SofTech, Inc. (OTCQB:SOFT), a proven provider of Product Lifecycle Management solutions, today announced that it has raised proceeds of $225,000 from the issuance of an aggregate of 45,000 shares of the Company’s common stock, par value $0.10 per share, at $5.00 per share in private placement transactions to a limited number of accredited investors. The Company intends to use the proceeds for working capital and other general corporate purposes. The SofTech Board of Directors authorized the issuance of up to 10% of its outstanding shares, or 99,500 shares, under the terms by which these private placement transactions were completed. The Company has no registration obligations with regard to the common shares issued and will not incur any third party placement fees, as the negotiation with the investors was direct. Given the nominal direct costs to the Company attendant with the issuance of these shares, the terms of the Stock Purchase Agreements provide that each $25,000 investment entitles the investor to a fee of $6,000 to be paid in six equal quarterly installments during the eighteen month period following the investment. In addition, each share purchased gives the investor the right to require the Company to repurchase the shares at $5.50 for the 30 day period following the eighteen month anniversary of the investment. The Company does not believe that the issuance of such shares will restrict the Company’s ability to utilize its net operating losses. Accordingly, the Board of Directors of the Company approved in advance the purchase of the shares in these transactions as “Exempt Transactions” under the Company’s Rights Agreement, dated February 3, 2012, between the Company and the Registrar and Transfer Company. About SofTech SofTech, Inc. (OTCQB: SOFT) is a proven provider of product lifecycle management (PLM) solutions, including its ProductCenter® PLM solution and its computer-aided design product CADRA®.