QAD Inc. (NASDAQ:QADI), a leading provider of enterprise software
solutions for global manufacturers, today announced that it is extending
the expiration date of its one-time Stock Option and Stock Appreciation
Right Exchange Program that commenced on June 17, 2009. The expiration
date of Exchange Program is now 9:00 p.m., Pacific time, on August 12,
2009. To date, 3,408,598 stock options and stock-settled stock
appreciation rights (SARs), or 79 percent of all outstanding stock
options and SARs, have been tendered (and not withdrawn) as part of the
Exchange Offer.
This press release is for informational purposes only. The terms and
conditions of the Exchange Program, as extended, are set forth in QAD’s
Tender Offer Statement as filed with the Securities and Exchange
Commission on June 17, 2009 and as further amended on June 24, 2009 and
July 9, 2009.
About QAD
QAD is a leading provider of enterprise applications for global
manufacturing companies. QAD applications provide critical functionality
for managing manufacturing resources and operations within and beyond
the enterprise, enabling global manufacturers to collaborate with their
customers, suppliers and partners to make and deliver the right product,
at the right cost and at the right time. Manufacturers of automotive,
consumer products, electronics, food and beverage, industrial and life
science products use QAD applications in more than 90 countries and in
as many as 27 languages. For more information about QAD, telephone +1
805-566-6000, or visit the QAD Web site at www.qad.com.
"QAD" is a registered trademark of QAD Inc.
All
other products or company names herein may be trademarks of their
respective owners.