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Tuesday, May 19, 2009

American Software's (AMSWA) Board Approves the Quarterly 9 cent Cash Dividend

American Software, Inc. (Nasdaq: AMSWA) today announced that its Board of Directors has approved the Company's quarterly dividend of $0.09 per share. The Company's regular
quarterly cash dividend of $0.09 per share of American Software common stock is payable on September 25, 2009 to shareholders of record at the close of business on August 21, 2009.

In other News :

ATLANTA (Mau 15, 2009) American Software, Inc. (NASDAQ: AMSWA) announced today that it has agreed to increase the price of its offer to acquire all of the outstanding common stock of Logility, Inc. (NASDAQ: LGTY) not currently owned by American Software to $7.02 per share net to the seller in cash, without interest. The $7.02 offer price represents a premium of 40.4% when compared to the closing price on March 18, 2009 (the last trading day prior to the initial announcement of the tender offer) and a 37.6% premium over American Software’s original proposal of $5.10, which was also the closing price on May 14, 2009. The tender offer is expected to commence as soon as reasonably practicable. American Software currently owns approximately 88% of the outstanding common stock of Logility.

Disclosure I am long AMSWA Shares in my technology folio

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