<Ammonia Hold, Inc. Announces Share Repurchase Program
LITTLE ROCK, Ark., Feb. 11 /PRNewswire/ -- Ammonia Hold, Inc. (OTC
Bulletin Board: AMHD - news) announced today that its Board of Directors
has authorized the repurchase of up to one million shares of Ammonia
Hold, Inc. common stock. These shares will be purchased from time to
time on the open market, subject to market conditions.
Michael D. Parnell, chairman and president of Ammonia Hold, Inc.,
stated, ''The implementation of our company's first-ever share
repurchase reflects the Board's confidence in our long-term growth
prospects. The directors believe that our stock represents a good
investment relative to our intermediate and long-term growth
potential.''
Ammonia Hold, Inc. is a manufacturer of patented ammonia and odor
eliminating products for consumer and industrial markets. The company
distributes its products to mass merchandisers, direct distributors and
other retailers.
Except for historical information contained herein, the statements made
in this release constitute forward-looking statements that involve
certain risks and uncertainties. Certain factors may cause actual
results to differ materially from those contained in the forward-looking
statements, including those risks detailed from time to time in the
company's reports.
SOURCE: Ammonia Hold, Inc.> |
