Pinnacle Fund and Red Oak Announce that the United States District Court for the Western District of Texas, Austin Division DENIED Asure's Request for a Preliminary Injunction Against Pinnacle, Red Oak, and Other Defendants
Posted on: Thursday, 27 August 2009, 12:55 CDT
NEW YORK, Aug. 27 /PRNewswire/ -- Pinnacle Fund ("Pinnacle") and Red Oak Partners ("Red Oak") expressed satisfaction that the United States District Court for the Western District of Texas, Austin Division today DENIED the request by Forgent, d/b/a as Asure Software, Inc. ("ASUR") for a preliminary injunction against Red Oak, Pinnacle, and other defendants. "We are gratified that the court has not accepted this attempt to prevent Red Oak and other shareholders from voting at tomorrow's annual meeting of shareholders, and we now hope that ASUR will conduct an orderly meeting and allow its owners to decide the composition of the board of directors," said David Sandberg. "It is time for a change at ASUR and we encourage all holders to vote on the BLUE proxy card if they have not done so." Any holder wishing assistance in voting should contact MacKenzie Partners, Inc. at 800-322-2885, 212-929-5500 or via email at proxy@mackenziepartners.com.
Important Information
Pinnacle Fund, LLLP ("Pinnacle") and Red Oak Partners LLC ("Red Oak") filed a definitive proxy statement with the Securities and Exchange Commission on July 30, 2009, in connection with the annual meeting of stockholders of Forgent Networks, Inc. (the "Company") to be held on August 28, 2009. Stockholders are strongly advised to carefully read Pinnacle's definitive proxy statement, as it contains important information. Pinnacle and certain other persons are deemed participants in the solicitation of proxies from stockholders in connection with the annual meeting of stockholders. Information concerning such participants is available in Pinnacle's definitive proxy statement. Stockholders may obtain, free of charge, copies of Pinnacle's definitive proxy statement and any other documents Pinnacle files with or furnishes to the Securities and Exchange Commission in connection with the annual meeting of stockholders at www.sec.gov by selecting "Search" at the top right and then typing "forgent" into the box asking for the Company Name, and through the following website: www.ourmaterials.com/pinnaclefund.
SOURCE Pinnacle Fund, LLLP
Source: PR Newswire
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