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Sylogist Ltd. increases quarterly dividend

Wednesday, November 14, 2012 1:38 PM


/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

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. Wilson concluded.

About Sylogist

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".

Forward-looking Statements

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.

Jim Wilson, President and CEO
Sylogist Ltd.
(403) 266-4808

http://www.sylogist.com

(Source: CNW )
(Source: Quotemedia)

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