I guess since nobody is buying this stock...the company will.
Monday November 9, 8:01 am Eastern Time
Company Press Release
SOURCE: PDG Environmental, Inc.
PDG Environmental Directors Authorize
the Repurchase of Up to 400,000 Shares of Common Stock
MONROEVILLE, Pa., Nov. 9 /PRNewswire/ -- PDG Environmental, Inc. (OTC Bulletin
Board: PDGE - news) today announced that its Board of Directors has authorized the
repurchase of up to 400,000 shares of the Company's Common Stock from time to time in the
open market in accordance with SEC Rule 1Ob-18. The repurchase will be at prevailing market
prices, and the Company will utilize current cash reserves to acquire such shares.
Commenting, John Regan, PDG Environmental, Inc. Chairman stated, ''The Board of Directors
believes that the Company's stock is currently undervalued and represents an attractive
investment opportunity. With a trailing 12 month PE of less than 4, the shares are trading at a
12-month low and down nearly 70% from the high achieved last spring. The resulting treasury
stock can also be used for potential acquisitions and the exercise of employee stock options to
minimize future dilution.''
PDG Environmental, Inc. is a leading provider of asbestos abatement and related services
dedicated to assisting its commercial industrial and governmental clients in complying with
environmental laws and regulations. For additional information on the Company, please see
www.pdge.com or www.growthstockinvestor.com.
Certain of the above statements may be forward looking statements that involve risks and
uncertainties. In such instances, actual results could differ materially as a result of various
factors including competitive developments and other risk factors listed from time to time in the
Company's SEC reports.
SOURCE: PDG Environmental, Inc. |
