WAVEPHORE'S DOES STOCK BUYBACK PLAN.
Does anyone know how this is coming along..
WavePhore Board Approves Stock
Repurchase Program
PR Newswire - August 18, 1998 11:21
PHOENIX, Aug. 18 /PRNewswire/ -- WavePhore, Inc., (Nasdaq:
WAVO), announced today that the Board of Directors of WavePhore, Inc.
has approved a stock repurchase program under which the Company may
acquire up to 1,000,000 shares of the Company's common stock through
open market transactions at prevailing market prices. The program was
approved during a Board of Director's meeting held on Monday, August
13, 1998. The timing and duration of the program will be dependent on
market conditions and is subject to applicable laws and regulations.
David Deeds, Chairman, President and CEO, stated "We have always
maintained an acquisition based philosophy and with this program we will
be able to buy back stock at these attractive prices, further establishing our
belief that WavePhore is one of the best investment in the marketplace. This
also reaffirms our commitment to maximizing shareholder value."
About WavePhore
WavePhore, Inc., (Nasdaq: WAVO) is the global leader in connecting
people with compelling information in the office and at home. The
corporation is headquartered in Phoenix, AZ and composed of three
business units: WavePhore Networks, WavePhore Newscast and
WavePhore WaveTop. WavePhore Networks, the industry leader in data
broadcasting provides flexible, high-speed data delivery for information
publishers, to more than 90,000 sites worldwide. WavePhore Newscast, is
the Web's premier business infosource for enterprise- wide use.
WavePhore WaveTop is the first free, advertising-supported, nationwide
data broadcast system to deliver multimedia content to broadcast ready
PC's in the home. Additional information on WavePhore is available via the
Internet at wavephore.com, wavetop.net,
wavephore.net and newscast.com.
Certain of the above statements regarding WavePhore constitute forward-
looking statements, which may involve risks and uncertainties. Actual results
could differ materially from such forward-looking statements as a result of a
variety of factors, including, but not limited to, technology changes,
competitive developments, industry and market acceptance of new
products and services, risk factors listed from time to time in WavePhore's
SEC filings.
SOURCE WavePhore, Inc.
/CONTACT: Jennifer Schreier, Director of Public Relations and Investor
Relations of WavePhore, Inc., 602-952-5500, x239,
jschreier@wavephore.com/
/Company News On-Call: prnewswire.com or fax,
800-758-5804,
ext. 107524/
/Web site: wavetop.net
/Web site: wavephore.net
/Web site: newscast.com
/Web site: wavephore.com
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