Asure Software
(d/b/a of Forgent Networks, Inc.)
108 Wild Basin Road
Austin, Texas 78746
May 22, 2009
Dear Stockholder:
The June 2, 2009
Special Meeting of Stockholders of Asure Software is fast approaching, and, if
you have not had a chance to vote your proxy we encourage you to vote now.
Your Board of Directors
recommends that stockholders vote
for
each of the items on the agenda.
We are in
favor of the going private proposal because:
(1)
The Company currently faces delisting from NASDAQ,
which reduces the benefits of being publically trade while continuing the high
cost of being public which will lengthen the time to profitability.
(2)
The Company will save an estimated $1 Million a
year in costs associated with being public and thus expects to achieve
profitability sooner.
(3)
To preserve share liquidity the company intends to
trade its stock on the Over the Counter Pink Sheet market.
Once private, the company
plans to continue to provide timely information to shareholders regarding the
performance of the business.
Please refer to the proxy
materials that were previously sent to you if you have any questions or require
any additional information.
Your vote is important. To make
sure that your shares are represented at the meeting, please follow the simple
instructions on your proxy card to vote today by telephone, via the internet or
by mail.
Very truly yours,
Richard N. Snyder
Chairman and Chief
Executive Officer
Important
Information
Forgent Networks, Inc.
filed a definitive Proxy Statement with the Securities and Exchange Commission
on April 21, 2009, in connection with Companys Special Meeting of
Stockholders to be held on June 2, 2009.
Stockholders are strongly advised to read the Proxy Statement carefully,
as it contains important information.
The Company and
certain other persons are deemed participants in the solicitation of proxies
from stockholders in connection with the Special Meeting of Stockholders.
Information concerning such participants is available in the Companys Proxy
Statement. Stockholders may obtain, free of charge, copies of the Companys
Proxy Statement and any other documents the Company files with or furnishes to
the Securities and Exchange Commission in connection with the Special Meeting
of Stockholders through the Securities and Exchange Commissions website at
www.sec.gov, through the Companys website at www.asuresoftware.com.
About Asure Software
Headquartered in Austin,
Texas, Asure Software (ASUR), (a d/b/a of Forgent Networks, Inc.),
empowers small to mid-size organizations and divisions of large enterprises to
operate more efficiently, increase worker productivity and reduce costs through
a comprehensive suite of on-demand workforce management software and services.
Asures market-leading suite includes products that optimize workforce time and
attendance tracking, benefits enrollment and tracking, pay stubs and W2
documentation and meeting and event management. With additional offices in
Warwick, Rhode Island, Vancouver, British Columbia, and Mumbai, India, Asure
serves 3,500 customers around the world. For more information, please visit
www.asuresoftware.com.
Statements in this press
release regarding Asures business which are not historical facts are forward-looking
statements that involve risks and uncertainties. Such risks and uncertainties
include those associated with continued listing of the Companys securities on
the NASDAQ Capital Market and those associated with effecting a reverse split
in order to become a privately held company.