Broadway & Seymour Inc. Elects Board Members and Changes Name to Elite Information Group Inc.LOS ANGELES--(BUSINESS WIRE)--May 27, 1999-- Broadway & Seymour Inc. (Nasdaq:BSIS BSIS Bureau of Security and Investigative Services (California, USA) BSIS Battlefield Strategic Information System ) announced that at its annual stockholders' meeting held Thursday, shareholders approved a change in the corporate name from Broadway & Seymour Inc. to Elite Information Group Inc. The newly renamed company will trade as a National Market Issue on the NASDAQ under the trading symbol Trading symbol See: Ticker symbol ELTE ELTE Eötvös Loránd University (Budapest, Hungary) ELTE El Camino Real de los Tejas National Historic Trail (US National Park Service) ELTE Ethernet Line Termination Equipment . This change is effective immediately and reflects the company's renewed focus on the legal and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. market through Elite Information Systems, its primary operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon . Additionally, the company will be issued a new CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. to reflect the name change. In other news, shareholders elected Alan Rich, non-employee chairman and co-founder of Elite Information Systems and Arthur G. Epker, III, vice president of PAR Capital Management Inc., the company's major shareholder, to its board of directors to serve three year terms. Rich and Epker fill seats left vacant by Robert Kelly and George McTavish, whose terms had expired. Elite Information Group, through its Elite Information Systems subsidiary, provides a comprehensive suite of financial and practice-management applications for law firms and other professional service organizations of all sizes. Note: This news release may contain certain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that represent the company's expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Factors that could influence the matters discussed in certain forward-looking statements include the timing and amount of revenue that may be recognized by the company, continuation of current expense trends, absence of unforeseen changes in the company's markets, continued acceptance of the company's services and products and general changes in the economy. These factors of risk are also detailed from time to time in the company's SEC report, including the Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1998, and the annual report to shareholders. Actual results may vary materially. |
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