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CALGARY, Nov. 14, 2012 /CNW/ - Sylogist Ltd. ("Sylogist" or the "Company") - (TSX-V:SYZ), is pleased to announce it has declared an increased quarterly dividend
of 4.0 cents per share on Sylogist's Common Shares, which will be
treated as an eligible dividend within the meaning of Income Tax Act (Canada). The dividend will be paid on December 14, 2012 to shareholders
of record at the close of business on November 30, 2012.
"Sylogist Is pleased to increase its quarterly dividend to $0.04, from
$0.035 in the previous quarter, consistent with our historical practice
of paying out over the year less than one-half of our expected annual
operating cash flow" stated Jim Wilson, President and CEO. "Going
forward, cash flow, excluding the impact of acquisitions, is
anticipated to increase by at least 50% over the prior fiscal year" Mr.
Sylogist 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".
This 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 statements
contained 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.