American Software Trading Symbol to Be Reinstated
October 24 2005 - 11:55AM
PR Newswire (US)
ATLANTA, Oct. 24 /PRNewswire-FirstCall/ -- American Software, Inc.
(NASDAQ:AMSAE) announced that on October 21, 2005 it received from
the staff of The Nasdaq Stock Market a notice stating that the
Company has complied with the conditions of the Nasdaq Listing
Qualifications Panel and is therefore in compliance with Nasdaq's
requirements for the continued listing of the Company's securities
on The Nasdaq Stock Market. Effective October 25, 2005 the "E" will
be removed from the trading symbol for the Class A Common Stock of
the Company, and its shares will resume trading under the symbol
(NASDAQ:AMSWA.) This notice followed the Company's filing with the
Securities and Exchange Commission, on or before October 14, 2005,
of the following periodic reports: Amended Quarterly Report on Form
10-Q for the fiscal quarter ended January 31, 2005, Annual Report
on Form 10-K for the fiscal year ended April 30, 2005 and Quarterly
Report on Form 10-Q for the fiscal quarter ended July 31, 2005.
About American Software, Inc. Headquartered in Atlanta, American
Software develops, markets and supports one of the industry's most
comprehensive offerings of integrated business applications,
including supply chain management, Internet commerce, financial,
warehouse management and manufacturing packages. e-Intelliprise(TM)
is an ERP/supply chain management suite, which leverages Internet
connectivity and includes multiple manufacturing methodologies.
American Software owns 89% of Logility, Inc. (NASDAQ:LGTY), a
leading provider of collaborative supply chain solutions that help
small, medium, large and Fortune 1000 companies realize substantial
bottom-line results in record time. Logility is proud to serve such
customers as Avery Dennison Corporation, Bissell, Huhtamaki UK,
Hyundai Motor America, Leviton Manufacturing Company, McCain Foods,
Pernod- Ricard, Sigma Aldrich and Under Armour Performance Apparel.
New Generation Computing Inc. (NGC), a wholly owned subsidiary of
American Software, is a global software company that has 25 years
of experience developing and marketing business applications for
apparel manufacturers, brand managers, retailers and importers.
Headquartered in Miami, NGC's worldwide customers include Dick's
Sporting Goods, Wilsons Leather, Kellwood, Hugo Boss, Russell
Corp., Ralph Lauren Childrenswear, Haggar Clothing Company,
Maidenform, William Carter and VF Corporation. For more information
on the Company, contact: American Software, 470 East Paces Ferry
Rd., Atlanta, GA 30305; (800) 726-2946 or (404) 261-4381. FAX:
(404) 264-5206. INTERNET: http://www.amsoftware.com/ or E-mail:
Forward-Looking Statements This press release contains
forward-looking statements that are subject to substantial risks
and uncertainties. There are a number of factors that could cause
actual results to differ materially from those anticipated by
statements made herein. These factors include, but are not limited
to, changes in general economic conditions, technology and the
market for the Company's products and services, including economic
conditions within the e-commerce markets; the timely availability
and market acceptance of these products and services; the
challenges and risks associated with integration of acquired
product lines and companies; the effect of competitive products and
pricing; the Company's ability to satisfy in a timely manner the
requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and
the rules and regulations adopted under that Section; the
uncertainty of the viability and effectiveness of strategic
alliances; and the irregular pattern of the Company's revenues. For
further information about risks the Company could experience as
well as other information, please refer to the Company's Form 10-K
for the year ended April 30, 2005 and other reports and documents
subsequently filed with the Securities and Exchange Commission. For
more information, contact: Vincent C. Klinges, Chief Financial
Officer, American Software, Inc., (404) 264-5477 or fax: (404)
237-8868. e-Intelliprise is a trademark of American Software,
Logility is a registered trademark and Logility Voyager Solutions
is a trademark of Logility, and REDHORSE is a trademark of New
Generation Computing. Other products mentioned in this document are
registered, trademarked or service marked by their respective
owners. DATASOURCE: American Software, Inc. CONTACT: Vincent C.
Klinges, Chief Financial Officer of American Software, Inc.,
+1-404-264-5477 Web site: http://www.amsoftware.com/
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