due to established policy, we have 
      steadfastly resisted such tactics because we believe them to be 
      unprofessional, damaging and manipulative. Spooz adopts policies that 
      generally only exist in far larger public companies because that is 
      where we are headed. Spooz will never compromise its principals and 
      professionalism to artificially increase its share price.”
    
    
      After four years in development, Spooz is preparing to launch its 
      flag-ship financial software SpoozToolz to a growing list of waiting 
      customers. The company has had no further contact with the SEC regarding 
      the Uselton matter and does not anticipate any further effect on Spooz 
      moving forward with its transition to sales of its products.
    
    
      About Spooz, Inc.
    
    
      Spooz, Inc., (OTC:SPZI) (www.Spooz.com) 
      a publicly traded company based in Chicago, provides a suite of trading 
      solutions designed to simplify financial analysis and order-entry for 
      professional and active traders. Its flagship middleware product, 
      SpoozToolz™ and its modules, add built-in 
      trading capabilities to the popular Microsoft® 
      Excel® software application, combining a 
      customizable interface, streaming quotes, charts, technical analysis, 
      back testing, and electronic trade execution into a simple add-in that 
      becomes part of the Excel tool bar.