/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED
STATES/
CALGARY, AB, March 4, 2021 /CNW/ - Sylogist Ltd. (TSXV:
SYZ) ("Sylogist" or the "Company"), is pleased to
announce that it has received conditional approval to list its
common shares on The Toronto Stock Exchange (the "TSX") under the
trading symbol "SYZ".
Final approval of the listing is subject to the Company meeting
certain customary conditions of the TSX, including the provision of
final documentation. Upon final approval, Sylogist intends to issue
a news release confirming the date upon which its common shares
will commence trading on the TSX, which is anticipated to occur
prior to the end of this month. At that time, the Company's common
shares will be delisted from the TSXV.
Shareholders of Sylogist are not required to take any action in
connection with its TSX listing, as there will be no change in the
common shares' trading symbol or CUSIP.
Sylogist's President and CEO, Bill
Wood, stated: "Graduating from the TSXV to the TSX is an
important milestone for Sylogist. Over the past few years, the
Company has grown significantly, achieving a scale and maturity
that makes Canada's premier stock
exchange a natural and timely fit. This listing is a furthering of
our commitment to raising Sylogist's profile with institutional and
retail investor communities alike; providing increased exposure to
a broader base of potential shareholders as we accelerate
growth."
About Sylogist
Sylogist is a software company that, through strategic
acquisitions, investments and operations management, provides
comprehensive, mission-critical ERP and CRM solutions, including
fund accounting, case management, grant management and payroll, to
public service organizations. Sylogist's customers include all
levels of government, nonprofit organizations, non-governmental
organizations and educational institutions, as well as public
compliance driven and funded companies. The Company delivers highly
scalable, multi-language, multi-currency software solutions, which
serve the needs of an international clientele.
Full financial statements together with Management's Discussion
and Analysis are available on SEDAR at www.sedar.com
The Company's stock is traded on the TSX Venture Exchange under
the symbol SYZ. Information about Sylogist can be found
at www.sylogist.com.
Forward-looking Statements
Certain statements in this news release may be
forward-looking statements within the meaning of applicable
securities laws and regulations. These statements typically
use words such as expect, believe, estimate, project, anticipate,
plan, may, should, could and would, or the negative of these terms,
variations thereof or similar terminology. Forward-looking
information in this news release includes statements with respect
to the conditional approval for the listing of the Company's shares
on the TSX, for which final approval has not been granted, the
anticipated timing of the listing, the expectation of such listing
raising the Company's profile in the investment community and the
acceleration of the Company's growth. 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 beliefs and plans and
other forward-looking expectations expressed herein 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. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Additional information regarding some of these risks,
uncertainties and other factors may be found under in the
management's discussion and analysis for the three months ended
December 31, 2020, and other
documents available on the Company's profile at
www.sedar.com. Material assumptions and factors that could
cause actual results to differ materially from such forward-looking
information include Sylogist's inability to attract investors
or to realize on its growth initiatives. Although Sylogist
believes that the material assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur.
Sylogist disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
- Neither 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-
SOURCE Sylogist Ltd.
