MAM Software Group Announces Share Repurchase
Barnsley, England, March 5, 2012 /PRNewswire-FirstCall/
-- MAM Software Group, Inc. (OTC Bulletin Board: MAMS), a leading provider of business automation and ecommerce solutions for the
automotive aftermarket, announced that its Board of Directors has authorized the repurchase of up to $1,000,000 of its common stock,
effective March 5, 2012. Under the authorization provided by the Board, stock repurchases may be made through open market
and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number
of shares repurchased will depend on a variety of factors, including price, MAM’s cash balances, general business and market
conditions, the dilutive effects of share-based incentive plans, alternative investment opportunities and working capital needs.
The stock repurchase authorization, which does not require the Company to purchase any specific or minimum number of shares, does
not have an expiration date and may be suspended or terminated at any time without prior notice. Repurchased shares
will be returned to the status of authorized but un-issued shares of common stock.
As of March 5, 2012,
MAM had approximately 13,908,919 shares of common stock outstanding.
About MAM Software Group, Inc.
MAM Software Group, Inc. (OTC Bulletin Board:
MAMS) is a supplier of business and ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers.
MAM Software Group provides the automotive aftermarket with a combination of business management systems, information products,
and online services that together deliver benefits for all parties involved in the timely repair of a vehicle. For further information,
please visit http://www.mamsoftwaregroup.com/ .
This press release contains forward-looking
statements regarding the Company’s working capital and future repurchases of the Company’s common stock. These forward-looking
statements involve risks and uncertainties that could cause actual results to differ materially from our expectations or that may
cause the Company not to make share repurchases as currently anticipated, including alternative uses of cash, future competing
investment opportunities, general economic, business, and market conditions, and other risks and uncertainties that may adversely
impact our business. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results
may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting
the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions
or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence;
general economic conditions; and other risks detailed time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Charles F. Trapp, Executive Vice President
and Chief Financial Officer 610-336-9045 ext. 240
Maple Park, Maple Court
Tankersley, S75 3DP UK
Tel : +44 (0) 1244 311794