LOGILITY PURCHASES 247,189 SHARES UNDER THE AUTHORIZED STOCK REPURCHASE PROGRAM ON JUNE 27, 2005
ATLANTA, GA (June 28, 2005) – Logility, Inc. (NASDAQ: LGTY) today announced that on June 27, 2005 it purchased 247,189 shares under the company’s authorized stock repurchase program, at a per share price of $6.00, for an aggregate of approximately $1.5 million. The shares purchased represented approximately 16% of the shares held by non-affiliates of the Company. After this purchase, American Software, Inc. owns approximately 89% of the outstanding shares of the Company. The Company has approximately 269,000 shares remaining to repurchase under the current Board authorization.
About Logility
With more than 1,100 customers worldwide, Logility is the leading provider of collaborative supply chain planning solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management. Logility customers include Bissell, Huhtamaki UK, Katun Corporation, McCain Foods, Mill’s Pride, 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 Company’s ability to satisfy in a timely manner the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; 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, 2004 and other reports and documents subsequently filed with the Securities and Exchange Commission.
For more information, contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA 30305 (800) 726-2946. (404) 261-4381. FAX: (404) 264-5206 INTERNET:
www.amsoftware.com or E-mail:
askasi@amsoftware.com
Contact Information:
Vince Klinges
Chief Financial Officer
(404) 264-5477
vklinges@amsoftware.com
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