News: $MAMS ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of MAM Software Group, Inc.

NEW YORK , Sept. 3, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against MAM Software Group, Inc. (NASDAQ: MAMS) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Kerridge Commercial Systems. Stockh...

Read the whole news MAMS - ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of MAM Software Group, Inc.

News: $MAMS MAM Software Group, Inc. Agrees to be Acquired by Kerridge Commercial Systems for $12.12 per Share in Cash

BLUE BELL, Pa. and HUNGERFORD, England , Sept. 3, 2019 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) ("MAM Software" or "MAM"), a leading global provider of on-premise and cloud-based business management solutions for the automotive parts, tire and vertical dist...

Read the whole news MAMS - MAM Software Group, Inc. Agrees to be Acquired by Kerridge Commercial Systems for $12.12 per Share in Cash

MAM Software Announces Final Results of Its Tender Offer (12/08/15)

BARNSLEY, England, Dec. 8, 2015 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) (the "Company" or "MAM"), a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries, announced today the final results of its cash tender offer, which expired at 5:00 P.M., New York City time, on December 1, 2015.

Based on the final count by the depositary for the tender offer, the Company accepted for purchase 2,000,000 shares of its common stock at a purchase price of $7.50 per share, net to the seller in cash, less any applicable withholding taxes and without interest, for a total purchase price of $15 million. The repurchased shares represent approximately 13.9% of the Company's common stock outstanding as of December 1, 2015.

The tender offer was oversubscribed. Pursuant to the terms of the tender offer, shares were accepted on a pro rata basis, except for tenders of odd lots, which were accepted in full. The Company has determined that the proration factor for the tender offer, after giving effect to the priority of odd lots, is approximately 75.4%. The depositary will promptly pay for the shares accepted for purchase and will return all other shares tendered and not purchased.

Laurel Hill Advisory Group, LLC served as information agent for the tender offer, and Corporate Stock Transfer, Inc. served as the depositary for the tender offer. All inquiries about the tender offer should be directed Laurel Hill Advisory Group, LLC, the information agent for the tender offer, toll-free at (888) 742-1305.

About MAM Software Group, Inc.

MAM Software is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to intelligently manage core business processes, control costs and generate new profit opportunities. MAM's integrated platforms provide a wealth of rich functionality including: point-of-sale, inventory, purchasing, reporting, data and e-commerce. Wholesale, retail and installer business across North America, the U.K. and Ireland rely on MAM solutions, backed by dedicated teams of experienced service and support professionals. For further information, please visit http://www.mamsoftware.com.

http://www.prnewswire.com/news-releases/mam-software-announces-final-results-of-its-tender-offer-300189444.html

MAM Software Announces Preliminary Results of Its Tender Offer and Closing of Financing (12/02/15)

BARNSLEY, England, Dec. 2, 2015 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) (the "Company" or "MAM"), a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries, announced today the preliminary results of its cash tender offer, which expired at 5:00 P.M., New York City time, on December 1, 2015.

Based on the preliminary count by the depositary for the tender offer, a total of 2,686,183 shares of the Company's common stock were properly tendered and not properly withdrawn in the tender offer. The tender offer was oversubscribed. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, the Company expects to repurchase 2 million shares at $7.50 per share on a pro rata basis, except for tenders of odd lots, which will be accepted in full, for a total cost of $15 million, excluding fees and expenses related to the tender offer. As such, the Company has determined that the preliminary proration factor for the tender offer is approximately 74.5%. The shares expected to be repurchased represent approximately 13.9% of the Company's common stock outstanding as of December 1, 2015.

The number of shares expected to be purchased in the tender offer and the proration factor referred to above are preliminary and subject to change. The final number of shares to be purchased will be announced following completion of the verification process. Payment for the shares accepted for purchase pursuant to the tender offer, and the return of all other shares tendered and not purchased, will occur promptly thereafter.

Laurel Hill Advisory Group, LLC served as information agent for the tender offer, and Corporate Stock Transfer, Inc. served as the depositary for the tender offer. All inquiries about the tender offer should be directed Laurel Hill Advisory Group, LLC, the information agent for the tender offer, toll-free at (888) 742-1305.

The Company also announced today that it has closed on its secured $12 million credit facility with J.P. Morgan Chase Bank, N.A. The credit facility consists of (1) a $2.5 million senior revolving credit facility and (2) a $9.5 million term loan. Both the Revolver and the Term Loan have a three-year term. The proceeds of the credit facility will be used, among other things, to fund the tender offer and to provide for general corporate purposes.

About MAM Software Group, Inc.

MAM Software is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to intelligently manage core business processes, control costs and generate new profit opportunities. MAM's integrated platforms provide a wealth of rich functionality including: point-of-sale, inventory, purchasing, reporting, data and e-commerce. Wholesale, retail and installer business across North America, the U.K. and Ireland rely on MAM solutions, backed by dedicated teams of experienced service and support professionals. For further information, please visit http://www.mamsoftware.com.

http://www.prnewswire.com/news-releases/mam-software-announces-preliminary-results-of-its-tender-offer-and-closing-of-financing-300186767.html

Tender Offer (11/02/15)

http://www.sec.gov/Archives/edgar/data/832488/000114420415062063/v423216_exhxax1xa.htm

MAM Software Group, Inc. Announces Tender Offer to Purchase up to 2,000,000 Shares of its Common Stock (11/02/15)

BARNSLEY, England, Oct. 31, 2015 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) (the "Company" or "MAM"), a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries, announced that it is commencing a cash tender offer to purchase up to 2,000,000 shares of its common stock at a price of $7.50 per share.

The tender offer will expire at 5:00 P.M., New York City time, on December 1, 2015, unless extended by the Company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials. If more than 2,000,000 shares are properly tendered and not properly withdrawn, the Company will purchase shares from all tendering shareholders on a pro rata basis as specified in the Offer to Purchase, subject to the "odd lot" and conditional tender provisions described in the Offer to Purchase.

The Company expects to fund the purchase of shares in the tender offer with a combination of available cash, and borrowings under a secured $12 million credit facility with J.P. Morgan Chase Bank, N.A. that it expects to enter into prior to the close of the tender offer (the "Credit Facility"). The tender offer will not be conditioned upon any minimum number of shares being tendered, but will be subject to certain other conditions, including the condition that the Company enter into the Credit Facility and the availability of funds thereunder that, together with other available funds, are sufficient to fund the purchase of shares in the tender offer.

Specific instructions and a complete explanation of the terms and conditions of the tender offer will be contained in the Offer to Purchase and related materials that will be sent to shareholders beginning on November 2, 2015.

Laurel Hill Advisory Group, LLC will serve as information agent for the tender offer, and Corporate Stock Transfer, Inc. will serve as the depositary for the tender offer.

The Company's board of directors has approved the tender offer. However, none of the Company or its board of directors, the information agent or the depositary in connection with the tender offer, is making any recommendation to shareholders as to whether to tender or refrain from tendering shares in the tender offer. The Company cannot predict how its stock will trade after expiration of the tender offer and stockholders must make their own decision as to whether to tender their shares and, if so, how many shares to tender. Shareholders should carefully evaluate all information in the Offer to Purchase and the related Letter of Transmittal, should consult with their own financial and tax advisors, and should make their own decisions about whether to tender shares, and, if so, how many shares to tender.

Information Regarding the Tender Offer

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company's common stock. The solicitation and offer to buy the Company's common stock will only be made pursuant to the Offer to Purchase, the Letter of Transmittal and the other offer materials that the Company will send to its shareholders. Shareholders and investors are urged to read the company's Tender Offer Statement on Schedule TO, the Offer to Purchase, the related Letter of Transmittal and the other offer materials, as well as any amendments or supplements to the Schedule TO when they become available, because they will contain important information, including various terms and conditions of the tender offer. Shareholders will be able to obtain copies of the Offer to Purchase, Letter of Transmittal and related materials that will be filed by the Company with the SEC through the SEC's internet address at www.sec.gov without charge when these documents become available. Shareholders and investors may also obtain a copy of these documents, as well by calling Laurel Hill Advisory Group, LLC, the information agent for the tender offer, toll-free at (888) 742-1305.

About MAM Software Group, Inc.

MAM Software Group, Inc. is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to intelligently manage core business processes, control costs and generate new profit opportunities. MAM's integrated platforms provide a wealth of rich functionality including: point-of-sale, inventory, purchasing, reporting, data and e-commerce. Wholesale, retail and installer business across North America, the U.K. and Ireland rely on MAM solutions, backed by dedicated teams of experienced service and support professionals. For further information, please visit http://www.mamsoftware.com.

http://www.prnewswire.com/news-releases/mam-software-group-inc-announces-tender-offer-to-purchase-up-to-2000000-shares-of-its-common-stock-300169471.html

Still?

6.30 hit... if it closes above this level this is a 52 week high.

6.25 x 6.27 block moved to 6.27 and is being eroded

1100 vs 701 bid and ask

6.20 x 6.28.... there is a block at 6.29.. but if it breaks it would exceed the previous 52 week high.

Seeing the bid firm up.... 6.05 x 6.07.

Previous 52 week high 6.29... watching to see if MAMS break above.

8K shows growth opportunity

Item 8.01 Other Events



On June July 21, 2014, MAM Software Group, Inc. (the “Company”) was notified that it has been selected by Goodyear Tire & Rubber Company as a strategic IT partner to replace the current Goodyear Business Management System. MAM will customize its VAST POS software product for use by Goodyear and its 620 retail store network and approximately 800 location dealer network, and will license such custom software to Goodyear, as well as provide ongoing maintenance and support for such custom software.



Forward-Looking Statements



This current report on Form 8-K contains “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should” or “will” or the negative thereof or other variations thereon or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013 under the heading “Risk Factors,” may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.



Item 9.01 Financial Statements and Exhibits


(a) Not Applicable


(b) Not Applicable


(c) Not Applicable


(d) Exhibits:



Not Applicable

Good morning MAM Software Group, Inc. (MAMS

crapola above 5 bucks….

MAMS uplisted to Nasdaq NCM:

http://www.otcbb.com/asp/dailylist_detail.asp?d=05/10/2013&mkt_ctg=OTCBB

Huge blocks on Friday

$3.6900 82,555 OBB 16:01:44
$3.6600 4,000 OBB 15:23:30
$3.6700 82,555 OBB 12:02:37
$3.6800 82,555 OBB 12:02:18

New identity and US management structure to reinforce growth strategy

BARNSLEY, England, April 5, 2013 /PRNewswire/ -- MAM Software Group, Inc. (OTC Bulletin Board: MAMS) has announced a new corporate identity and a new management structure for it US subsidiaries as part of a global rebrand. The move brings MAM operations in the UK and US under one unified brand to more accurately reflect its position as one of the leading providers of business management software solutions.

(Photo: http://photos.prnewswire.com/prnh/20130405/NY89407 )

Renowned for its innovative and flexible approach, MAM Software is a leading provider of business management solutions, with dedicated product groups for the UK and US automotive aftermarkets as well as vertical markets in the UK. It focuses on improving the efficiency and profitability of companies with complex supply chains via the use of specialized software and services.

This major initiative will see the merging of the Group's MAM Software Inc. and Aftersoft Network NA Inc. subsidiaries to create a single company with specific divisions serving the US tire and auto parts aftermarkets. Operating under the new MAM Software Inc. brand, the company will headed by the newly appointed Patrick Maley as President.

Patrick Maley joins the company from RedPrairie, where he occupied the role of Vice President and General Manager. He has 23 years of sales and management experience across a variety of industries. Mr Maley will bolster the executive team at MAM Software Inc., joining existing members of staff Bill Klepeiss and Brian Allibon who will take new positions as President of VAST Division and President of Autopart Division respectively.

The refreshed brand identity, which will be rolled out over the coming weeks, underlines the company's dedication to growing its operations in the US and UK and centers around the central proposition of "Driving Business Performance." The rebrand will also include a new website which will communicate the business benefits of MAM's solutions and encapsulate the Group's total offering, including applications for auto parts, tire, servicing and other vertical markets.

"Our new identity will act as a catalyst for further progress towards our strategic vision," said Mike Jamieson, CEO of MAM Software Group. "With our new logo and central proposition, MAM Software is making a bold statement about our leadership in helping companies achieve significant improvements in their business performance. Existing product names will be retained however, in order to preserve the solid reputation they have earned, and to help ensure their continued strong market position.

"This is an exciting time for MAM Software in North America, and with continued investment in the company we aim to capitalize on our successes and build a platform for future growth. Our new identity will make it easier for existing and potential customers to identify which of our products are relevant to their market, and will give stakeholders a greater clarity about the structure of the Group."

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/.

SOURCE MAM Software Group, Inc.



Source: PR Newswire (April 5, 2013 - 11:00 AM EDT)

News by QuoteMedia

$3.7000 119,612 OBB 15:59:59 ->>>>> huge block
$3.6700 50,000 OBB 14:02:10
$3.6800 50,000 OBB 14:01:47
$3.6700 500 OBB 13:23:05
$3.6700 50,000 OBB 12:48:23
$3.6800 50,000 OBB 12:47:56
$3.6800 2,250 OBB 12:06:27
$3.6800 3,000 OBB 11:33:04
$3.6800 1,000 OBB 11:32:53
$3.6800 1,000 OBB 11:31:39
$3.6800 800 OBB 11:09:40
$3.6800 200 OBB 11:08:27
$3.6800 2,500 OBB 10:56:46
$3.6800 150 OBB 09:34:45
$3.6800 1,100 OBB 09:34:05

Gigantic block on the ask just came in..... watching to see if somehow it is bought up.

MAMS hit 3.85 52 week high.... however some overhang at 3.75

Will this hit 4?

3.7 x 7,500 = $27,750 dollars thus far.

70 grand plus of volume today.
$3.7000 2,500 OBB 15:49:47
$3.7000 5,000 OBB 15:49:41
$3.6800 5,000 OBB 15:49:30
$3.6800 132 OBB 14:29:24
$3.6800 132 OBB 14:29:21
$3.6500 400 OBB 11:53:55
$3.6900 3,400 OBB 09:46:43
$3.7000 100 OBB 09:37:19

$3.7000 4,700 OBB 15:39:50
$3.7000 900 OBB 15:39:50
$3.7000 1,600 OBB 15:39:26
$3.7000 900 OBB 15:39:26

MAMS closed at 3.70

60 grand of volume

MAMS closed at 3.70 27K in volume.

$3.7000 975 OBB 14:28:42
$3.7000 1,000 OBB 14:27:55
$3.6000 4,500 OBB 12:57:31
$3.6000 743 OBB 11:38:09
$3.6900 286 OBB 11:36:18
$3.7500 2,500 OBB 03/11
$3.8000 287 OBB 03/11
$3.7000 100 OBB 03/11
$3.6500 1,500 OBB 03/11
$3.6000 314 OBB 03/11
$3.6000 2,000 OBB 03/11
$3.6000 100 OBB 03/11
$3.6000 100 OBB 03/08
$3.5500 343 OBB 03/08
$3.4500 500 OBB 03/08
$3.5000 400 OBB 03/07
$3.4000 2,100 OBB 03/07
$3.5000 1,000 OBB 03/07
$3.6000 250 OBB 03/06
$3.5000 300 OBB 03/06
$3.5000 650 OBB 03/06
$3.5000 950 OBB 03/06
$3.5500 1,000 OBB 03/06
$3.5100 400 OBB 03/06
$3.6000 600 OBB 03/06
$3.6500 150 OBB 03/06
$3.6000 100 OBB 03/06
$3.6000 250 OBB 03/05
$3.4000 2,500 OBB 03/05
$3.4000 2,400 OBB 03/05

25K in volume today 3.75 a new 52 week high thus far.

3.68 x 3.84 hit 3.80 52 week high, I think it could see 4+

Roy you still in this moved from about 2 to 3.30 from what I see on the one year chart.

According to ihub there was a 65,500 share buy at $3.30 (if anyone has another source to confirm buy vs sells it would be appreciated greatly).

65,500 x $3.30 = $216150

http://stockcharts.com/c-sc/sc?s=MAMS&p=D&yr=0&mn=3&dy=0&i=t97379451406&r=1362455419673

MAM Software Group Reports Quarterly Financial Results; Announces Share Repurchase Program
9:00a ET November 8, 2011 (PR NewsWire)
MAM Software Group, Inc. (OTC Bulletin Board: MAMS), a leading provider of business automation and ecommerce solutions for the automotive aftermarket, announced the following financial results for its quarter ended September 30, 2011, through the filing on November 7, 2011 of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission:


For The Quarter Ended
(In thousands, except share and per share data) September 30,
2011 2010
---------- ---------
Revenues $ 6,162 $ 6,602
Gross profit $ 3,477 $ 3,810
Operating income $ 874 $ 1,206
Income before provision for income tax $ 971 $ 737
Net income $ 731 $ 437
Earnings per share attributed to common stockholders - basic $ 0.05 $ 0.05
Earnings per share attributed to common stockholders - diluted $ 0.05 $ 0.05
Weighted average shares outstanding - basic 14,213,380 8,571,243
Weighted average shares outstanding - diluted 14,480,289 8,571,243

First Quarter Highlights:

Continued quarterly growth of Autowork Online subscribers to 2,380.

A 19.5% annual growth in recurring revenues to 71%

A 110% quarterly growth of net cash to $1,908,000

Systems backlog of $1,910,000

First Quarter Financial Review:

Revenues were $6,162,000 for the three months ended September 30, 2011, compared with $6,602,000 for the three months ended September 30, 2010, a decrease of $440,000 or 6.7%. Operating income decreased $332,000 or 27.6% to $874,000 for the quarter ended September 30, 2011, as compared to income of $1,206,000 for September 30, 2010. Income before income taxes was increased $234,000 or 31.8% to $971,000 as compared to income of $737,000 in the prior fiscal quarter. Net income after taxes increased $294,000 or 67.3% to $731,000 for the quarter ended September 30, 2011 vs. income of $437,000 for the quarter ended September 30, 2010. Basic and Diluted earnings per share were $0.05 versus $0.05 per share for the same year ago period.

Revenues for the quarter ended September 30, 2011 decreased $440,000, or 6.7%, resulting from a combination of (i) decreased revenue from our U.S. operations of $65,000 and (ii) a decrease in revenue of 356,000GBP from our U.K. subsidiary. U.S. revenue decreased $65,000 to $1,520,000 in 2011 from $1,585,000 in 2010 because of decreased sales of software and professional services, which were partially offset by an increase in the recurring revenue of $109,000. U.K. Revenue decreased 356,000GBP, or 11.0%, to 2,881,000GBP during the three months ended September 30, 2011 from 3,237,000GBP during the three months ended September 30, 2010. UK recurring revenue increased $342,000 and partially offset the decrease in software and professional services revenue. The weaker U.S. dollar resulted in UK dollar-denominated revenue of $4,642,000 during 2011 as compared to $5,017,000 during 2010, a decrease of $375,000.

Gross margins for the quarter ended September 30, 2011 were 56.5% vs. 57.7% for the quarter ended September 30, 2010.

Business Update:

Commenting on the first quarter of fiscal 2012, MAM's CEO, Michael Jamieson, said, "The Company experienced a decrease in revenues and a reduction in profit margins while also reducing operating expenses, which resulted in a decrease in operating income of $332,000 to $874,000. The Company's U.S. based recurring revenues increased to $1,130,000 from $1,021,000 an increase of $109,000 or 11% for the quarters ended September 30, 2011 and 2011 respectively. The Company's UK subsidiary, MAM Software Limited, increased recurring revenue $342,000 or 12%, to $3,228,000 vs. $2,886,000 for quarters ended September 30, 2011 and 2010 respectively." Mr. Jamieson also added, "We continued our strategic development, building on the results achieved in Fiscal 2011. We were particularly pleased with the progress that we made with our 'cloud' based application, Autowork Online in the UK. Subscribers to Autowork Online have increased each month of this quarter and now total 2,380. Revenues from Autowork Online totaled $171,000 for the three months ended September 30, 2011, a $15,000 or 9.6% quarter-over-quarter revenue growth from June 30, 2011." Mr. Jamieson further elaborated that "the Company increased its cash position by $766,000 to $3,536,000, decreased debt by $234,000 to $1,628,000, and increased Stockholders' Equity by 6% to $12,155,000. Furthermore, the first quarter produced an Adjusted EBITDA of $1,387,000 versus $1,608,000 for the quarter ending September 30, 2010, a decrease of 14%."

The Company also announced that its Board of Directors has authorized the repurchase of up to $250,000 of its common stock, effective November 8, 2011. 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 November 7, 2011, MAM had approximately 14,296,269 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/.


MAM SOFTWARE GROUP, INC.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
September 30, June 30,
2011
----------------------------------
ASSETS 2011
---------------------------------- --------------
Current Assets (Unaudited)
Cash and cash equivalents $ 3,536 $ 2,770
Accounts receivable, net of allowance of $144 and $174 2,829 3,340
Inventories 272 293
Prepaid expenses and other current assets 752 732
-------- --------
Total Current Assets 7,389 7,135
Property and Equipment, Net 744 776
Other Assets
Goodwill 9,162 9,332
Amortizable intangible assets, net 1,898 2,093
Software development costs, net 1,286 1,364
Other long-term assets 63 70
-------- --------
TOTAL ASSETS $ 20,542 $ 20,770
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable $ 1,318 $ 1,129
Accrued expenses and other 1,695 2,468
Payroll and other taxes 645 385
Derivative liabilities 522 672
Current portion of long-term debt 773 1,086
Current portion of deferred revenue 395 438
Sales tax payable 896 918
Income tax payable 527 664
-------- --------
Total Current Liabilities 6,771 7,760
Long-Term Liabilities
Deferred revenue, net of current portion 224 190
Deferred income taxes 222 246
Long-term debt, net of current portion 855 776
Other 315 325
-------- --------
Total Liabilities 8,387 9,297
-------- --------
Commitments and Contingencies
Stockholders' Equity
Preferred stock: Par value $0.0001 per share; 10,000,000 shares authorized, none issued and outstanding - -
Common stock: Par value $0.0001 per share; 150,000,000 shares authorized, 14,267,040 and 14,167,621 shares issued and outstanding, respectively 1 1
Additional paid-in capital 33,368 33,156
Accumulated other comprehensive loss (822) (561)
Accumulated deficit (20,392) (21,123)
-------- --------
Total Stockholders' Equity 12,155 11,473
-------- --------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 20,542 $ 20,770


MAM SOFTWARE GROUP, INC.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
For the Three For the Three
Months Ended Months Ended
September 30, September 30,
2011 2010
------------- ------------
Revenues $ 6,162 $ 6,602
Cost of revenues 2,685 2,792
Gross Profit 3,477 3,810
Operating Expenses
Research and development 804 782
Sales and marketing 599 505
General and administrative 899 1,049
Depreciation and amortization 301 268
Total Operating Expenses 2,603 2,604
Operating Income 874 1,206
Other Income (Expense)
Interest expense (53) (417)
Change in fair value of derivative liabilities 150 (52)
Total other income (expense), net 97 (469)
Income before provision for income taxes 971 737
Provision for income taxes 240 300
------------- -------------
Net income 731 437
Foreign currency translation gain (loss) (261) 334
------------- -------------
Total comprehensive income $ 470 $ 771
Earnings per share attributed to common stockholders:
Basic $ 0.05 $ 0.05
Diluted $ 0.05 $ 0.05
Weighted average shares outstanding:
Basic 14,213,380 8,571,243
Diluted 14,480,289 8,571,243


MAM SOFTWARE GROUP, INC.
Calculation of Adjusted Earnings before Interest, Taxes, Depreciation,
and Amortization (unaudited, includes non-cash compensation and
intangible asset impairment) For the Quarter Ended
September 30,
-------------------------------------------------------------------
(in thousands) 2011 2010
Net Income $ 731 $ 437
Interest Expense 53 471
Taxes 240 300
Depreciation and amortization 301 268
Non-cash equity compensation 212 80
Change in fair value of derivative liabilities (150) 52
----------------------------------- -----------------------------
Adjusted EBITDA $ 1,387 $ 1,608
---------------- - -

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.

SOURCE MAM Software Group, Inc.

Mams a moving ?

hold up how did MAMS get over a dollar, I was remembering this at like .15

still holding

Decent volume today again.

Out at 50% - Your mam bakes good bread.

still holding my mama

get back to ya on that but always live by "pigs go to the slaughter house"

Just watching Roy, I should have gotten in. Congrats on the move.

Mum's (I mean MAMS) the word. Target to take some profits ?

yeah it's been nice..it's classic Roy london get in when really quiet and when IHUUBERS are nowhere to be found that way I can sleep at night

Nice jump there.

good to see ya here this one should work out well

Thanks for the info.

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/.

adx trend starting to turn

bollies turning...sar has flipped

low floater...she's thin!

sweet chart set up starting up

Aftersoft Group Reports Third Quarter Financial Results
May 15, 2009 12:47:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesNEW YORK, May 15 /PRNewswire-FirstCall/ -- Aftersoft Group, Inc. (OTC Bulletin Board: ASFG), a major supplier of business and ERP supply chain management solutions to automotive parts and tires, distributors, jobbers, retailers and installers, announced the following financial results for its fiscal third quarter and nine months ended March 31, 2009, on May 15, 2009, through the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission:


(In thousands, except Three Months Ended Nine Months Ended
per share data) 3/31/09 3/31/08 3/31/09 3/31/08

Revenues $5,027 $5,833 $15,877 $16,833
Gross Profit $2,902 $3,112 $8,762 $8,945
Operating income (loss) $244 ($1,496) ($61) ($2,556)
Total comprehensive loss ($492) ($2,634) ($8,676) ($2,171)
Loss per share - ($0.02) ($0.07) ($0.02)
Shares (basic and
diluted) 79,123,769 85,335,721 88,291,870 85,637,056

Gross margins for the third quarter were 57.7%, up from a gross margin of 53.4% during the same period in 2008. For the first nine months of fiscal 2009, gross margin averaged 55.2% compared to 53.1% for the same period in fiscal 2008.


Commenting on the quarter, Aftersoft's CEO, Ian Warwick, said, "This has been a significant quarter for us. During the quarter our US operations turned their first operating profit in the Company's history. We are pleased with results and look forward to the US finishing this Fiscal 2009 in a strong position."


The Company reported revenue of $4,378,000 and $11,499,000 from its US and UK operations, respectively, for the nine-month period ended March 31, 2009. Revenue from its UK operations was negatively impacted by the effect of a stronger US Dollar vs. Pounds Sterling relative to the same period a year ago. Revenue in Pounds Sterling from UK operations increased from 6,310,000 Pounds Sterling for the nine months ended March 31, 2008 to 7,019,000 Pounds Sterling for the nine months ended March 31, 2009. Added Warwick, "Currency translation is a reality of our business. Although the reported numbers on a dollar basis don't accurately reflect the underlying continuous improvement in our UK business, in fact our UK division's revenue on a constant, Pounds Sterling basis, grew by 709,000 Pounds Sterling or 11.2% from the same period a year ago."


About Aftersoft Group, Inc.

Aftersoft Group, Inc. (OTC Bulletin Board: ASFG) is a supplier of business and ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers. Aftersoft 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 www.aftersoftgroup.com.


This press release contains forward-looking statements. 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.


AFTERSOFT GROUP, INC
Consolidated Balance Sheets
(In thousands, except share data)

March 31, June 30,
2009 2008
(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents $1,147 $1,964
Accounts receivable, net of allowance
of $40 and $202 2,742 3,233
Inventories 339 615
Prepaid expenses and other current assets 455 690
Total Current Assets 4,683 6,502

Property and Equipment, Net 960 592

Other Assets
Goodwill 9,404 11,878
Amortizable intangible assets, net 3,575 4,584
Software development costs, net 1,577 1,718
Investments in available-for-sale securities 1,238 4,102
Other long-term assets 233 426
Total Assets $21,670 $29,802

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable $1,455 $2,372
Accrued expenses and other 3,450 3,508
Payroll and other taxes 715 933
Current portion of long-term debt 1,070 598
Current portion of deferred revenue 391 607
Other current liabilities 377 379
Total Current Liabilities 7,458 8,397

Long-Term Liabilities
Deferred revenue, net of current portion 711 545
Deferred income taxes 880 880
Long-term debt, net of current portion and
debt discount 5,215 4,783
Other 152 142
Total Liabilities 14,416 14,747
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock:
Par value $0.0001 per share; 10,000,000 shares
authorized, none issued and outstanding - -
Common stock:
Par value $0.0001 per share; 150,000,000
shares authorized, 79,125,953 and 92,733,220
shares issued and outstanding, respectively 8 9
Additional paid-in capital 29,927 31,732
Parent company common stock - (2,850)
Accumulated other comprehensive income (loss) (1,395) 1,617
Accumulated deficit (21,286) (15,453)
Total Stockholders' Equity 7,254 15,055

Total Liabilities and Stockholders' Equity $21,670 $29,802


AFTERSOFT GROUP, INC
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)

(In Thousands except for For the Three Months For the Nine Months
share and per share data) Ended Ended
March 31, March 31,
2009 2008 2009 2008

Revenues $5,027 $5,833 $15,877 $16,833
Cost of revenues 2,125 2,721 7,115 7,888
Gross profit 2,902 3,112 8,762 8,945

Operating expenses
Research and development 721 832 2,215 2,290
Sales and marketing 550 640 1,710 1,829
General and administrative 1,134 2,815 4,117 6,379
Depreciation and amortization 253 321 781 1,003
Total operating expenses 2,658 4,608 8,823 11,501

Operating income (loss) 244 (1,496) (61) (2,556)

Other income (expense)
Interest expense (413) (360) (1,213) (442)
Write down of investments in
available-for-sale securities - - (3,957) -
Interest income 8 - 21 -
Reduction in litigation settlement - - - 76
Gain on sale of investment in
non-marketable securities - - - 1,312
Other, net (2) 36 11 35
Total other income (loss), net (407) (324) (5,138) 981

Loss before provision for income
taxes (163) (1,820) (5,199) (1,575)

Provision for income taxes 152 77 465 465
Loss from continuing operations (315) (1,897) (5,664) (2,040)
Income from discontinued
operations - - - 14
Loss on sale of discontinued
operations - - - (26)
Net loss (315) (1,897) (5,664) (2,052)

Unrealized gain (loss) on
investments in available-for-sale
securities and
Reversal of unrealized loss on
investments in available-for-sale
securities 281 (234) 1,089 (188)
Foreign currency translation
gain (loss) (458) (503) (4,101) 69
Total comprehensive loss $(492) $(2,634) $(8,676) $(2,171)

Loss per share attributed to
common stockholders - basic
and diluted
Continuing operations $- $(0.02) $(0.07) $(0.02)
Discontinued operations - - - -
$- $(0.02) $(0.07) $(0.02)
Weighted average common
shares outstanding- basic
and diluted 79,123,769 85,335,721 88,291,870 85,637,056



SOURCE Aftersoft Group, Inc.



----------------------------------------------
Sarah Jarvis of Aftersoft Group
Inc.
+44-1244-893138
sjarvis@aftersoftgroup.com

Is anyone watching this stock?