SofTech Announces Improved Profitability for Fiscal Year 2009

In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “potential” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on any forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of this release. Except as otherwise required by law, we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this release to reflect any change in our expectations or any change in events, conditions or circumstances on which any of our forward-looking statements are based. We qualify all of our forward-looking statements by these cautionary statements.

SOFTECH, INC.
FINANCIAL SUMMARY

(In thousands, except per share data)

       
Statements of Operations (unaudited):
 

For the Fiscal Years Ended May 31,

 

   

2009

   

2008

 
Revenue     $ 9,498     $ 10,106  
Income from operations       2,132       928  
Net income (loss)       1,321       (306 )
Basic and diluted income (loss) per share      

.11

     

(.03

)


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