Symbol Management Clearing Corporation (SMCC) to Unveil SymbologyDNA(TM) Methodology

  
    
  
  
    
      Symbol Management Clearing Corporation (SMCC) is pleased to announce the 
      unveiling of the SymbologyDNA™ methodology for 
      use as the standardized link to the Options Symbology Initiative (OSI). 
      On June 11, 2008, SMCC will present and recommend to the Financial 
      Information Forum (FIF) and to the financial industry its recommendation 
      to adopt SymbologyDNA™ methodology and 
      processes to ensure standardization, consistency and accuracy to global 
      symbology management throughout all financial systems.
    
    
      Currently, the entire financial industry is being asked to modify their 
      systems for OSI compliancy to handle a 21 character option symbol from 
      the Options Clearing Corporation (OCC), and a 17 character option symbol 
      from the Option Price Reporting Authority (OPRA). The proposed OSI 
      methodology will undoubtedly carry a multi-billion dollar price tag for 
      the industry to bear, similar to that of Y2K, and will impact systems 
      end-to-end posing enormous risk to all financial environments.
    
    
      SMCC’s CEO, Lee Clifford says “We 
      have carefully listened to industry representatives and are uniquely 
      positioned to offer this solution. We believe we have met all of the 
      objectives of the OSI plan in addition to adding new depth for the 
      industry. The goal of standardized naming conventions for options series 
      data and the derivatives industry is now achievable through SymbologyDNA™.”
    
    
      SymbologyDNA™ will be used as an enhancement 
      to the OSI. It will allow financial firms to translate 5 or 9 character 
      symbology representations into the new 17 or 21 character symbology 
      formats and vice versa. In fact, with the SymbologyDNA™ 
      process in place, the financial industry will be in a position to 
      benefit from the next generation of electronic trade clearing systems 
      for the ever expanding derivatives industry.
    
    
      “It is clear that the industry desires an 
      approach to receiving accurate and efficient information with minimal 
      impact to their internal systems,” stated 
      Paul Strickland, CEO of Spooz. “We intend to 
      deliver the technology to deploy SymbologyDNA™ 
      in such a way as to save the industry billions.”
    
    
      About SMCC (Symbol Management Clearing Corporation)
    
    
      SMCC is a joint venture company of Spooz Technologies, Inc., a wholly 
      owned subsidiary of Spooz, Inc. (Pink Sheets: SPZI) 
      and SFB Market Systems, Inc., a privately owned corporation. The goal of 
      the SMCC is to incorporate the advanced technologies provided by Spooz 
      into the expansion of SFB’s products and 
      services known as Symbol Manager™ and Symbol 
      Master® for the purpose of regulating 
      global symbology management.
    
    
      SMCC will provide brokers, exchanges, and clearing firms with a flexible 
      and robust platform from which to reserve and request new symbols for 
      listed trading products. This will also allow for the creation of 
      synthetic products to which new symbols may be assigned, such as 
      spreads, baskets, and combinations. The new electronic system will 
      replace the antiquated manual processes and is expected to save the 
      exchanges and the industry millions of dollars.
    
    
      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.