Allen Systems Group, Inc. http://www.alacrastore.com/company-snapshot/Allen_Systems_Group_Inc-2520160 Saturday, August 30, 2008 9:20:25 AM 2520160 Allen Systems Group, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_157106_820290261moodys/PR_157106_820290261htmlGlobal Credit Research Rating Action ## JUN #### Rating Action: Allen Systems Group, Inc. Moody's places Allen Systems' ratings on review for possible downgrade Approximately $### million of debt affected New York, June ##, #### --...6/11/2008 12:30:16 AMhtmlAllen Systems Group, Inc.Allen Systems Group, Inc.820290261150.0000NewsRating ActionPR_157106_820290261Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652481spcred/652481normThe latest News from S&Pglobal6/5/2008 6:24:58 PM100News652481United StatesIT Consulting & Other ServicesUnited StatesGlobal IssuersCorporationsHigh TechnologyNewsNEW YORK (Standard&Poor's) June 5, 2008--Standard&Poor's Ratings Services said today it placed its 'B' corporate credit and bank loan ratings on Naples, Fla.-based Allen Systems Group Inc. (ASG) on CreditWatch with negative implications. The CreditWatch listing follows the company's failure to meet the deadline to make its audited 2007 annual and unaudited March-quarter financial statements available to lenders. We will continue to monitor management's progress toward meeting its financial disclosure requirements. "If ASG maintains its operating and leverage trends and has no material restatements or reclassifications, we would expect to affirm our ratings and assign a stable outlook," said Standard&Poor's credit analyst Joseph Spence.USA45102010 451020 4510 45Allen Systems Group Inc.364977USA2138484ZNEWSGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652482spcred/652482normThe latest Research Update from S&Pglobal6/5/2008 6:24:00 PM175Research Update652482United StatesIT Consulting & Other ServicesUnited StatesGlobal IssuersCorporationsHigh TechnologyResearch UpdateOn June 5, 2008, Standard&Poor's Ratings Services placed its 'B' corporate credit and bank loan ratings on Naples, Fla.-based Allen Systems Group Inc. (ASG) on CreditWatch with negative implications. The CreditWatch listing follows the company's failure to meet the deadline to make its audited 2007 annual and unaudited March-quarter financial statements available to lenders. We will continue to monitor management's progress toward meeting its financial disclosure requirements. If ASG maintains its operating and leverage trends and has no material restatements or reclassifications, we would expect to affirm our ratings and assign a stable outlook. CreditWatch Action To From Allen Systems Group Inc. Corporate Credit Rating B/Watch Neg/-- B/Stable/-- Senior Secured B/Watch Neg BUSA45102010 451020 4510 45Allen Systems Group Inc.364977USA2138484ZRESUPDGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/618909spcred/618909normThe latest Summary from S&P12/11/2007 1:21:45 PMSummary175global618909United StatesUnited StatesGlobal IssuersCorporationsHigh TechnologySummaryThe ratings reflect Naples, Fla.-based Allen Systems Group, Inc.'s (ASG) currently modest EBITDA base, acquisitive growth strategy, and leveraged financial profile. These factors are partly offset by ASG's diversified customer base, a significant level of recurring revenues, and expanded product set. ASG is a relatively small player in the approximately $7 billion enterprise management software solutions market. Enterprise management software is designed to help customers improve the management and efficiency of increasingly complex IT operations, from network and computing infrastructure to software applications. ASG has a global presence (more than 40% of revenues come from international customers), with no material industry or customer concentrations. The recent acquisition of Mobius Management Systems Inc. expanded ASG's suite of software products and isUSAAllen Systems Group Inc.364977USASUMMARYGLOBISSCORPHighCredit & Investment ResearchS&P Credit Research