Johannesburg, South Africa (April 21, 2003) - Management of Softline Ltd., the South African parent of North American accounting software companies AccountMate and BusinessVision, proposed de-listing the company from the Johannesburg Stock Exchange and buying it themselves.
Company officials declined comment due to "nondisclosure" considerations. A news report in South Africa indicated that the company's future prospects look good, noting that Softline has posted healthy financial results recently. It quoted an investment analyst speculating that management is looking for a bargain by "trying to do this at the bottom of the cycle."
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