The Descartes Systems Group Inc.

The Descartes Systems Group Inc.

May 03, 2007 07:30 ET

Descartes Sets Date to Announce First Quarter Fiscal Year 2008 Financial Results

WATERLOO, ONTARIO--(CCNMatthews - May 3, 2007) - Descartes Systems Group (TSX:DSG)(NASDAQ:DSGX), a global on-demand software-as-a-service (SaaS) logistics solutions provider, is scheduled to report its first quarter fiscal year 2008 financial results before market open on Thursday, May 24, 2007.

Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 8:00 a.m. EST on May 24. Designated numbers are (800) 737-8106 for North America or (212) 271-4566 for International.

The company simultaneously will conduct an audio webcast on the Descartes Web site at Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand.

Replays of the conference call will be available in two formats and accessible for 24 hours after the call's completion by dialing (800) 558-5253 or (416) 626-4100 and using passcode number 21337543. An archived replay of the webcast will be available at

Annual and Special Meeting of Shareholders

Descartes' annual and special meeting of shareholders will take place on Thursday, May 24, 2007 at 1:00 p.m. EST at the offices of Blake, Cassels & Graydon LLP, 199 Bay Street, Suite 2300, Commerce Court West, Toronto, Ontario, Canada.

In addition to the election of directors and the re-appointment of auditors, shareholders will be asked to vote on certain administrative amendments to Descartes' stock option plans. Details regarding these amendments, as well as the voting instructions for both registered and non-registered shareholders, may be found in the management information circular, a copy of which is available at

About Descartes

Descartes (TSX:DSG) (NASDAQ:DSGX), a leading provider of software-as-a-service (SaaS) logistics solutions, is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes' logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based 'nano' sized applications to provide messaging services between logistics trading partners, "book-to-bill" services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes' customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Our hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has over 300 employees and is based in Waterloo, Ontario, with operations in Atlanta, Pittsburgh, Ottawa, Washington DC, Derby, Stockholm, Shanghai, Singapore and Melbourne. For more information, visit

This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to the timing of Descartes' announcements of its financial results for the first quarter of fiscal 2008 and the timing of Descartes' annual and special meeting of shareholders and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, rescheduling or the release of financial results, adjournment or rescheduling of the annual and special meeting of shareholders and the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.

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