Spooz Completes Restructuring of Its Business and Licenses SpoozToolz to KaiTrade LLC

CHICAGO, Oct. 10  /PRNewswire-FirstCall/ -- Spooz, Inc., (Pink Sheets: SPZI) announced today that in order to meet today's economic conditions it had moved its offices and restructured its business to reduce costs. Paul Strickland, Chief Executive Officer, announced that the Company had combined quarters with 141 Capital in at 29 South LaSalle Street Suite 333. The company has also reduced its staff and has transferred its telephone and other services. He also announced that the Company has licensed the distribution and support for SpoozToolz to KaiTrade LLC on a non-exclusive basis, revenue sharing basis. That company is run by John Unwin, former Chief Technology Officer of Spooz. Under the agreement, Spooz will retain all of the product and intellectual property rights. Mr. Strickland added, "By taking these steps, Spooz is endeavoring to meet today's challenges and enhance stockholder value."

John Unwin commented, "This is an exciting partnership that combines the strengths of KaiTrade and Spooz and presenting new opportunities for significant revenue and value growth." KaiTrade's first priority will be to install SpoozToolz at Spooz's first major customer. Within one year that customer could generate sales of up to 1,200 installations of SpoozToolz at a contracted price of $ 400 per month per installation.

About Spooz

Spooz, Inc. (OTCPK: SPZI) 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(TM) and AlgoServer(TM) 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 it that it allows any trader to create trading applications that retain flexibility and customizability, are simple to use, and that facilitate bringing the traders ideas to production before opportunity for profit is lost.

About KaiTrade LLC

KaiTrade delivers better ways of trading. Tapping into its wealth of trading product knowledge and technical capabilities, KaiTrade offers advanced tools for traders to use alongside their existing systems.

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. 

DATASOURCE: Spooz, Inc.



CONTACT:  Paul Strickland of Spooz, Inc., [phone]; or John Unwin

of KaiTrade LLC, [phone], 



Web site:  http://www.spooz.com/

http://www.spooztoolz.com/

http://www.kaitrade.com/ 

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