Slyce Inc. announced that, during recent months, the board of directors has been actively engaged in assessing possible options for recapitalizing the company to overcome the financial challenges faced by Slyce. A Special Committee comprised of Dale Johnson (Chairman), Travis Reid (Independent Director) and Swapan Kakamanu (Chief Financial Officer) has been formed to review and assess strategic options, and to recommend to the board of directors an approach that is in the best interests of the Company and its shareholders.