Angoss Consolidation Approved by Exchange - 5 for 1 Reverse Split to be Effective January 21, 2008

    TORONTO, Jan. 18 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V:
ANC) today confirmed the receipt of regulatory approvals for its proposed
common share consolidation plan (Share Consolidation Plan)
    Effective Monday, January 21, 2008, Angoss will continue trading under
its current symbol (ANC) with newly issued CUSIP reflecting post-consolidation
common shares. Based on currently available information this time, it is
estimated that after the consolidation there will be approximately
7.36 million common shares outstanding, versus the currently issued and
outstanding 40,995,000 common shares. The consolidation takes into account the
cancellation of approximately 4.2 million common shares by former shareholders
below the minimum 7,500 common shares threshold required for continued common
share ownership.
    Final numbers will be known as intermediaries complete analysis and
reporting of shareholders over the next two weeks. The cost of implementing
the share consolidation is expected to be below original estimates as a result
of market purchases of common shares by existing shareholders over the last
two months. The Company expects the reduction in the number of registered
shareholder accounts will be within the range of original estimates.
    Using price ranges in effect since original shareholder approval for the
Share Consolidation Plan received on January 3, 2008, such consolidation would
imply a post consolidation trading price for the Company's common shares in
the range of $0.89 to $1.34, based solely on the analysis of recent trading
ranges for the Company's common shares as detailed below.

                                         Trading Range Since January 3, 2008
                              Price         Low         Avg.         High
                          $    0.1800  $    0.1600  $    0.1950  $    0.2400
                           40,995,000   40,995,000   40,995,000   40,995,000
    Market Cap            $ 7,379,100  $ 6,559,200  $ 7,994,025  $ 9,838,800
    Estimated Post
     Consolidation Shares   7,360,000    7,360,000    7,360,000    7,360,000
    Implied Post
     Consolidation Price  $      1.00  $      0.89  $      1.07  $      1.34


    The above table includes historical information for comparative purposes
only and does not imply any future price or price trading range, which will be
determined solely based on purchases and sales of shares as effected through
the facilities of the exchange. Complete details with respect to the final
number of issued and outstanding common shares and associated costs will be
provided with the release of the Company's fourth quarter and annual results.

    Angoss Software empowers people to make "Better Business Decisions.
Every Day."(TM)

    Some of the world's leading financial services, telecom, life sciences,
and retail organizations use Angoss predictive analytics software and services
to grow revenues, while reducing risk and cost. Angoss helps our clients
utilize business data to discover the key drivers of behavior, predict future
trends and events, and act with confidence when making business decisions.
    Angoss combines powerful market proven software with focused industry
services expertise in the deployment, integration and use of predictive
analytics in enterprise environments. Our differentiators include broad user
acceptance, a commitment to open standards, rich functionality, rapid
deployment, exceptional ease-of-use and affordability.
    Headquartered in Toronto Canada, Angoss has offices in the UK and
Australia and partners with the world's leading enterprise software and
services vendors. For more information, visit

    This press release contains statements of a forward-looking nature. These
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. The accuracy of these statements may
be impacted by a number of business risks and uncertainties that could cause
actual results to differ materially from those projected or anticipated,
including: the risk that the sale of our products and services involves a long
sales cycle; the risk that the economic environment and business conditions
will remain difficult to predict; the risk of competition in our target
markets; the risk that we may not respond adequately to evolving technologies;
the risk that we or our customers may have difficulties in introducing our
products or services; the risk that we will encounter difficulties in
continuing to offer services; the risk that we will encounter difficulties in
integrating the operations of acquired companies with our own; the risks of
conducting our operations in a variety of international locations; the risk
that we may need to record future write-downs of assets arising from our
investments in other companies; the risks relating to the costs that we may
incur as a result of litigation against us; and other risks described in our
filings with securities regulatory authorities, including our annual reports,
interim financial statements and similar disclosure documents. Angoss Software
does not undertake any obligation to update this forward-looking information
after the date of its initial publication, except as required under applicable

    Note: The Toronto Venture Exchange has neither approved nor disapproved
    the above information.

For further information:

For further information: Lon Vining, Chief Financial Officer, (416)

Organization Profile

Angoss Software Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890