Sylogist Ltd.

Sylogist Ltd.

July 02, 2014 20:48 ET

Sylogist Hires Brian Grassby as CFO, Issues Options

CALGARY, ALBERTA--(Marketwired - July 2, 2014) -


Sylogist Ltd. (TSX VENTURE:SYZ) ("Sylogist" or "the Company") is very pleased to announce that Mr. Brian Grassby, CA, has joined the Company as Vice President, Finance and Chief Financial Officer effective July 1, 2014. Following the start of his career at Coopers and Lybrand, Brian moved into the technology industry with CAE Electronics Ltd. and was most recently with Canadian Pacific Railway where, during a period of dynamic change, he rose to the position of Senior Vice President and Chief Financial Officer.

"Sylogist has grown dramatically over the last 12 months, with the acquisitions of Epic Data and Weave Corp, and is poised to grow again with the recently announced transaction to acquire the operating businesses of Serenic Corp. To support our growth plans we welcome the depth Brian adds to our executive team and are extremely fortunate to have attracted someone of Brian's background and qualifications", stated Jim Wilson, Sylogist's President and CEO. Brian's first day in the office is expected to be September 1, 2014.

The directors of Sylogist have granted directors, officers and employees of the Corporation an aggregate of 2,003,350 options to purchase common shares at the current market price in accordance with the Corporation's Stock Option Plan.

About Sylogist

Sylogist is a technology innovation company which, through strategic acquisitions, investments and operations management, provides enterprise application software to public and private sector customers.

The Company's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found on SEDAR and at

Forward-looking Statements

In this document and in other documents filed with Canadian regulatory authorities or in other communications, Sylogist may from time to time make written or oral forward-looking statements within the meaning of applicable securities legislation, including statements regarding Sylogist's business plans and financial objectives. These statements typically use words such as prospects, believe, estimate, forecast, project, expect, anticipate, plan, may, should, could and would, or the negative of these terms, variations thereof or similar terminology. By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both general and specific in nature. It is therefore possible that the forecasts, projections and other forward-looking statements will not be achieved or will prove inaccurate. Although Sylogist believes that the expectations reflected in these forward-looking statements are reasonable, it provides no assurance that these expectations will prove to have been correct. Sylogist cautions readers against placing undue reliance on forward-looking statements when making decisions, as the actual results could differ considerably from the opinions, plans, objectives, expectations, forecasts, estimates and intentions expressed in such forward-looking statements due to various material factors. Among other things, these factors include fiscal and economic policies, changes in interest and foreign exchange rates, and general economic conditions, legislative and regulatory developments, competition and access to capital. Sylogist further cautions that the foregoing list of factors is not exhaustive. For more information on the risks, uncertainties and assumptions that would cause Sylogist's actual results to differ from current expectations, please also refer to Sylogist's public filings available at Sylogist does not undertake to update any forward-looking statements, whether oral or written, made by itself or on its behalf, except to the extent required by securities regulations.

- Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release -

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