SPZI Spooz Inc (PK)

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.