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Satnews Daily
August 2nd, 2009

Financially Speaking... Integral Systems, Inc...


Integral Systems logo Integral Systems, Inc., (Nasdaq: ISYS) has reached a settlement with the Securities and Exchange Commission ("SEC") concerning the SEC's previously disclosed investigation, as more fully described in the Company's 2008 Form 10-K and other periodic filings.

Under the settlement, the Company consented to a "cease and desist" order requiring future compliance with certain provisions of Federal securities laws and regulations. The settlement does not require the Company to pay a monetary penalty and concludes the SEC's investigation into these matters with respect to the Company. In the order, the SEC stated that in determining to accept the settlement, it considered both remediation efforts undertaken by and cooperation from the Company. "We are pleased with the resolution of the SEC investigation as it relates to Integral Systems," said Integral Systems CEO, John Higginbotham. "We are putting this matter behind us and are focused on the Company's future growth and success."