Asure Software Cancels Special Stockholders Meeting
* Reuters is not responsible for the content in this press release.
AUSTIN, TX, Jun 01 (MARKET WIRE) --
Asure Software (NASDAQ: ASUR) -- The Board of Directors has unanimously
voted to cancel the Special Stockholders Meeting scheduled for June 2,
2009. The meeting was originally called for the purpose of allowing the
stockholders to vote on the Board's proposal to privatize the company
which, in the Board's estimation, would save the company in excess of $1
Million a year in expense for support and services related to being
publicly traded and listed on NASDAQ. While there is in fact substantial
Stockholder support for the Board's proposal, based on the total
Stockholder Proxies received to date, it is apparent that the proposal
will not receive sufficient votes to carry, due in large part to
Stockholder concerns about the loss of liquidity. As a substantial
majority of the Stockholders have now made their preference known, the
Board has decided to cancel the meeting in order to save the associated
expenses.
In addition, the company announced that it will hold its annual
shareholder meeting on July 30, 2009.
About Asure Software
Headquartered in Austin, Texas, Asure Software (ASUR), (a 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 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
www.asuresoftware.com.
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 include those associated with
continued listing of the Company's securities on the NASDAQ Capital
Market.
Copyright 2009, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters