WavePhore Board Approves Stock Repurchase Program
PR Newswire - August 18, 1998 11:21
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PHOENIX, Aug. 18 /PRNewswire/ -- WavePhore, Inc., (Nasdaq: WAVO), announced today that the Board of Directors of WavePhore, Inc. has approved a
stock repurchase program under which the Company may acquire up to 1,000,000 shares of the Company's common stock through open market transactions at
prevailing market prices. The program was approved during a Board of Director's meeting held on Monday, August 13, 1998. The timing and duration of the
program will be dependent on market conditions and is subject to applicable laws and regulations.
David Deeds, Chairman, President and CEO, stated "We have always maintained an acquisition based philosophy and with this program we will be able to buy
back stock at these attractive prices, further establishing our belief that WavePhore is one of the best investment in the marketplace. This also reaffirms our
commitment to maximizing shareholder value."
About WavePhore
WavePhore, Inc., (Nasdaq: WAVO) is the global leader in connecting people with compelling information in the office and at home. The corporation is
headquartered in Phoenix, AZ and composed of three business units: WavePhore Networks, WavePhore Newscast and WavePhore WaveTop. WavePhore
Networks, the industry leader in data broadcasting provides flexible, high-speed data delivery for information publishers, to more than 90,000 sites worldwide.
WavePhore Newscast, is the Web's premier business infosource for enterprise- wide use. WavePhore WaveTop is the first free, advertising-supported, nationwide
data broadcast system to deliver multimedia content to broadcast ready PC's in the home. Additional information on WavePhore is available via the Internet at
wavephore.com, wavetop.net, wavephore.net and newscast.com.
Certain of the above statements regarding WavePhore constitute forward- looking statements, which may involve risks and uncertainties. Actual results could differ
materially from such forward-looking statements as a result of a variety of factors, including, but not limited to, technology changes, competitive developments,
industry and market acceptance of new products and services, risk factors listed from time to time in WavePhore's SEC filings.
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