ACD Systems International Inc.
TSX : ASA

ACD Systems International Inc.

August 30, 2005 20:00 ET

ACD Systems International Inc. Announces Normal Course Issuer Bid

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Aug. 30, 2005) - ACD Systems International Inc. (the "Corporation") (TSX:ASA) announces that, subject to regulatory approval, it intends to carry out a normal course issuer bid (the "Bid") commencing on September 1, 2005 and ending on August 31, 2006. The Corporation intends to acquire for cash and for return to treasury up to 1,149,432 common shares of the Corporation ("Common Shares") or 5% of the 22,988,657 currently issued and outstanding Common Shares.

Under the Bid the Corporation will acquire, from time to time, its Common Shares for cash through the facilities of The Toronto Stock Exchange. The Corporation has established a trading account with a member firm of the Toronto Stock Exchange for this purpose. For any particular trade, the Corporation will not purchase Common Shares at a price higher than the price of the immediately preceding trade on the open market by independent parties. The Common Shares that the Corporation intends to acquire pursuant to the Bid will be cancelled.

In the view of the Directors of the Corporation, the current market price of the Common Shares does not reflect the inherent value of the Corporation. Therefore, it is deemed to be in the best interests of the shareholders and an appropriate use of the Corporation's funds to conduct the Bid as disclosed herein. In the last twelve months a total of 873,000 Common Shares were purchased pursuant to a previous normal course issuer bid. Purchases occurred between September 8, 2004 to August 15, 2005 at an average price of $1.06.

About ACD Systems

Headquartered in British Columbia since 1993, ACD Systems International Inc. (TSX:ASA) is one of the world's leading developers and marketers of digital imaging software, including the renowned ACDSee photo management tool and Canvas, an advanced cross-platform technical illustration and graphics program. ACD has delivered value to a global marketplace through Internet distribution and through partnerships with manufacturers and developers. ACD has millions of consumer and business users, and over 33,000 corporate customers including many Fortune 500 companies. For further details, please visit us at our corporate web site: www.ACDSYSTEMS.com.

ACD, ACD Systems, ACDSee, and FotoSlate are trademarks or registered trademarks of ACD Systems Ltd. in Canada, the United States, or certain other jurisdictions. Trademarks of ACD Systems Ltd. are used under license by ACD Systems of America, Inc. Canvas is a trademark or registered trademark of ACD Systems of America, Inc. in Canada, the United States, or certain other jurisdictions. Trademarks of ACD Systems of America, Inc. are used under license by ACD Systems Ltd.

This news release may contain forward-looking statements based on the estimates and opinions of management at the date the statements were made and the company undertakes no obligation to update forward-looking statements if conditions or opinions should change.


Neither The Toronto Stock Exchange nor any other regulatory bodies have reviewed this news release and they neither approve nor disapprove of the contents of this news release.

Contact Information

  • ACD Systems International Inc. - Media
    James Latham
    Vice President, Marketing
    (250) 544-6700
    (250) 544-0291 (FAX)
    pr@acdsystems.com
    or
    ACD Systems International Inc. - Investors
    Martin Winstanley
    Corporate Affairs
    (250) 544-6700
    (250) 544-0291 (FAX)
    ir@acdsystems.com
    www.ACDSYSTEMS.com