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Technology Stocks : TouchStone S/W (TSSW)

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To: Bayclipper who wrote (2896)11/4/1999 6:09:00 PM
From: Daniel Schumacher  Read Replies (2) of 3627
 
today announced that Chairman, President and CEO Pierre Narath purchased 443,588 shares of common stock in the company. The shares were purchased from former TouchStone Board members, Larry W. Dingus and Carolyn S. J. Dingus.

Narath, who was the company's largest shareholder prior to the transaction, now holds a total of 3,223,588 shares.

``This purchase demonstrates my commitment to TouchStone software and my confidence in the success of our business model,' stated Narath. ``I am committed to increasing shareholder value in the company, for both personal and professional reasons.'

Obvious steps in the right direction. Released just prior to upcoming earnings. 3 million plus shares would provide me a hell of a lot of incentive.
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