Speed Commerce Inc (SPDC)

[Roy London]

This is the killer of its future,,, The Company does not anticipate that it will be able to cure, or receive a waiver of, this default under its Credit Agreement. Further, based on the Company’s exploration of strategic alternatives, it does not anticipate that a transaction will be available to it that would result in the repayment of the Company’s debt pursuant to the Credit Agreement. Accordingly, absent unforeseen changes in the Company’s current financial situation, if the Company’s Lenders act to enforce their rights and remedies, the Company does not anticipate there will be any value in its equity.