Geac Mails Annual Report and Proxy Circular to Shareholders for September 13 Annual Meeting
17 August 2005 - 2:24AM
PR Newswire (US)
MARKHAM, ON and SOUTHBOROUGH, MA, Aug. 16 /PRNewswire-FirstCall/ --
Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC), a
global enterprise software company, today mailed its fiscal 2005
Annual Report and Management Proxy Circular for the Annual Meeting
of Shareholders. The meeting will be held on Tuesday, September 13,
2005, at 10:00 a.m. EDT at The Design Exchange, Trading Floor, 234
Bay Street, Toronto-Dominion Centre, Toronto, Ontario, Canada.
Shareholders of record as of July 15, 2005, are eligible to vote at
the meeting. The 2005 Annual Report details financial performance
in the fiscal year ended April 30, 2005, including a year-over-year
increase in net earnings of 34.7%, an increase in EBITDA margin to
22.5%, and an increase in cash and short-term investments of 67.3%.
The proxy circular provides the details of the matters to be voted
on by Geac shareholders, including the election of directors and
the reappointment of the company's auditors. The proxy circular and
annual report, including audited financial statements, are
available in the Investors section of the company's website at
http://www.geac.com/ and through the SEDAR website at
http://www.sedar.com/ and the U.S. Securities and Exchange
Commission website at http://www.sec.gov/. About Geac Geac is a
leading global provider of software and services for businesses and
governmental bodies providing customers with financial and
operational technology solutions to optimize their financial value
chain. Further information is available at http://www.geac.com/ or
through email at . Geac trades on the Toronto Stock Exchange under
the symbol "GAC" and on the NASDAQ National Market under the symbol
"GEAC" and had 86,377,012 common shares issued and outstanding at
April 30, 2005. This press release contains forward-looking
statements of Geac's intentions, beliefs, expectations and
predictions for the future. These forward-looking statements often
include use of the future tense with words such as "will," "may,"
"intends," "anticipates," "expects" and similar conditional or
forward-looking words and phrases. These forward-looking statements
are neither promises nor guarantees. They are only predictions that
are subject to risks and uncertainties, and they may differ
materially from actual future events or results. Geac disclaims any
obligation to update any such forward-looking statements after the
date of this release. Among the risks and uncertainties that could
cause a material difference between these forward-looking
statements and actual events include, among other things: our
ability to increase revenues from license sales, cross-sell into
our existing customer base and reduce customer attrition; whether
we can identify and acquire synergistic businesses and, if so,
whether we can successfully integrate them into our existing
operations; whether we are able to deliver products and services
within required time frames and budgets to meet increasingly
competitive customer demands and performance guarantees; risks
inherent in fluctuating international currency exchange rates in
light of our global operations and the unpredictable effect of
geopolitical world and local events; whether we are successful in
our continued efforts to manage expenses effectively and maintain
profitability; our ability to achieve revenue from products and
services that are under development; the uncertain effect of the
competitive environment in which we operate and resulting pricing
pressures; and whether the anticipated effects and results of our
new product offerings and successful product implementation will be
realized. These and other potential risks and uncertainties that
relate to Geac's business and operations are summarized in more
detail from time to time in our filings with the United States
Securities and Exchange Commission and with the Canadian Securities
Administrators, including Geac's most recent quarterly reports
available through the website maintained by the SEC at
http://www.sec.gov/ and through the website maintained by the
Canadian Securities Administrators and the Canadian Depository for
Securities Limited at http://www.sedar.com/. Geac is a registered
trademark of Geac Computer Corporation Limited. All other marks are
trademarks of their respective owners. DATASOURCE: Geac Computer
Corporation Limited CONTACT: Financial Contact: Donna de Winter,
Chief Financial Officer, Geac, (905) 475-0525 ext. 3204; Investor
and Media Contact: Alys Scott, Vice President, Corporate
Communications, Geac, (508) 871-5854
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