/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
CALGARY, AB, Aug. 6, 2020 /CNW/ - Sylogist Ltd. (TSXV:
SYZ) ("Sylogist" or the "Company"), is pleased to announce that
it has entered into a contract with the State of Iowa Department of
Justice, specifically its Crime Victim Assistance Division
("Iowa"), to implement and fully support its SAVIN 360 victim
notification solution. The contract has a total value of
approximately $2.6M CAD, expiring in
June 2024, and may be extended for up
to two additional three-year terms at Iowa's option.
Information Strategies Inc. ("InfoStrat"), which Sylogist
acquired in April 2020, has developed
the SAVIN 360 solution as a modern and extensible system for victim
services, to help correction agencies manage contacts and alerts
when offenders are to be transferred or released. SAVIN is built on
the proven Microsoft Dynamics 365 and SharePoint platforms, which
provide flexibility, scalability, integration capabilities, and
powerful workflow features.
Jim Wilson, President and CEO of
Sylogist commented, "This is a significant achievement for
Sylogist. Our SAVIN solution is now contracted or installed with
five US state governments and poised to grow further. We are
pleased with this demonstration of our organic growth capabilities,
and with InfoStrat's contribution to our performance since its
recent acquisition."
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 public service customers
include all levels of government, nonprofit organizations,
non-governmental organizations, educational institutions as well as
public compliance driven and funded companies. Our Company delivers
highly scalable, multi-language, multi-currency software solutions,
which serve the needs of an international clientele.
The Company's stock is traded on the TSX Venture Exchange under
the symbol SYZ. Information about Sylogist can be found at
http://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
statements in this press release include the total value of the
Iowa contract to be performed
through June 2024 and that the
SAVIN solution is now contracted or installed with five US state
governments and poised to grow further. 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. Material
assumptions and factors that could cause actual results to differ
materially from such forward-looking information include the
Company's ability to perform under its contract with Iowa and SAVIN's growth prospects. 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.
