Asure Software Files S-3 Shelf Registration Statement
AUSTIN, Texas, Dec. 13, 2012 (GLOBE NEWSWIRE) -- AsureSoftware, Inc. (Nasdaq:ASUR), a leading provider of workplace management software solutions, today announced that it has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (the "SEC"). The registration statement related to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
The shelf registration statement, when declared effective by the SEC, will allow Asure Software to offer and sell, in one or more offerings, common stock, preferred stock, debt securities, warrants, units or any combination thereof with a maximum aggregate offering price of $30 million. While Asure Software has no immediate plans to resell shares, the S-3 filing is a routine administrative matter that enables the business' future growth strategy. The filing also positions Asure to have the flexibility needed to take advantage of future acquisition opportunities and to meet the interests of large investors who may be looking to make investments.
Safe Harbor for Forward-Looking Statements
Statements made in this press release regarding Asure's business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. Such risks and uncertainties could cause actual results to differ materially from those contained in the forward-looking statements.
About Asure Software
Asure Software, Inc., headquartered in Austin, Texas, offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 11,000 clients worldwide. Asure Software's suite of solutions ranges from time and attendance workforce management solutions to intelligent cloud-based workplace management solutions.
The Asure Software, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11986
For more information, including to obtain a copy of the prospectus relating to the offering described above, contact:
Jennifer Crow, Chief Financial Officer
Asure Software, Inc.
110 Wild Basin Road, Suite 110
Austin, Texas 78746