PYPR -- PayPro, Inc. Announces Stock Buyback Program
DALLAS, Nov 16, 2006 (BUSINESS WIRE) -- Mike Terrell, CEO of PayPro, Inc. (Pink
Sheets: PYPR) announced that the company's board of directors has authorized
management, in its discretion, to purchase up to 1 Billion shares of PYPR common
stock over the next 12 months. The repurchase program is effective immediately.
Any repurchased shares will be held as treasury stock.
PayPro CEO Mike Terrell said, "Taking into account the climate of the penny stock market in general, our rapidly increasing revenues and profits, and todays reaction to the SLJB collapse, which hurt investor confidence in all penny stocks, I felt the price drop we experienced today was the perfect time to initiate our stock buyback program which will increase our loyal shareholders stock value at the expense of the daytrader flippers and shorters. I have stated before and will state again that there will be no reverse splits and the O/S will be reduced by the company buying back shares and returning them to treasury."
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
SOURCE: PayPro Incorporated
CONTACT: PayPro Incorporated, Dallas
Mike Terrell, 214-774-4870
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