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Integral Systems Announces Conclusion of NASDAQ Inquiry

August 13, 2009

COLUMBIA, Md., Aug. 13 /PRNewswire-FirstCall/ — Integral Systems, Inc., (Nasdaq: ISYS) today announced that it has received notification from the NASDAQ Stock Market that its previously disclosed inquiry into the company and its former management has been closed. This announcement comes two weeks after Integral Systems announced that it reached a final settlement with the Securities and Exchange Commission (“SEC”), as more fully described in the Company’s 2008 Form 10-K and other periodic filings.

With today’s announcement, Integral Systems has effectively concluded all outstanding matters related to the SEC’s investigation of the Company. Under the SEC settlement, the Company was not required to pay a monetary penalty.

“For nearly three years, Integral Systems has worked closely, and in cooperation with, officials at the SEC and NASDAQ to bring these matters to a close,” said Paul G. Casner, interim Chief Executive Officer and President of Integral Systems. “With these matters now resolved, our energy and focus is on driving growth and profitability throughout our entire business.”

About Integral Systems

Integral Systems, Inc., headquartered in Columbia, MD, applies more than 25 years experience to provide integrated technology solutions for SATCOM-interfaced networks. Customers have relied on the Integral Systems family of companies (Integral Systems, Inc., Integral Systems Europe, Lumistar, Inc., Newpoint Technologies, Inc., RT Logic, and SAT Corporation) to deliver on time and on budget for more than 250 satellite missions. Our dedication to customer service has solidified long-term relationships with the US Air Force, NASA, NOAA, and nearly every satellite operator in the world. Integral Systems is listed in Forbes’ Top 200 Small Companies in America for 2008. For more information, visit www.integ.com.

    Company Contact:
    Kathryn Herr
    Vice President, Marketing and Communications
    Integral Systems, Inc.
    Phone: 443.539.5118
    kherr@integ.com

    Media Contact:
    Michael Glickman
    Zeno Group for Integral Systems
    Phone: 212.299.8994
    michael.glickman@zenogroup.com

SOURCE Integral Systems, Inc.


Source: newswire



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