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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Baghul who wrote (7930)	7/21/1998 12:28:00 AM
From: MoneyMade	Read Replies (2) \| Respond to of 8798

SEEC does sharebuyback I told you so... SEEC, Inc. Announces Stock Repurchase Program PR Newswire - July 20, 1998 09:35 PITTSBURGH, July 20 /PRNewswire/ -- SEEC, Inc. (Nasdaq: SEEC) today announced that it plans to begin a stock repurchase program utilizing up to $3 million to buy shares of the Company's common stock from time to time on the open market, subject to market conditions and other relevant factors. The repurchased shares will be used to cover stock option exercises and for other corporate purposes. "We believe our stock represents a good investment and that a stock repurchase program is an appropriate use of our resources in light of the stock's underlying book and cash value per share relative to current market prices, and in light our of growth prospects and new product introduction plans," said Ravi Koka, President and CEO of SEEC. About SEEC, Inc. SEEC, Inc., (Nasdaq: SEEC) provides integrated and comprehensive enterprise solutions -- including year 2000 conversion, reengineering, data warehousing and web-enabled applications -- that enable large organizations and third-party service providers to efficiently and effectively reengineer legacy system applications and databases. SEEC's enterprise solutions combine a suite of proven software products with well-defined repeatable methodologies designed to improve the quality, productivity and effectiveness of the reengineering process. SEEC's products currently support the major programming languages that account for 94 percent of the world's legacy applications, as well as the key databases that represent 90 percent of legacy information, and new support is always being added in response to the market's demand. SEEC's tools are helping government agencies, utilities, manufacturing companies and financial and educational institutions achieve significant savings while extending the life-span and value of business- critical legacy applications. Visit SEEC's Web site at www.seec.com. SOURCE SEEC, Inc. /CONTACT: SEEC Investor Relations, 412-893-0490, or e-mail, Investor_Relations@seec.com/ /Web site: seec.com