MAM Software Group, Inc. Effects Reverse/Forward Stock Split
BARNSLEY, England--March 25, 2011: MAM Software Group, Inc. (OTC Bulletin Board: MAMSD), a software, information, and related services company in the automotive aftermarket sector, has effected a decrease of our issued and outstanding common stock, in the form of a reverse stock-split, on a one-for-100 (1:100) basis, followed immediately by a forward stock-split, on a ten-for-one (10:1) basis, as of the opening of trading on March 25, 2011. Holders of less than one share after the reverse split will be paid cash in exchange for their fractional shares. One whole share will be issued in place of each fractional share that results from the forward split.
To reflect the reverse stock split, the Company's stock symbol was appended with the fifth character "D" and will be quoted under the symbol "MAMSD" until approximately April 22, 2011. During that time, the Company's Common Stock will continue to be quoted on Over-The-Counter Bulletin Board. After this period, the symbol will revert to "MAMS."