Blonder Tongue Laboratories vi nu is known as a designer, maker and seller of a inclusive row of electronic devices and systems gear for the franchised and personal cable tv industries
Blonder vi nu vi nu Tongue Laboratories, Inc. Notifies $300,000 Stock Repurchase Program.Enterprise vi nu Publishers & High Tech Authors Get More Information tui xach thoi trang
OLD BRIDGE,.--(BUSINESS WIRE)--July 24, 2002
Blonder Tongue Laboratories, Inc. (AMEX:BDR), exclaimed this era which its Board of Controllers has lawful a stock repurchase program and which the Firm expects to procure up to $300,000 of its awe-inspiring quite typical stock.
The Firm, that is known as a maker of electronic devices and systems gear for the franchised and personal cable tv industries, mentioned the proportion buys can be manufactured from time to time within the open large grocery stores or through block swaps, in all good examples, in line with Securities and Transfer Commission Govern 10b-18.
Relying on large grocery stores conditions and other factors, these buys can be opened up or suspended any moment or now and again without former will see that. The buys would be financed from completely ready working finances and the repurchased shares would be retained in treasury or utilized for on-going stock issuance namely for employee stock plans.
"Validation of this course indicates a sturdy belief by our Board in Blonder Tongue's upcoming.. economic system and associating wither in Blonder Tongue's stock price, Blonder Tongue believes the existing assessment doesn't reflect the underpinning long-term value of the firm. We believe our actions underscore our commitment to augmenting shareholder value and believe that repurchasing Blonder Tongue stock is among the best investments Blonder Tongue may make at this time," mentioned James A. Luksch, Chairman of the Board, President and Ceo.
. Founded in 1950, Blonder Tongue has increased to be 1 of the commanders in wire TV gear manufacture. For more info with regard to Blonder Tongue and its goods or to gain Blonder Tongue's most recent days news discharges and other corporate announcements via fax or e-mail, without charge,.
"Safe Harbor" Announcement beneath the Personal Securities Lawsuit Reform Act of 1995. The info established beyond contains "forward-looking" statements and accordingly, the cautionary statements confined in Blonder Tongue's Yearly Report and Form 10-K for the yr finished Dec 31, 2001 (See Item 1: Enterprise and Item 7: Management's Dialog and Diagnostic of monetary Sistuation and Outcomes of Operations), and other filings with the Securities and Transfer Commission are contained herein by useful resource. The words "believe", "expect", "think through", "project", and similar expressions detect forward-looking statements. Readers are warned not to place undue dependence on these forward-looking statements, that reflect management's diagnostic merely as of the date hereof. Blonder Tongue undertakes nil liability to openly edit these forward-looking statements to reflect ceremonies or a situation which pop up afterwards the date hereof. Blonder Tongue's http://boies-schiller.com/ factual results could vary from inside the anticipated results or other anticipations declared in Blonder Tongue's "forward-looking" statements.
