Play for the day! Getting out of MPTV with a small profit will buy back later. Also selling KESE will get back in with news. Holding INCE and STRU long term. Good VALUE Momentum play today is CLWK news out this mourning.
Company Press Release
ClearWorks.net Announces One
Million Share Buyback Program
Company Seeks to Purchase at Least 1 million of its Shares in the Next 30-60
Days
HOUSTON--(BUSINESS WIRE)--June 8, 1999--ClearWorks.net (OTC BB: CLWK - news)
announced today that it has begun a share buyback program, with the goal of acquiring at least 1
million shares. The purchase of 1 million or more shares is being financed from ClearWorks.net's
cash reserves. The share buyback program is expected to take between 30 to 60 days to complete.
According to Michael McClere, CEO of ClearWorks.net, ''We believe that shares of
ClearWorks.net are considerably undervalued at current levels, and we see this as an excellent
opportunity to invest in ClearWorks' strong growth potential.''
ClearWorks, based in Houston, has a strategic goal of becoming a nationwide telecommunications
company, building on its expertise in providing Bundled Digital Services(SM) to residential
communities, commercial buildings and school systems.
Certain statements in this release are forward-looking. Although ClearWorks.net (the Company)
believes its expectations are based on reasonable assumptions within the bounds of its knowledge
of its business and operations, there can be no assurance that actual results will not differ materially
from its expectations. Merger Communications (Merger) is a media relations firm employed by the
Company. Statements and opinions presented here represent the views of the company, not
Merger, as the release is based on information provided by the Company. Merger and the
Company believe that all information in this release has been obtained from sources considered
reliable, but cannot guarantee that the statements presented herein are accurate or complete.
Merger's compensation for its media relations services consists of a fee and stock. Merger can have
a long position in the securities of the companies in which it distributes information for media use,
and may be buying or selling securities in the course of its regular business.
For more information on ClearWorks.net's services, please see the company's press releases on
Yahoo' s (Nasdaq: YHOO - news) stock quote service at quote.yahoo.com, visit ClearWorks.net
online at www.clearworks.net or contact David Drake or Trish Cunningham of Merger
Communications at 713/267-2328 or daviddrake@earthlink.net.
Contact:
Merger Communications, Houston
David Drake or Trish Cunningham, 713/267-2328
More Quotes and News:
ClearWorks Technologies Inc (OTC BB:CLWK - news)
Related News Categories: computers, internet |
