Spooz, Inc. to File Form 10

  
    
  
  
    
      Spooz, Inc. (Pink Sheets: SPZI) is pleased to announce commencing 
      preparation of a Form 10 to file with the Securities and Exchange 
      Commission. The filing is intended to transition the Company to become a “fully-reporting” 
      company pursuant to the Securities Exchange Act of 1934, as amended. 
      Becoming a “fully-reporting” 
      company is a pre-requisite for the Company to trade its shares on the 
      Over-the-Counter Bulletin Board (OTCBB) along with the filing of an 
      Information Statement by a market maker with the Financial Industry 
      Regulatory Authority.
    
    
      Pursuant to these rules, once we are a “fully-reporting” 
      company, Spooz will be required to regularly issue Form 10-Q quarterly 
      reports, Form 10K annual reports, Form 8-K corporate development 
      reports, and otherwise comply with all listing and disclosure 
      requirements of the U.S. securities laws.
    
    
      "We have completed our audited financials in a first step to uplist to 
      the OTCBB and we are ready to take the next step,” 
      stated Paul D. Strickland Jr., CEO of Spooz, Inc. “Although 
      we cannot provide any assurances as to the timing of the Form 10 filing, 
      or the subsequent listing on the OTCBB, we believe that uplisting to the 
      OTCBB enables us to better market our product lines and expand our 
      distribution channels. This event is essential to increase shareholder 
      value. Our goal is to position the Company in a manner that will make us 
      an attractive investment for both our business partners and 
      shareholders. The Bulletin Board is the first step as we execute our 
      business plan to bring real value to all our shareholders."
    
    
      Additionally, Spooz is pleased to announce a date to hold our annual 
      shareholder’s meeting. The meeting will take 
      place on Thursday, June 12, 2008 at 4:00 PM CDT. The place of the 
      meeting will be the Spooz corporate offices at 29 South LaSalle Street 
      in Suite 1250, Chicago, Illinois 60603.
    
    
      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 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.
    
    
      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.