Tuesday, February 21, 2012

SYZ - <span class="simulate_din_font">Sylogist Ltd. increases quarterly dividend by 20% announces results of AGM</span> (CAD 0.03)

Company: Sylogist Ltd
Stock Name: SYZ
Amount: CAD 0.03
Announcement Date: 21/02/2012
Record Date: 27/02/2012

Dividend Detail:


CALGARY, Feb. 21, 2012 /CNW/ - Sylogist Ltd. ("Sylogist" or the "Company") - (TSX-V:SYZ), is pleased to announce, commensurate with increasing cash flow from
operations, a dividend of 3.0 cents per share on Sylogist's Common
Shares, representing a 20% increase over the dividend declared and paid
in the previous quarter. The dividend will be paid on March 15, 2012 to
shareholders of record at the close of business on February 29, 2012
and should be treated as an "eligible dividend" within the meaning of
the Income Tax Act (Canada).

Further, the Company is pleased to announce that at its Annual General
and Special Meeting held on February 16, 2012, the shareholders
re-elected James D. Wilson, Ronald P. Cherkas, C. Fraser Elliott and
David O.C. Elder as directors and appointed Deloitte & Touche LLP as
auditors of the Company. At its meeting following the AGM, the Board
appointed Mr. Elliott (Chair), Mr. Cherkas and Mr. Wilson to the Audit
Committee, and Mr. Cherkas (Chair) and Mr. Elliott to the Compensation
Committee of the Board. Concurrently, the Board, in accordance with
the Corporation's Stock Option Plan, granted an aggregate 308,335
options to purchase common shares of the Company at market to officers
and directors of the Company.

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 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 -

For further information:

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


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