Toronto Stock Exchange Symbol: SXC
Systems Xcellence Announces Amendment to Stock Option PlanMILTON, Ontario May 4, 2005, Systems Xcellence Inc., (“SXC” or the “Company”) (TSX: SXC) a leading provider of healthcare information technology solutions throughout the pharmaceutical supply chain, today announced that its Board of Directors has approved an amendment to the Company’s stock option plan. The amendment limits the number of shares issuable pursuant to options granted to non-employee directors as a group at any one time, to not more than 10% of the number of common shares issuable upon the exercise of all options then outstanding. “This amendment is consistent with our ongoing objective of maintaining best practices in corporate governance and aligning interests of the board and management with those of our shareholders,” said Michael Callaghan, Chairman of SXC. About Systems Xcellence Inc. Systems Xcellence (SXC) is headquartered in Milton, Ontario with offices and processing centres in Lombard, Illinois, Warminster, Pennsylvania, Scottsdale, Arizona and Victoria, British Columbia. Through its SXC Health Solutions, Inc subsidiary, SXC is a leading provider of healthcare information technology solutions and services to the U.S. healthcare benefits management industry. The company’s product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as pharmacy benefit managers, managed care organizations, independent, chain and mail-order pharmacies and other healthcare intermediaries. SXC can be found on the Internet at www.sxc.com. This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in the Company's Annual Information Form. For more information, please contact:
|