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Microcap & Penny Stocks : USPN-- U.S. PAWN LAUNCHES INTERNET AUCTION SITE
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To: GBT who wrote ()3/20/1999 6:43:00 PM
From: GBT  Read Replies (1) of 5
 
U.S. Pawn, Inc. Announces Extension of Stock Repurchase Program
PR Newswire - March 17, 1999 14:03

WESTMINSTER, Colo., March 17 /PRNewswire/ -- U.S. Pawn, Inc. (the "Company") (Nasdaq: USPN) today announced its Board of Directors has authorized the extension its stock repurchase program until December 31,1999.

On September 14, 1998 the Company's Board of Directors authorized the repurchase of up to 500,000 shares of its common stock in the open market. The stock repurchase program would have expired on March 31, 1999.

To date the Company has repurchased 141,500 of its common shares in the open market at prices ranging from $2.03 to $1.28 per share. The remaining 358,500 shares may be purchased by the Company from time to time through December 31, 1999 in open market transactions at prevailing market prices. The repurchase program may be suspended or discontinued at any time.

U.S. Pawn, Inc. currently owns and operates 13 pawnshops located in Colorado and Wyoming.

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