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Asure Software: Forgent Networks (d/b/a Asure Software) Letter to Stockholders


Published on 2009-05-22 10:50:19, Last Modified on 2009-11-02 11:54:29 - Market Wire
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AUSTIN, TX--(Marketwire - May 22, 2009) - Asure Software (NASDAQ: [ ASUR ])

Dear Stockholder:

The June 2, 2009 Special Meeting of Stockholders of Asure Software is fast approaching, and, if you have not had a chance to vote your proxy we encourage you to vote now.

Your Board of Directors recommends that stockholders vote for each of the items on the agenda.

We are in favor of the going private proposal because:

 (1) The Company currently faces delisting from NASDAQ, which reduces the benefits of being publicly traded while continuing the high cost of being public which will lengthen the time to profitability. (2) The Company will save an estimated $1 Million a year in costs associated with being public and thus expects to achieve profitability sooner. (3) To preserve share liquidity the company intends to trade its stock on the Over the Counter Pink Sheet market. 

Once private, the company plans to continue to provide timely information to shareholders regarding the performance of the business.

Please refer to the proxy materials that were previously sent to you if you have any questions or require any additional information.

Your vote is important. To make sure that your shares are represented at the meeting, please follow the simple instructions on your proxy card to vote today by telephone, via the internet or by mail.

 Very truly yours, Richard N. Snyder Chairman and Chief Executive Officer