American Software Trading Symbol to Be Reinstated
ATLANTA (October 24, 2005) – American Software, Inc. (NASDAQ: AMSAE) announced that on October 21, 2005 it received from the staff of The Nasdaq Stock Market a notice stating that the Company has complied with the conditions of the Nasdaq Listing Qualifications Panel and is therefore in compliance with Nasdaq’s requirements for the continued listing of the Company’s securities on The Nasdaq Stock Market. Effective October 25, 2005 the “E” will be removed from the trading symbol for the Class A Common Stock of the Company, and its shares will resume trading under the symbol AMSWA. This notice followed the Company’s filing with the Securities and Exchange Commission, on or before October 14, 2005, of the following periodic reports: Amended Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2005, Annual Report on Form 10-K for the fiscal year ended April 30, 2005 and Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2005.
About American Software, Inc.
Headquartered in Atlanta, American Software develops, markets and supports one of the industry’s most comprehensive offering of integrated business applications, including enterprise-wide, supply chain management, Internet commerce, financial, warehouse management and manufacturing packages. e-Intelliprise™ is a total ERP/supply chain management suite, which leverages Internet connectivity and includes multiple manufacturing methodologies, full global capability and integrated data marts. American Software owns 86% of Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative supply chain planning solutions via the Internet. New Generation Computing, Inc. (NGC), a wholly-owned subsidiary of American Software, is a global software company that has 25 years of experience developing and marketing business applications for apparel manufacturers, brand managers, retailers, importers and other businesses in the sewn-products industry. www.amsoftware.com or E-mail: askasi@amsoftware.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