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________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 10, 1998
_________________________
AMERICAN SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Georgia 0-12456 58-1098795
(State or other jurisdiction of (Commission (I.R.S.Employer
incorporation or organization) File Number) Identification No.)
470 East Paces Ferry Road, N.E.
Atlanta, Georgia 30305
(Address of principal executive offices, including Zip Code)
404/261-4381
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Exhibit Index on Page 3
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Item 5. Other Events.
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See attached Exhibit 99.1 for a copy of a press release announcing the
acquisition of a majority of ownership interest in New Generation
Computing, Inc., a Florida corporation.
Item 7. Financial Statements and Exhibits.
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(c) Exhibit:
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99.1 Press Release dated July 13, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN SOFTWARE, INC.
(Registrant)
Date: July 14, 1998 By: /s/ Vincent C. Klinges
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Name and Title: Vincent C. Klinges,
Principal Accounting Officer and Acting
Principal Financial Officer
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EXHIBIT INDEX
Description Page
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99.1 Press Release dated July 13, 1998. 4
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EXHIBIT 99.1
AMERICAN SOFTWARE TO ACQUIRE MAJORITY INTEREST IN NEW GENERATION COMPUTING
July 13, 1998 10:06 AM EDT
AMERICAN SOFTWARE EXPANDING INTO SEWN GOODS INDUSTRY
ATLANTA, July 13 /PR Newswire/ -- Effective July 10, American Software (Nasdaq:
AMSWA) has acquired a majority interest in New Generation Computing, which
specializes in accounting and manufacturing control software for the sewn goods
industry (apparel, handbags, shoes, hats, etc.).
The purchase of the majority interest in the Miami Lakes, Florida-based firm is
part of a drive to expand American Software's presence in vertical markets
requiring enterprise integration and automation. Existing management is expected
to remain in place at New Generation Computing (NGC), whose 250 installed
customers include William Carter, one of the world's leading manufacturers of
children's apparel, and HartMarx, a leading provider of men's clothing.
"We are very excited about working with New Generation Computing and its
customers. Their industry knowledge and strong relationships with worldwide
companies are an important part of our growth plans," said James C. Edenfield,
president and chief executive officer of American Software. "We will continue to
focus on strategic acquisitions that can strengthen our influence in markets
throughout the world."
New Generation Computing is primarily noted for its NGC Visual ERP 2000 suite of
products:
-- AMAS (Apparel Management Accounting System) is a comprehensive ERP
system which handles sales, distribution, finance, production
planning, accounting and more. Optimized for sewn goods companies,
AMAS can handle made-to-order, build to stock, imported finished
goods, "807"/NAFTA or a combination.
-- TPM (The Production Manager) is a multi-lingual shop floor control
system that tracks employee performance, payroll, and work-in-
process, and assists with plant loading, resource planning, and
more. It is available as a stand-alone package or integrated with
AMAS.
-- OMS (Offshore Manufacturing System) is designed for U.S.-based
apparel companies with world-wide production facilities. Widely
used throughout Latin American and Mexico, OMS provides shipment
control, plant-level production control, inventory management,
Internet reporting, and EDI.
"The rapid and large scale expansion of U.S. apparel production to Latin
America, the Caribbean and Mexico requires specialized software adapted for each
country," said Alan Brooks, president of NGC.
The New Generation Computing product line will complement American Software's
existing manufacturing products: Intelliprise, a pre-packaged enterprise
resource management solution, and Flow, software that supports demand-based
production.
Established in 1982, New Generation Computing, Inc. has earned a reputation for
excellence in the sewn goods industry. It is a member of the American Apparel
Manufacturers Association (AAMA), Textile Clothing and Technology Center (TC2),
South Eastern Manufacturers Association (SEAMS), and the American Apparel
Contractors Association (AACA).
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Based in Atlanta, American Software develops, markets and supports the
industry's most comprehensive offering of integrated business applications,
including enterprise-wide solutions, and financial and manufacturing packages.
American Software provides products and services to customers worldwide,
including Panasonic, Harley Davidson, Bausch & Lomb, Avondale Mills, Sara Lee,
3M Australia, Quaker Oats Canada and British Telecom.
For more information, contact: American Software: 470 E. Paces Ferry Rd.,
Atlanta, GA 30305; 404-261-4381; Fax: 404-264-5206; Home page:
www.amsoftware.com. SOURCE American Software.
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