Date: Mon, 29 Dec 1997 21:05:23 GMT Server: NCSA/1.5 Content-type: text/html Last-modified: Mon, 25 Aug 1997 18:44:49 GMT Content-length: 5652 Integral Systems: Three-For-One Stock Split Completed

FOR IMMEDIATE RELEASE

July 1, 1997

 

CONTACT:

Steve Carchedi Doug Poretz or
Vice President Karen Vahouny
Integral Systems, Inc. Phone: 703-506-1778
Tel: 301-731-4233, ext. 160 Internet:doug@poretz.com
Fax: 301-731-9606 (Investor Relations)
Internet: carchedi@integ.com
Web: http://www.integ.com

Integral Systems Completes 3-For-1 Stock Split


Lanham, MD, July 1, 1997 – Integral Systems, Inc. (NASDAQ: ISYS) announced the consummation of a 3-for-1 stock split to all shareholders of record as of today, July 1, 1997. The stock split was previously approved by ISI's shareholders at the company's annual meeting in early June 1997.

Under the stock split, every shareholder of record as of July 1, 1997 will receive an additional two shares of the Company's common stock for every one share of common stock held. The company anticipates that the additional shares resulting from the split will be made available to shareholders (in book entry form) on or about July 15, 1997.

Following the stock split, the total number of shares of the Company's common stock outstanding will be 2,859,738, compared to 953,246 shares outstanding prior to the split. The company's shares are traded on NASDAQ under the symbol "ISYS".

Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported over 70 different satellite missions for communications, science, meteorological and earth resource applications. The Company continues to enhance its current position in government and commercial marketplaces by offering innovative software products and custom services for ground system development and integration. Integral Systems’ EPOCH 2000 software product, the world’s first commercial-off-the-shelf satellite command and control software package, is now being used by customers throughout the world. The Orbit Analysis System (OASYS) module of EPOCH 2000 also is sold as a stand-alone product and allows operators to perform satellite orbit determination and control. In addition to these products, the Company provides systems for satellite payload processing, simulation and environmental monitoring. Revenues were $11.2 million in 1996, with more than 100 employees working at company headquarters in Lanham, Maryland, and at other U.S. locations.


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Phone: (301) 731-4233* Fax: (301) 731-9606
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