SofTech Receives $1.3M Strategic Investment

Based on management’s assessment, the share issuance activity detailed above would not result in a change of ownership as defined under Section 382 of the Internal Revenue Code and therefore would not limit the availability of the Company’s net operating loss carryforward asset. Therefore, the Board voted to designate the 2014 private placement as an Exempt Transaction as defined in the Company’s Rights Agreement dated February 3, 2012.

Mullaney added: “These agreements provide us with lower cost, long-term capital with no restrictions and an opportunity to enhance our current operations by providing a broader range of service offerings to our clients. Success in the marketplace can also allow Essig and SofTech to work more closely in pursuing new market opportunities. We look forward to getting started.”

About SofTech

SofTech, Inc. (OTCQB: SOFT) is a proven provider of product lifecycle management (PLM) solutions, including its ProductCenter® PLM solution and its Connector technology offering.

SofTech’s solutions accelerate productivity and profitability by fostering innovation, extended enterprise collaboration, product quality improvements, and compressed time-to-market cycles. SofTech excels in its sensible approach to delivering enterprise PLM solutions, with comprehensive out-of-the-box capabilities, to meet the needs of manufacturers of all sizes quickly and cost-effectively.

Over 100,000 users benefit from SofTech software solutions, including General Electric Company, Goodrich, Honeywell, AgustaWestland, Sikorsky Aircraft and the U.S. Army. Headquartered in Lowell, Massachusetts, SofTech ( www.softech.com) has locations and distribution partners in North America, Europe, and Asia.

SofTech and ProductCenter are registered trademarks of SofTech, Inc. All other products or company references are the property of their respective holders.

About Essig Research, Inc.

Founded in 1993, Essig’s roots were in the development of complex 3-D finite element models and providing thermal and structural analysis of turbine airfoils to GE Aviation. Today, Essig, together with its sister companies, has grown into a global business providing a variety of technical and logistic services with talented employees in several strategic locations in the U.S., Puerto Rico, Mexico and the Philippines.

Essig is a world-class, ISO 9001 registered, high-tech engineering and manufacturing services company. We provide professional services specialized in engineering design & analysis, product definition, computer modeling, repair & tooling development, project management, logistics support, and advanced manufacturing techniques to customers worldwide. We continually enhance our customers manufacturing capabilities by providing the best in class engineering services available. We are comprised of a talented team of professionals and subject matter experts with solutions to a variety of advanced engineering challenges. We have a proven record of strong partnerships with leading industry companies. We continue to grow and expand into global territories allowing us to become the #1 engineering services provider in the world.



Contact:

SofTech, Inc.
Joseph P. Mullaney, 978-513-2700
Chief Executive Officer



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