Earnings Call Excerpt
Asure Software (ASUR)
F3Q08 Earnings Call
June 17, 2008 11:00 am ET
Executives
Richard N. Snyder – Chairman and Chief Executive Officer
Nancy Harris – Senior Vice President of Operations and Chief Operating Officer
Jay Peterson – Vice President and Chief Financial Officer
Analysts
Richard W. West – J.M. Dutton & Associates
Presentation
Operator
Welcome to the third quarter 2008 Asure Software earnings conference call. (Operator Instructions) I’d now like to turn the call over to Lisa Flynn from Asure Software.
Lisa Flynn
Welcome everyone to Asure Software’s conference call. Before we start, I’d like to mention that some of the statements made by management during this call might include projections, estimates, and other forward-looking information. This will include any discussion of the company’s business outlook. These particular forward-looking statements and all of the statements that may be made on this call that are not historical are subject to a number of risks and uncertainties that could affect their outcome.
You are urged to consider the risk factors relating to the company’s business contained in our latest periodic report on file with the Securities and Exchange Commission. These risk factors are important and they could cause actual results to differ materially. This call is also being recorded on behalf of Asure Software and is copyrighted material. It cannot be recorded or re-broadcast without the company’s expressed permission and your participation implies consent to the call’s recording.
After we’ve completed our review of the quarter, we’ll open up the call for questions from the financial analyst community. I would now like to turn the call over to Richard Snyder, Chairman and Chief Executive Officer of Asure Software.
Richard N. Snyder
Good morning and welcome to Asure Software’s fiscal ’08 third quarter conference call. With me this morning is Nancy Harris, Vice President and Chief Operating Officer who is responsible for day-to-day tactical execution of the business, and Jay Peterson, our VP and Chief Financial Officer. I will report to you on the state and the health of the overall business, and then Nancy and Jay will give you more details of the results of Quarter 3.
This is the second full quarter of operations as Asure Software, which is the combination of the NetSimplicity division and the acquisition of iEmployee in October 2007. These transactions seemed to take more time to complete than expected, but the integration has been successful and is essentially complete. We now have a single lean organization that is focused on a specific mission, and that is to empower small and medium-sized organizations and divisions of large enterprises to operate more efficiently, increase worker productivity, and reduce cost through a suite of on-demand workforce management software and services focused on employee self-service.
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