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Press release from CNW Group

Sylogist signs multi-million dollar customer contracts

Tuesday, December 11, 2012

Sylogist signs multi-million dollar customer contracts10:34 EST Tuesday, December 11, 2012/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./CALGARY, Dec. 11, 2012 /CNW/ - Sylogist Ltd. ("Sylogist" or the "Company") - (TSX-V: SYZ), is pleased to announce the signing of multi-year commitments by several independent school divisions, including some of the largest divisions, in the Province of Alberta.  These school divisions have committed to the use of Sylogist's fully integrated ERP systems, complete with specialized functions and features supporting unique and complex education payroll environments, running both in the cloud and on in-house platforms. These commitments represent several millions of fee revenue to Sylogist over the next number of years."Our customers recognize and highly value our solutions, which are critical to the efficient, long term operation of their school board businesses.  Further, they appreciate we are the only provider in this marketplace that combines excellence in product support, a fully integrated product suite capable of handling their unique needs, in a hosted or in-house environment of their choosing.  Sylogist has built a strong business capable of ongoing investment and support, which sets us apart. We appreciate our customers' endorsement" stated Jim Wilson, President and CEO.About SylogistSylogist is a technology innovation and licensing company which, through strategic acquisitions, investments and operations management, provides intellectual property solutions to a wide range of public and private sector customers. The Company's stock is traded on the TSX Venture Exchange under the symbol "SYZ".Forward-looking StatementsThis news release contains forward-looking statements relating to the future operations and profitability of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sylogist. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statementscontained in this news release are made as of the date of this news release, and Sylogist does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.- 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-SOURCE: Sylogist Ltd.For further information: Jim Wilson, President and CEO Sylogist Ltd. (403) 266-4808 http://www.sylogist.com