Integral Systems Announces Conclusion of NASDAQ Inquiry
August 13 2009 - 8:30AM
PR Newswire (US)
COLUMBIA, Md., Aug. 13 /PRNewswire-FirstCall/ -- Integral Systems,
Inc., (NASDAQ:ISYS) today announced that it has received
notification from the NASDAQ Stock Market that its previously
disclosed inquiry into the company and its former management has
been closed. This announcement comes two weeks after Integral
Systems announced that it reached a final settlement with the
Securities and Exchange Commission ("SEC"), as more fully described
in the Company's 2008 Form 10-K and other periodic filings. With
today's announcement, Integral Systems has effectively concluded
all outstanding matters related to the SEC's investigation of the
Company. Under the SEC settlement, the Company was not required to
pay a monetary penalty. "For nearly three years, Integral Systems
has worked closely, and in cooperation with, officials at the SEC
and NASDAQ to bring these matters to a close," said Paul G. Casner,
interim Chief Executive Officer and President of Integral Systems.
"With these matters now resolved, our energy and focus is on
driving growth and profitability throughout our entire business."
About Integral Systems Integral Systems, Inc., headquartered in
Columbia, MD, applies more than 25 years experience to provide
integrated technology solutions for SATCOM-interfaced networks.
Customers have relied on the Integral Systems family of companies
(Integral Systems, Inc., Integral Systems Europe, Lumistar, Inc.,
Newpoint Technologies, Inc., RT Logic, and SAT Corporation) to
deliver on time and on budget for more than 250 satellite missions.
Our dedication to customer service has solidified long-term
relationships with the US Air Force, NASA, NOAA, and nearly every
satellite operator in the world. Integral Systems is listed in
Forbes' Top 200 Small Companies in America for 2008. For more
information, visit http://www.integ.com/. Company Contact: Kathryn
Herr Vice President, Marketing and Communications Integral Systems,
Inc. Phone: 443.539.5118 Media Contact: Michael Glickman Zeno Group
for Integral Systems Phone: 212.299.8994 DATASOURCE: Integral
Systems, Inc. CONTACT: Kathryn Herr, Vice President, Marketing and
Communications of Integral Systems, Inc., +1-443-539-5118, ; or
Media: Michael Glickman of Zeno Group for Integral Systems,
+1-212-299-8994, Web Site: http://www.integ.com/
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