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 Company’s
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.
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