Tecsys Inc.
TSX : TCS

Tecsys Inc.

May 25, 2011 14:44 ET

TECSYS Sells Its ABCP Holdings

MONTREAL, QUEBEC--(Marketwire - May 25, 2011) -TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software company announced today that it has sold on the open market and exercised a put option on all of its Assets-Backed Commercial Papers (ABCP) holdings that the Company had invested in since 2007, for total cash proceeds of $3,788,000 which will be used for its ongoing working capital needs.

The total cash proceeds from the transactions above and interest and principal repayments of $9,000 received since the end of Q3 fiscal year 2011 was equal to the carrying value of these ABCP holdings as reported at January 31st, 2011.

These transactions further strengthen the Company's working capital and current ratio.

About TECSYS

TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include more than 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2010. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).

Copyright © TECSYS Inc. 2011. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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