Pinnacle Fund and Red Oak Announce that the United States District Court for the Western District of Texas, Austin Division DENI
August 27 2009 - 1:55PM
PR Newswire (US)
NEW YORK, Aug. 27 /PRNewswire/ -- Pinnacle Fund ("Pinnacle") and
Red Oak Partners ("Red Oak") expressed satisfaction that the United
States District Court for the Western District of Texas, Austin
Division today DENIED the request by Forgent, d/b/a as Asure
Software, Inc. ("ASUR") for a preliminary injunction against Red
Oak, Pinnacle, and other defendants. "We are gratified that the
court has not accepted this attempt to prevent Red Oak and other
shareholders from voting at tomorrow's annual meeting of
shareholders, and we now hope that ASUR will conduct an orderly
meeting and allow its owners to decide the composition of the board
of directors," said David Sandberg. "It is time for a change at
ASUR and we encourage all holders to vote on the BLUE proxy card if
they have not done so." Any holder wishing assistance in voting
should contact MacKenzie Partners, Inc. at 800-322-2885,
212-929-5500 or via email at . Important Information Pinnacle Fund,
LLLP ("Pinnacle") and Red Oak Partners LLC ("Red Oak") filed a
definitive proxy statement with the Securities and Exchange
Commission on July 30, 2009, in connection with the annual meeting
of stockholders of Forgent Networks, Inc. (the "Company") to be
held on August 28, 2009. Stockholders are strongly advised to
carefully read Pinnacle's definitive proxy statement, as it
contains important information. Pinnacle and certain other persons
are deemed participants in the solicitation of proxies from
stockholders in connection with the annual meeting of stockholders.
Information concerning such participants is available in Pinnacle's
definitive proxy statement. Stockholders may obtain, free of
charge, copies of Pinnacle's definitive proxy statement and any
other documents Pinnacle files with or furnishes to the Securities
and Exchange Commission in connection with the annual meeting of
stockholders at http://www.sec.gov/ by selecting "Search" at the
top right and then typing "forgent" into the box asking for the
Company Name, and through the following website:
http://www.ourmaterials.com/pinnaclefund. DATASOURCE: Pinnacle
Fund, LLLP CONTACT: David Sandberg for Pinnacle Fund,
+1-212-614-8952, Web Site: http://www.ourmaterials.com/pinnaclefund
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