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2/9/2010

Selectica Announces Reverse Stock Split

SAN JOSE, Calif., February 9, 2010 -- Selectica (NASDAQ: SLTC), a leading provider of contract lifecycle management and sales configuration solutions, today announced that its Board of Directors has approved a one-for-twenty reverse stock split of Selectica common stock. The company anticipates the reverse stock split will be effective on or about February 24, 2010. Implementing the reverse stock split is intended to bring the company in compliance with NASDAQ Listing Rules related to the minimum trading price of the company’s common stock.
 
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About Selectica: Selectica (NASDAQ: SLTC) provides Global 2000 companies with cloud software solutions that help them close business faster, with higher margins and lower risk. More than 100,000 users rely on Selectica applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management to streamline their sales operations and process over one million new contracts annually. Selectica solutions are used by leaders in technology, healthcare, government contracting, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications.