BARNSLEY, England, Jan. 13, 2014 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) (the "Company" or "MAM"), a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries, announced that it has engaged Hayden IR, a respected national investor relations firm, to raise the visibility of MAM Software and strengthen its relationships with the investment community.
"Our comprehensive software and technology platform has us well-positioned for future growth," said Michael Jamieson, chief executive officer of MAM Software. "With 14 consecutive profitable quarters under our belt, we continue to transition from a premise-based to a cloud-based offering, and expect another solid year."
"MAM Software recently entered into a strategic agreement with ALLDATA LLC, a subsidiary of AutoZone, Inc. to launch ALLDATA Manage™, an innovative cloud-based shop management system. We are extremely excited about this opportunity and others that we see in our sales pipeline. We believe it is an appropriate time to retain a national investor relations firm to help us target and expand our investor audience and ensure we are communicating effectively with the investment community. We look forward to working with the team of professionals at Hayden IR to execute this important goal," Mr Jamieson continued.
With offices in New York, Phoenix, Minneapolis and Seattle, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 200 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Brett Maas, Managing Partner of Hayden IR, added, "MAM Software represents a compelling opportunity as it continues to replicate its successful financial model in the UK here in North America. We believe that the company has a bright future ahead, and expect investors to be attracted to the company's exciting financial profile, which consists of a debt-free balance sheet, a high proportion of recurring revenues through its SaaS, DaaS and iPaaS delivery model, high customer retention rates, and a credible and validated growth plan. The team at Hayden IR looks forward to articulating this opportunity to the professional investment community."
About MAM Software Group, Inc.
MAM Software is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to intelligently manage core business processes, control costs and generate new profit opportunities. MAM's integrated platforms provide a wealth of rich functionality including: point-of-sale, inventory, purchasing, reporting, data and e-commerce. Wholesale, retail and installer business across North America, the U.K. and Ireland rely on MAM solutions, backed by dedicated teams of experienced service and support professionals. For further information, please visit http://www.mamsoftware.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE MAM Software Group, Inc.