Definition, Ltd. To Purchase Up To 1,000,000 Shares Of Its Common Stock
PR Newswire - April 30, 1998 14:21
DFNL %TLS V%PRN P%PRN
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LAKE PARK, Fla., April 30 /PRNewswire/ -- Definition, Ltd.
(OTC Bulletin Board: DFNL) announced that its Board of Directors has
authorized management to repurchase up to 1,000,000 shares of the company's
common stock, which equals approximately 10.6% of total outstanding shares.
"The current price level of Definition, Ltd. shares represents a sharp
under-valuation of the company. A repurchase program will provide management
the opportunity to increase the financial resources of Definition, Ltd.," said
Definition, Ltd. Chief Executive Officer Charles Kiefner.
Purchase of shares will be made from time to time in the open market at
management's discretion.
Definition, Ltd. is a telecommunications company involved in television,
production of documentaries, film distribution and education.
SOURCE Definition, Ltd.
/CONTACT: WorldVision Financial, 888-345-6060, or 407-834-8944/
/Web site: www.w3dllc.net/
(DFNL)
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