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United Systems Technology, Inc. Announces $500,000 Share Repurchase Program

2008-07-24 10:22:00

United Systems Technology, Inc. Announces $500,000 Share Repurchase Program

DALLAS–(EMWNews)–United Systems Technology, Inc. (Pink Sheets:USTG) announced today that

its Board of Directors has extended its Share Repurchase Program and has

authorized the purchase of up to $500,000 of the Companys

common stock during the next 12 months. The shares may be repurchased

from time to time through open market purchases or through negotiated

transactions. These purchases will be subject to availability,

regulatory constraints and general economic conditions.

Forward-looking Statements:

This Press Release contains forward-looking statements, other than

historical facts, which reflect the view of Company’s management with

respect to future events. Such forward-looking statements are based on

assumptions made by and information currently available to the Company’s

management. Although management believes that the expectations reflected

in such forward-looking statements are reasonable, it can give no

assurance that such expectations will prove to have been correct.

Important factors that could cause actual results to differ materially

from such expectations include, without limitation, the ability of the

Company (i) to generate levels of revenue and adequate cash flows from

its operations to support and maintain its current cost structure, and

(ii) to develop and deliver products that are competitive, accepted by

its markets and are not rendered obsolete by changing technology. The

forward-looking statements contained herein reflect the current views of

the Company’s management with respect to future events and are subject

to these factors and other risks, uncertainties and assumptions relating

to the operations, results of operations and financial position of the

Company. The Company assumes no obligation to update the forward-looking

statements or to update the reasons actual results could differ from

those contemplated by such forward-looking statements.

About the Company:

The Company develops, markets and supports application software for

select vertical markets in both the for profit and not for profit

sectors. The software applications operate in IBM midrange, network and

single user PC platforms. The Company and its subsidiaries have over

2,100 installations in the United States and Canada.

United Systems Technology, Inc.
Mr. Randy McGee,

972-402-8600
Vice President – Finance

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