-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001102624-10-000052.txt : 20100210
<SEC-HEADER>0001102624-10-000052.hdr.sgml : 20100210
<ACCEPTANCE-DATETIME>20100210080530
ACCESSION NUMBER:		0001102624-10-000052
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100210
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100210
DATE AS OF CHANGE:		20100210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASURE SOFTWARE INC
		CENTRAL INDEX KEY:			0000884144
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				742415696
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34522
		FILM NUMBER:		10586218

	BUSINESS ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746
		BUSINESS PHONE:		5124372700

	MAIL ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORGENT NETWORKS  INC
		DATE OF NAME CHANGE:	20020215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VTEL CORP
		DATE OF NAME CHANGE:	19960401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIDEO TELECOM CORP
		DATE OF NAME CHANGE:	19960401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>asuresoftwareinc8k.htm
<DESCRIPTION>ASURE SOFTWARE 8-K
<TEXT>
<table cellpadding="3" border="0" cellspacing="0" width="100%">
<tr><td>
</td></tr>
</table>
<center>
<table border=0 cellpadding=3 cellspacing=0>
<tr><td align="center"><br><br>
<B>UNITED STATES</B><br>
<B>SECURITIES AND EXCHANGE COMMISSION</B><br>
Washington, D.C. 20549<p>
<hr size=1>
<p><b>FORM 8-K<p>
CURRENT REPORT
<p>
Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934
</td>
</tr>
</table>
<p>
<b>
<table border=0 cellpadding=0 cellspacing=0>
<tr><td colspan=5 align=center>
<b>Date of Report: February  10, 2010</b><br>
(Date of earliest event reported)<br><br>
</td></tr>
<tr><td colspan=5 align=center>
<b>Asure Software, Inc.</b><br>
(Exact name of registrant as specified in its charter)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align=center colspan=2 width="40%" valign="top">
<b>Delaware</b><br>
(State or other jurisdiction <br>of incorporation)
</td>
<td align=center width="20%" valign="top">
<b>0-20008</b><br>
(Commission File Number)
</td>
<td align=center colspan=2 width="40%" valign="top">
<b>74-2415696</b><br>
(IRS Employer <br>Identification Number)
</td>
</tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align="center" colspan=2>
<b>108 Wild Basin Rd</b><br>
(Address of principal executive offices)
</td>
<td>&nbsp;</td>
<td align="center" colspan=2>
<b>78746</b><br>
(Zip Code)
</td>
</tr>
<tr><td colspan=5 align=center><br>
<b>512-437-2700</b><br>(Registrant's telephone number, including area code)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr><td colspan=5 align=center>
<b>Forgent Networks, Inc.</b><br>(Former Name or Former Address, if changed since last report)<br>
</td></tr>
</table>
</center>
<br><br>
</b>
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br>
<dl>
 <dd><font face="wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
 <dd><font face="wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  <br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  <br>
</dl>
<hr size=1>
<table width=100%>
<tr><td width="100%">
<b>Item 2.02. Results of Operations and Financial Condition</b></b><br>
<br>
Asure Software Announces 2Q 2010 Financial Results.
<p>
<b>Item 9.01. Financial Statements and Exhibits</b></b><br />
<br>
Press Release: Asure Software Announces 2Q 2010 Financial Results.
<p>
<b>(a) Financial statements:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(b) Pro forma financial information:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(c) Shell company transactions:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(d) Exhibits</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="asuresoftwareinc8k5.htm">Press Release of Asure Software, Inc. dated February  10, 2010</a></b>
<br>
<p>
<hr size=1>
<b><center>SIGNATURE</center></b>
<p>
&nbsp; &nbsp; &nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
              signed on its behalf by the undersigned hereunto duly authorized.<p>
</td></tr>
</table>
<br>
<table border="0" width="100%">
<tr>
<td width="50%" valign=top>
Dated: February  10, 2010<br>
</td>
<td>
<b>ASURE SOFTWARE, INC.</b>
<p>
By: <u>&nbsp;/s/ David Scoglio &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;David Scoglio<br>
&nbsp; &nbsp; &nbsp;<i>Chief Financial Officer</i><br>
</td></tr>
</table>
<hr>
<center>
<table border=0 width="100%">
<tr><td colspan=2>
<center><b>Exhibit Index</b></center>
</td>
</tr>
<tr>
<td width=50% align=center><b><u>Exhibit No.</u></b></td>
<td width=50% align=center><b><u>Description</u></b></td>
</tr>
<tr>
<td align=center>99.1</td>
<td align=center>Press Release of Asure Software, Inc. dated February  10, 2010</td>
</tr>
</table>
</center>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>asuresoftwareinc8k5.htm
<DESCRIPTION>ASURE SOFTWARE PRESS RELEASE
<TEXT>

<p></p>
<b>Asure Software Reports Positive Results for Two-Month Stub Period Ending December 31, 2009; Results Include 14% Revenue Growth, Positive EBITDA and Net Income; Turn-Around Remains on Track </b>
<p>AUSTIN, TX -- (Marketwire - February  10, 2010) -  Asure Software, Inc. (NASDAQ: ASUR), a leading
provider of workforce management software, today announced financial
results for the fiscal second quarter 2010, ended December 31, 2009.  The
Fiscal second quarter is a short period consisting of the two months of
November and December, 2009.  As of January 1, 2010, Asure switched to
calendar year reporting and its next fiscal quarter will close on March 31,
2010.
</p>
<p>
Q2 Highlights:
</p>
<p>
<pre>
- --  Revenue growth of $0.2M, 14%, over November/December 2008; or $0.3M,
    20%, excluding the divested Visual Asset Manager (VAM) product revenue
    in November/December 2008. Revenue Growth was driven by hardware sales
    in both product lines, $0.2M, as well as growth in NetSimplicity's SaaS
    offering.
- --  EBITDA of $0.3M
      --  EBITDA is defined as operating income (earnings) before interest
          expense, income taxes, depreciation &amp; amortization
- --  Operating Income of $49K; or $0.02 per share, compared to a loss of
    ($0.9M) ($0.29) per share (split-adjusted), in November &amp; December
    2008; and previously published quarterly losses of ($1.5M)
    ($0.48)/share (split-adjusted), and ($5.3M) ($1.69)/share
    (split-adjusted), in fiscal Q1'10 and fiscal Q4'09 respectively.
    Operating income is comprised of the following components:
      --  Austin HQ excess lease impact, ($105K)
      --  Net onetime items, $264K
      --  Core business lines margin, ($110K)
- --  Operating Expenses were reduced by 49%, or ($1.1M) compared to
    November/December 2008 largely due to both headcount &amp; rate per head
    efficiencies ($0.3M), the net effect of one-time items, (0.3M), as well
    as other cost reductions. One-time items were driven by the
    renegotiation of certain outstanding payables deemed excessive by
    current management.
</pre>
</p>
<p>
Pat Goepel, Asure's Chief Executive Officer, remarked: "After two recent
difficult quarters, and almost 2 and a half years of unprofitable results,
we are beginning to make progress on turning this business around.  I am
pleased with the results of the short period of fiscal Q2'10 and confirm
that our upcoming calendar Q1, 2010 outlook is expected to be on target
with our previous estimates.  We are targeting positive EBITDA and
potentially breakeven operating income, excluding the negative impact of
the Austin headquarters lease arrangement."
</p>
<p>
Asure's newly appointed Chief Financial Officer, David Scoglio, added: "We
have substantially reduced overhead and are carefully investing in areas
that will support our revenue plan in the coming first quarter of the
calendar year 2010.  These investments will include strategic augmentation
of our sales force and enhancements to our products' features and
functionality.  This strategy, a keen focus on maintaining current levels
of fixed expenses and our momentum of 72% repetitive revenue from the
current period should propel us forward to achieving our profitability
goals of this calendar year 2010, in spite of a projected $1M in full year
excess lease expense ($1.5M cash).  Also notable, as we attain
profitability, we have significant Net Operating Losses carry forwards at
our disposal for up to 20 years, which we hope to utilize to create
shareholder value."
</p>
<p>
Pat Goepel continued, "In the short period of November &amp; December 2009,
Asure incurred $0.1M of expenses associated with its Austin lease.  As
discussed previously, Asure is actively pursuing options to improve this
arrangement, which would only help provide transparency into the
increasingly successful core businesses of Asure Software, Inc.  Asure's
Board of Directors and management team are committed to growing this
business by 20% year over year and achieving levels of 20% EBITDA by
calendar year end 2010."
</p>
<p>
Conference Call Details
</p>
<p>
Asure Software, Inc. has scheduled a conference call for Wednesday,
February 10, 2010 at 11:00 a.m. ET (10:00 a.m. CT) to discuss its most
recent financial results and outlook. Participating in the call will be Pat
Goepel, Chief Executive Officer.  To take part, please dial 800-299-7089
ten minutes before the conference call begins, ask for the Asure Software
event and use passcode 16877542. International callers should dial
617-801-9714 and reference the same passcode, 16877542.
</p>
<p>
Investors, analysts, media and the general public will also have the
opportunity to listen to the conference call in listen-only mode via the
Internet by visiting the investor relations page of Asure's web site at
www.asuresoftware.com. To monitor the live call, please visit the web site
at least 15 minutes early to register, download and install any necessary
audio software. For those who cannot listen to the live broadcast, an
archived replay will be available shortly after the call on the investor
relations page of the Company's web site at www.asuresoftware.com
</p>
<p>
About Asure Software, Inc.
</p>
<p>
Headquartered in Austin, Texas, Asure Software empowers small to mid-size
organizations and divisions of large enterprises to operate more
efficiently, increase worker productivity and reduce costs through a
comprehensive suite of on-demand workforce management software and
services. Asure's market-leading suite includes products that optimize
workforce time and attendance tracking, benefits enrollment and tracking,
pay stubs and W2 documentation, and room scheduling and resource
management. With additional offices in Warwick, Rhode Island, Vancouver,
British Columbia, and Mumbai, India, Asure serves 3,500 customers around
the world. For more information, please visit www.asuresoftware.com.
</p>
<p>
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding Asure's business which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. Such risks and uncertainties, which include those
associated with continued listing of the Company's securities on the NASDAQ
Capital Market, could cause actual results to differ from those contained
in the forward-looking statements.
</p>
<p>
<pre>
                         ASURE SOFTWARE, INC.
                 CONDENSED CONSOLIDATED BALANCE SHEETS
             (Amounts in thousands, except per share data)


                                                 December 31,   JULY 31,
                                                     2009         2009
                                                 (UNAUDITED)
ASSETS
Current Assets:
  Cash and equivalents                             $   2,263    $   4,375
  Short-term investments                                   0        5,339
  Accounts receivable, net of allowance for
   doubtful accounts of $34 and $20 at December 31,
   2009 and July 31, 2009, respectively                1,526        1,207
  Inventory                                               49            3
  Prepaid expenses and other current assets              213          143
                                                   ----------   ----------
     Total Current Assets                               4,051       11,067

Property and equipment, net                               581          672
Intangible assets, net                                  3,623        3,949
                                                   ----------   ----------
           Total Assets                            $    8,255   $   15,688
                                                   ==========   ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
  Accounts payable                                 $    1,039   $    6,294
  Accrued compensation and benefits                        79          278
  Lease impairment and advance                            562          899
  Other accrued liabilities                               411          541
  Deferred revenue                                      1,744        1,897
                                                   ----------   ----------
     Total Current Liabilities                          3,835        9,909

Long-Term Liabilities:
  Deferred revenue                                        134          119
  Lease impairment and advance                            196          250
  Other long-term obligations                             212          206
                                                   ----------   ----------
      Total Long-Term Liabilities                         542          575

Stockholders' Equity:
  Preferred stock, $.01 par value; 1,500 shares
   authorized; none issued or outstanding                  --           --
  Common stock, $.01 par value; 6,500 shares
   authorized; 3,375 and 3,290 shares issued;
   3,162 and 3,112 shares outstanding at
   December 31, 2009 and July 31, 2009,
   respectively                                           334          329
  Treasury stock at cost, 213 and 179 shares at
   December 31, 2009 and July 31, 2009,
   respectively                                        (4,907)      (4,815)
  Additional paid-in capital                          270,925      270,738
  Accumulated deficit                                (262,404)    (260,947)
  Accumulated other comprehensive income                  (70)        (101)
                                                   ----------   ----------
      Total Stockholders' Equity                        3,878        5,204
                                                   ----------   ----------
           Total Liabilities and Stockholders'
            Equity                                 $    8,255   $   15,688
                                                   ==========   ==========


                         ASURE SOFTWARE, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
            (Amounts in thousands, except per share data)


                                   FOR THE                 FOR THE
                              TWO MONTHS ENDED       FIVE MONTHS ENDED
                                 DECEMBER 31,            DECEMBER 31,
                               2009        2008        2009        2008
                            ----------  ----------  ----------  ----------
                                  (UNAUDITED)             (UNAUDITED)

Revenues                    $    1,679  $    1,467  $    4,000  $    4,259
Cost of Sales                     (435)       (294)       (914)       (858)
                            ----------  ----------  ----------  ----------
    Gross Margin                 1,244       1,173       3,086       3,401

OPERATING EXPENSES:
    Selling, general and
     administrative                797       1,857       3,537       5,036
    Research and development       264         343         676         904
    Amortization of
     intangible assets             100          99         249         248
                            ----------  ----------  ----------  ----------
      Total Operating
       Expenses                  1,161       2,299       4,462       6,188

INCOME (LOSS) FROM
 OPERATIONS                         83      (1,126)     (1,376)     (2,787)

OTHER INCOME AND (EXPENSES):
    Interest income                  2          25           9          80
    Foreign currency
     translation                   (15)        (19)        (46)        102
    Gain on sale of assets           0         250           0         250
    Interest expense and
     other                          (8)        (17)        (20)        (27)
                            ----------  ----------  ----------  ----------
      Total Other Income           (21)       (239)        (57)        405

INCOME (LOSS) FROM
 OPERATIONS, BEFORE INCOME
 TAXES                              62        (887)     (1,433)     (2,382)
Provision for income taxes         (13)          0         (25)        (25)
                            ----------  ----------  ----------  ----------
NET INCOME (LOSS)           $       49  $     (887) $   (1,458) $   (2,407)
                            ==========  ==========  ==========  ==========

BASIC AND DILUTED LOSS
 PER SHARE:
    Net income (loss) per
     share - basic          $     0.02  $    (0.29) $    (0.46) $    (0.77)
    Net income (loss) per
     share - diluted        $     0.02  $    (0.29) $    (0.46) $    (0.77)

WEIGHTED AVERAGE SHARES
 OUTSTANDING:
    Basic                        3,156       3,111       3,141       3,111
    Diluted                      3,162       3,111       3,141       3,111
</pre>

</p>
<pre>
CONTACTS:

Lisa Flynn
lisa_flynn@asuresoftware.com</a>

Pat Goepel
pat_goepel@asuresoftware.com</a>


</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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