Spooz Capitalization
CHICAGO, Mar 03, 2006 (BUSINESS WIRE) -- Spooz, Inc. (OTC: SPZI) Today Spooz announced that, based upon consultation with its financial advisors, it has revised the method certain anti-dilution language and calculations were previously applied to shareholders who enjoyed anti-dilution protection. The revised capitalization table appears below:
As of March 1, 2006 (unaudited)
Restricted Common Stock(a) 126,740,873
Free Trading Common Stock(b) 122,107,694
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Outstanding Common Stock 248,848,567
Incentive Stock Options 139,836,116
Warrants 1,294,663
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Total Common Share Equivalents (Fully Diluted) 389,979,345
(a) Restricted stock requires a one year holding period in order for
it to be sold under Rule 144 and were issued as follows:
Restricted common shares issued on May 18, 2004 5,310,746
Restricted common shares issued on August 18, 2005 70,187,586
Restricted common shares issued on various dates
for exercises of Incentive Stock Options 40,564,713
Restricted common shares issued on various dates
for exercises of Warrants 106,828
Restricted common shares issued on various dates
for services 6,271,000
Restricted common shares issued on various dates
for private sales 4,300,000
(b) Issued pursuant to a Regulation D 504 offering with jurisdiction
in Texas.
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. SpoozToolz(TM) and its modules, the Company's flagship products, add built-in trading capabilities to the popular Microsoft(R) Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.
SOURCE: Spooz, Inc.
CONTACT: Spooz, Inc. Paul D. Strickland, Jr., 312-379-3166 www.info@spooz.com www.spooz.com or Scanlon Corporate Communications Lonny White, 312-372-4400 Fax: 312-372-4401 lonny@scanloncc.com
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