Crescendo Investments II, LLC

August 23, 2005 14:28 ET

Crescendo Mails Dissident Proxy Materials In Respect Of Geac Computer Corporation's Annual Meeting To Be Held On September 13, 2005

NEW YORK, NEW YORK--(CCNMatthews - Aug. 23, 2005) - Crescendo Investments II, LLC ("Crescendo Investments") on behalf of Crescendo Partners II, L.P., Series F ("Crescendo Partners"), mailed proxy materials today to shareholders of Geac Computer Corporation Limited ("Geac") in connection with Geac's upcoming Annual General Meeting scheduled to be held on September 13, 2005.

Eric Rosenfeld, President of Crescendo Partners said "Shareholders are urged to support our nominees, who are committed to the interests of shareholders and will critically review any acquisition in order to protect shareholder value. Our nominees will also encourage the hiring of an investment bank by Geac to explore all available options to increase shareholder value".

Crescendo Partners' nominees are Mr. Rosenfeld and Mr. Dennis J. Conroy. Mr Rosenfeld is the President of Crescendo Partners and Mr. Conroy is a private investor and former senior executive in the information technology industry. Their biographies are included in the proxy material mailed today and filed on SEDAR.

Previously, Crescendo Partners' had indicated that Mr. Gerry Smith would act as one of its nominees. Due to a conflict of which he was not previously aware, Mr. Smith will no longer act as a nominee director of Crescendo Partners for election at the meeting.

Shareholders who have previously returned a proxy in support of management may vote in favour of Crescendo Partners' nominees by signing, dating and returning a GOLD proxy to Innisfree M&A Incorporated, Crescendo Partners' proxy solicitor. Only the latest dated proxy counts.

Innisfree must receive GOLD proxies prior to 5:00p.m. (Toronto time) on Thursday, September 8, 2005 in order for them to be used at Geac's annual general meeting. Shareholders who need assistance voting their shares may call toll-free at 1-877-825-8772 (English speakers) or 1-877-825-8777 (French speakers). (Banks and brokers may call collect at 212-750-5833.)

Crescendo Partners' proxy circular is available through the SEDAR website at www.sedar.com.

Cautionary Note Regarding Forward Looking Statements:

This press release contains forward-looking statements of Crescendo Investments' intentions, beliefs, expectations and predictions for the future. These forward-looking statements often include use of the future tense with words such as "will," "may," "intends," "anticipates," "expects" and similar conditional or forward-looking words and phrases. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected. Investors are cautioned not to place undue reliance on these forward-looking statements. Crescendo Investments undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

Contact Information

  • Crescendo Partners
    Eric Rosenfeld - President, Chief Executive Officer and
    Managing Member of Crescendo Investments
    (212) 319-7676
    or
    Innisfree M&A Incorporated
    Alan Miller
    Co-Chairman, Managing Director
    (212) 750-5831