Samuels Jewelers (SMJW) Message Board

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Microcap & Penny Stocks : Samuels Jewelers (SMJW)

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To: Paul Lee who wrote ()	10/12/1999 11:37:00 AM
From: leigh aulper	Read Replies (1) of 29

Samuels Jewelers Inc. Announces Stock Repurchase Program AUSTIN, Texas--(BUSINESS WIRE)--Oct. 12, 1999--Samuels Jewelers Inc. (OTC BB:SMJW) announced today that its Board of Directors has approved the repurchase of up to $1,000,000.00 of the company's outstanding shares. Such purchases are to be made in the open market from time to time. Randy N. McCullough, President and Chief Executive Officer of the Company, said, "The Board believes that the current market price of its stock does not adequately reflect the earnings potential of the Company. We can bring immediate value to our shareholders through the repurchase." McCullough continued, "While we are committed to growth through strategic acquisitions and new store openings I cannot think of a better investment that is priced more attractively than our own shares. This program reflects our confidence in the future of Samuels as well as our commitment to shareholder value."

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