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Technology Stocks : Transact Technologies Inc (TACT) -- Ignore unavailable to you. Want to Upgrade?

To: Mel Spivak who wrote (34)	5/8/1998 5:19:00 PM
From: Ed Bowes	Read Replies (1) \| Respond to of 37

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.