American Software's Board Approves the Quarterly Cash Dividend
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ATLANTA, May 20 /PRNewswire-FirstCall/ -- American Software, Inc. (Nasdaq:
AMSWA) today announced that its Board of Directors has approved the Company's
quarterly dividend of $0.09 per share. The Company's regular quarterly cash
dividend of $0.09 per share of American Software common stock is payable on
September 25, 2008 to shareholders of record at the close of business on
August 22, 2008.
About American Software, Inc.
Headquartered in Atlanta, American Software develops, markets and supports
one of the industry's most comprehensive offerings of integrated business
applications, including supply chain management, Internet commerce, financial,
warehouse management and manufacturing packages. e-Intelliprise(TM) is an
ERP/supply chain management suite, which leverages Internet connectivity and
includes multiple manufacturing methodologies. American Software owns 87% of
Logility, Inc. (Nasdaq: LGTY), a leading provider of collaborative supply
chain solutions that help small, medium, large and Fortune 1000 companies
realize substantial bottom-line results in record time. Logility is proud to
serve such customers as Avery Dennison Corporation, BP (British Petroleum),
Hyundai Motor America, Leviton Manufacturing Company, McCain Foods,
Pernod-Ricard, Sigma Aldrich and Under Armour Performance Apparel. 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 and importers. Headquartered in Miami, NGC's
worldwide customers include Dick's Sporting Goods, Wilsons Leather, Kellwood,
Hugo Boss, Russell Corp., Ralph Lauren Childrenswear, Haggar Clothing Company,
Maidenform, William Carter and VF Corporation. For more information on the
Company, contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA
30305; (800) 726-2946 or (404) 261-4381. FAX: (404) 264-5206.
INTERNET: www.amsoftware.com or e-mail: ask@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 all SEC required
filings and 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, 2007 and other reports and documents
subsequently filed with the Securities and Exchange Commission. For more
information, contact: Vincent C. Klinges, Chief Financial Officer, American
Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
e-Intelliprise is a trademark of American Software, Logility is a
registered trademark and Logility Voyager Solutions is a trademark of
Logility, Demand Solutions is a registered trademark of Demand Management, and
REDHORSE is a trademark of New Generation Computing. Other products mentioned
in this document are registered, trademarked or service marked by their
respective owners.
SOURCE American Software, Inc.
Vincent C. Klinges, Chief Financial Officer, American Software, Inc.,
+1-404-264-5477
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