Asure Software Regains Compliance With Nasdaq $1.00 Minimum Bid Rule and Announces Details of Second-Quarter Fiscal Year 2010 Ea
January 21 2010 - 11:41AM
Marketwired
Asure Software (NASDAQ: ASUR) ("the Company"), a leading provider
of workforce management software, announced that on January 20,
2010, the Company received a letter from Nasdaq stating that it has
regained compliance with the minimum $1.00 bid price requirement
under Nasdaq Listing Rule 5550(a)(2).
Furthermore, effective January 21, 2010, the Company began
trading again under the stock symbol ASUR. The Company had been
temporarily trading as ASURD with the suffix character "D" to
designate that the Company had undergone a reverse stock split.
Pat Goepel, the Company's CEO, stated, "We are pleased that
Asure's shareholders' ratification of the 10-for-1 reverse stock
split at December's annual meeting has resulted in Asure retaining
its Nasdaq listing. We believe that our new management team can
continue to grow and improve upon the business as we further our
transformation to a full software as a service business. We look
forward to building upon the success of the Company's first fiscal
quarter and to growth in 2010."
Finally, the Company today announced that it will release the
results of its 2010 second fiscal quarter, ended December 31, 2009
on Wednesday, February 10, 2010. Asure Software has scheduled a
conference call for Wednesday, February 10, 2010 at 11:00 a.m. ET
(10:00 a.m. CT) to discuss its most recent financial results and
outlook. Participating in the call will be Pat Goepel, Chief
Executive Officer.
To take part, please dial 800-299-7089 ten minutes before the
conference call begins, ask for the Asure Software event and use
passcode 16877542. International callers should dial 617-801-9714
and reference the same passcode, 16877542.
Investors, analysts, media and the general public will also have
the opportunity to listen to the conference call in listen-only
mode via the Internet by visiting the investor relations page of
Asure's web site at www.asuresoftware.com. To monitor the live
call, please visit the web site at least 15 minutes early to
register, download and install any necessary audio software. For
those who cannot listen to the live broadcast, an archived replay
will be available shortly after the call on the investor relations
page of the Company's web site at www.asuresoftware.com.
About Asure Software
Headquartered in Austin, Texas, Asure Software (f/k/a 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. Asure's market-leading suite includes products that
optimize workforce time and attendance tracking, benefits
enrollment and tracking, pay stubs and W2 documentation, expense
management, 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.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995:
Statements in this press release regarding Asure's business
which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. Such risks and uncertainties
could cause actual results to differ from those contained in the
forward-looking statements.
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