Fortune Small Business Names Logility One of America’s Fastest-Growing Small Public Companies
ATLANTA (July 23, 2007)
Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that Fortune Small Business has included Logility in its annual listing of the Fastest-Growing Small Public Companies in America, the FSB 100.
The seventh annual listing was compiled by Zacks Investment Research, who ranked public companies with revenues of less that $200 million and a stock price of more than $1, based on their percentage growth in earnings, revenue, and stock performance over the past three years. This is the first year that Logility, ranked at 70, was included in the list of 100 small public companies from across different industry segments.
“It is an honor to receive this recognition by Fortune Small Business and to be included in this prestigious list of the Fastest-Growing Small Public Companies,” said Mike Edenfield, president and CEO, Logility. “Logility has experienced phenomenal growth over the past three years by effectively executing a two-brand strategy with Logility Voyager Solutions™ and Demand Solutions®. As a result we can help drive supply chain improvements for manufacturing and distribution companies ranging in size from small to Fortune 1000 which has contributed to record revenue and operating earnings while expanding our global customer base.”
Logility recently announced financial results for fiscal year 2007 which included $43.8 million in total revenue. For more information, visit
www.logility.com.
About Logility
With more than 1,100 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Bissell, Brown Shoe Company, Huhtamaki UK, McCain Foods, Pernod Ricard, Rand McNally, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit
www.logility.com.
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 effect of competitive products and pricing; 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, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET:
www.logility.com
or E-mail:
asklogility@logility.com | .
