Asure Software Announces Results of 2009 Annual Meeting, Sets Effective Date for 1-For-10 Reverse Stock Split
25 December 2009 - 7:20AM
PR Newswire (US)
Asure Software (NASDAQ: ASUR), a leading provider of workforce
management software, announced that on December 17, 2009,
shareholders ratified all of the proposals up for shareholder vote
at the Company's 2009 Annual Meeting. The Company achieved quorum
for each proposal and greater than 95% of votes cast were in
support of each of the first five proposals, with approximately 85%
of votes cast supporting the 2009 equity plan. Additionally,
pursuant to stockholder approval the Company has announced that a
1-for-10 reverse stock split will be effected beginning Tuesday,
December 29, 2009. During a limited time beginning on December
29th, the Company's stock will trade on a post-split basis under
ticker symbol "ASURD". As a reminder, the Company has an active
repurchase plan in place and has been and plans to continue to be
active with it at or near current price levels. For further
information contact: Lisa Flynn, Asure Software: (512) 437-2678
About Asure Software Headquartered in Austin, Texas, Asure
Software, (d/b/a of Forgent Networks, Inc.), empowers small to
mid-size organizations and divisions of large enterprises to
operate more efficiently, increase worker productivity and reduce
costs through a comprehensive suite of on-demand workforce
management software and services. Asure's market-leading suite
includes products that optimize workforce time and attendance
tracking, benefits enrollment and tracking, pay stubs and W2
documentation, expense management, and meeting and event
management. With additional offices in Warwick, Rhode Island,
Vancouver, British Columbia, and Mumbai, India, Asure serves 3,500
customers around the world. For more information, please visit
http://www.asuresoftware.com/. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: Statements in
this press release regarding Asure's business which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. Such risks and uncertainties, which
include those associated with continued listing of the Company's
securities on the NASDAQ Capital Market, could cause actual results
to differ from those contained in the forward-looking statements.
DATASOURCE: Asure Software CONTACT: Lisa Flynn, Asure Software,
+1-512-437-2678 Web Site: http://www.asuresoftware.com/
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