Too bad this came out on an I-nut down day or we may havee gone up more than a paltry 3/16...........
ATLANTA, Jun 6, 2000 (BUSINESS WIRE) -- PTEK Holdings, Inc.
(NASDAQ:PTEK)(www.ptek.com) announced today that its board of directors has
approved a stock repurchase program for up to 10 percent of the currently
outstanding common stock of PTEK. Such repurchases will be made in the open
market or in privately negotiated transactions in accordance with all applicable
securities laws and regulations, including Rule 10b-18. Such repurchases may
occur from time to time and may be discontinued at any time. There are currently
48,073,932 shares of PTEK common stock outstanding.
About PTEK Holdings, Inc.
PTEK Holdings, Inc. (NASDAQ:PTEK) is a network of leading Internet and
business-to-business service providers. The Company's PTEKVentures investment
arm has ownership interests in Healtheon/WebMD (NASDAQ:HLTH), S1 Corporation
(NASDAQ:SONE), USA.NET, Webforia, Derivion, i2Go.com, BuyTrek, ScienceWise.com,
clickandmove.com, Ntown, PlanetJam Media Group and iKimbo. PTEK's three
operating units are Xpedite, Voicecom and Premiere Conferencing. PTEK leverages
the technologies, management expertise, market channels and capital of its
network to drive growth and promote market leadership throughout its operating
and network companies. Additional information can be found at www.ptek.com.
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