Financially Speaking… Integral Systems

Integral Systems, Inc. [NASDAQ-ISYS] has entered into a definitive stock repurchase agreement with Fursa Alternative Strategies, LLC to repurchase 1,064,972 shares of the Company’s common stock that Fursa beneficially owns on behalf of its affiliated investment funds and separately managed accounts over which it exercises discretionary authority at $22.00 per share. The repurchase represents 11 percent of the Company’s common stock outstanding and Fursa’s entire ownership interest in the Company. The Company will have 8,375,550 outstanding shares of common stock after the repurchase, which the Company expects to close in the near future. The Company will use a portion of its cash on hand to purchase the stock. As a result of this transaction, the Company expects increased earnings per share and will be revising its earnings per share estimates for the current fiscal year, concurrent with reporting the Company’s second quarter results in late April. Management is undergoing an extensive financial projection effort for the remainder of the fiscal year and the Company expects to continue its positive financial performance.

The Company also announced the resignation of William F. Harley III from the Company’s Board of Directors, which was effective on February 25, 2008. Mr. Harley is President and Chief Investment Officer of Fursa and stated in his resignation letter that he has no disagreements with the remaining board members—Lanham, Maryland