Not sure. The only new I have I pulled of AOL:
WALLINGFORD, CT--(BUSINESS WIRE)--May 7, 1998--At its annual
meeting today, shareholders of TransAct Technologies Incorporated
(NASDAQ:TACT) reelected Graham Y. Tanaka and Richard L. Cote to serve
three-year terms as directors, ratified the appointment of Price
Waterhouse LLP as independent accountants for the 1998 fiscal year,
and approved an amendment to increase the number of share subject to
awards under the Company's 1996 stock plan.
Meeting after the conclusion of the annual shareholders' meeting,
TransAct's Board of Directors authorized a new share buyback program
for up to 500,000 shares of the Company's common stock. The Board
cited TransAct's excellent cash flow and prospects relative to the
current market value of the Company's shares as reasons for the share
buyback. Today, the Company has 6.3 million shares outstanding.
TransAct designs, develops, manufactures and markets
transaction-based printers and related products under the ITHACA and
MAGNETEC brand names. The Company's printers are used to provide
transaction records such as receipts, tickets, coupons, register
journals and other documents. TransAct serves four vertical markets:
point-of-sale, gaming and lottery, financial services and kiosk. The
Company sells its products directly to end users, original equipment
manufacturers, value-added resellers and selected distributors. Please
visit TransAct's website located at transact-tech.com to
receive more information about the Company's products and selected
financial data.
This release contains certain forward-looking statements that are
subject to various risks and uncertainties, including, but not limited
to, demand and competition for the Company's products, which could
cause actual results to differ materially. These and other risks and
uncertainties are detailed in the Company's Securities and Exchange
Commission filings.
Cheers!
Ed. |
