MAM Software Group, Inc. (MAMS)

[Roy London]

The Company reported revenue of $24,156,000 for the year ended June 30, 2010 as compared to $21,119,000 for the year ended June 30, 2009 an increase of $3,037,000 or 14.4%. Operating income increased $2,124,000 to $1,111,000 for the year ended June 30, 2010, as compared to a loss of $1,031,000 for June 30, 2009. Income before income taxes was $67,000 as compared to a loss of $7,237,000 in the prior year, and the net loss after taxes was $627,000 for the year ended June 30, 2010 versus a loss of $7,623,000 for the year ended June 30, 2009. The loss per share was $0.01 versus a loss of $0.09 per share in the prior year.

Gross margins for the year ended June 30, 2010 were 57.5% versus 55% for the year ended June 30, 2009.

The Company reported revenue of $6,475,000 and $17,681,000 from its US and UK operations, respectively, for the year ended June 30, 2010, compared to $6,071,000 and $15,048,000, respectively, during the same period in 2009. Revenue increased 1,856,000GBP from organic sales growth in data services and systems sales from its UK operations. The stronger US dollar resulted in dollar denominated revenue of $17,681,000 during 2010 as compared to $15,048,000 during 2009, which is an increase of $2,633,000. US revenue increased $404,000 to $6,475,000 in 2010 from $6,071,000 in 2009 as a result of increased software sales.

Commenting on the full year results, MAM's CEO, Michael Jamieson, said, "This has been a year of continued improvement for the Company, driven by our simultaneous execution of continued growth in sales and earnings, as well as a reduction in operating expenses. The Company's UK subsidiary, MAM Software Limited, continued to increase revenue and income both in the US and UK. AfterSoft Network N.A.'s revenues remained in line with expectations and generated a growth in income from operations. These developments enabled the Company to increase both its gross profit and net income for the fourth quarter and full year." Mr. Jamieson further elaborated that "the current year's results were negatively impacted by in excess of $1,450,000 of one-time expenses and without these one-time expenses the Adjusted EBITA was $3,879,000 for the current year versus $1,330,000 for June 30, 2009."

Added Jamieson: "The fourth quarter represented a period of solid achievement for the Company. We continued our strategic development, building on the results achieved in the first three quarters. We realized a gross profit for the three months of $467,000 and net income before income taxes of $165,000."

Continued Jamieson: "We are looking forward to the 2011 Fiscal Year. Our goal for the upcoming fiscal year is to take advantage of our success in achieving both increased growth as well as cost containment during a challenging year when the two markets in which we primarily operate - the US and the UK - continued to struggle overall. The overall industry segment for our products and services continues to expand and we believe that our suite of modern business solutions, built by a team of experienced professionals using the latest technology, are clearly differentiated and in high demand."

About MAM Software Group, Inc.

MAM Software Group, Inc. (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/.