Definitive Proxy Materials filed with the SEC and mailed to Stockholders
LOWELL, Mass. — (BUSINESS WIRE) — September 30, 2013 — SofTech, Inc. (OTCQB: SOFT), a proven provider of Product Lifecycle Management (PLM) solutions today announced that it will hold a Special Meeting of its stockholders on October 9, 2013 commencing at 10:00AM at its offices located at 59 Lowes Way, Lowell, MA 01851 to consider and vote upon the previously announced proposal to sell its CADRA product line (see press release dated September 3, 2013). Shareholders of record at the close of business on September 6, 2013, the record date for the Special Meeting, will be entitled to vote on the proposed sale. On September 30, 2013, a definitive proxy statement relating to the proposed sale was filed with the Securities and Exchange Commission (“SEC”) and proxy materials were mailed to shareholders that are entitled to vote. SofTech shareholders are encouraged to read the definitive proxy materials in their entirety as they provide important information regarding the transaction and to promptly complete and return the proxy card enclosed with the mailed proxy materials or to attend the Special Meeting and vote in person.
About SofTech
SofTech (OTCQB:
SOFT) is a proven provider of
engineering software solutions with its ProductCenter® PLM
(product lifecycle management) technology and its computer-aided design
product CADRA® offering. Our solutions accelerate product development,
introduction and profitability by fostering innovation, extended
enterprise collaboration, product quality improvements, and compressed
time-to-market cycles. We deliver enterprise PLM solutions, with
comprehensive out-of-the-box capabilities, to meet the needs of
manufacturers of all sizes quickly and cost-effectively. For more
information, please visit
www.softech.com.
Additional Information and Where to Find It
This
communication may be deemed to be a solicitation of proxies from the
Company’s stockholders in connection with the proposed asset sale. In
connection with the proposed asset sale, the Company has filed a
definitive proxy statement and relevant documents with respect to the
Special Meeting to be held in connection with the proposed transactions
with the SEC. Shareholders of the Company are urged to read the proxy
statement and any other relevant documents filed with the SEC because
they contain important information about the Company, Mentor Graphics
Corporation and the proposed asset sale. The proxy statement and any
other documents filed by the Company with the SEC may be obtained free
of charge at the SEC’s website at
www.sec.gov.
In addition, investors and security holders may obtain free copies of
the documents filed with the SEC by the Company by sending a written
request to SofTech, Inc., Attn: Corporate Secretary, 59 Lowes Way, Suite
401, Lowell, Massachusetts 01851 or by calling the Company at
(978)513-2700. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND
THE OTHER RELEVANT MATERIALS BEFORE MAKING ANY VOTING OR INVESTMENT
DECISION WITH RESPECT TO THE PROPOSED ASSET SALE.
Participants in the Solicitation
The Company and its
directors and executive officers may, under SEC rules, be deemed to be
participants in the solicitation of proxies from the Company’s
stockholders in connection with the proposed asset sale. Information
about the directors and executive officers, including their interests in
the transaction, are included in the Company’s proxy statement relating
to the proposed transactions.
Contact:
SofTech, Inc.
Joseph P. Mullaney, 978-513-2700
President &
Chief Executive Officer
