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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: Sheldon C. who wrote (1702)	9/28/1998 4:33:00 PM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 4467

More news: DALLAS, Sept. 28 /PRNewswire/ -- DocuCorp International (NASDAQ:DOCC) today announced that its Board of Directors has authorized the repurchase of up to 1 million shares of the company's common stock in the open market. "This action by the Board of Directors reflects our confidence in the future of DocuCorp," said Michael D. Andereck, president and chief executive officer. "We believe that the current share price does not accurately reflect the strength or true value of our underlying business. Repurchasing DocuCorp stock is an attractive use of a portion of our available cash that should benefit our stockholders. "The stock acquired under this repurchase program will be used to satisfy the company's obligation to issue shares upon exercise of warrants and employee stock options, or pursuant to purchases under its employee stock purchase plan," he added. DocuCorp expects to repurchase shares from time to time, depending on market conditions, in the open market and in privately negotiated transactions. The company has 16.5 million shares of common stock outstanding. About DocuCorp DocuCorp markets a portfolio of open-architecture, enterprise-wide, document automation software products that enable its customers to create, publish, manage and archive complex, high-volume, individualized documents. The company also provides document automation consulting, application integration, and document processing, printing, and mailing services. DocuCorp has an installed base of more than 800 customers, including many of the largest insurance, utility, financial services, higher education, and telecommunications organizations. Headquartered in Dallas, DocuCorp has major facilities in Atlanta and Silver Spring, Md. The company also maintains offices in London, Philadelphia, and Portland, Maine. For more information, visit DocuCorp's Web site at www.docucorp.com. Certain information contained in this news release may include "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this news release are forward-looking statements. Such statements are subject to certain risks and uncertainties, which include, but are not limited to, the risk of competitive pressures, failure to adequately respond to technological developments, loss of significant customers or distributors, and the other risk factors and cautionary statements listed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. All forward-looking statements included in this news release and all subsequent oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. SOURCE DocuCorp International -0- 09/28/98 /CONTACT: Todd Rognes, Sr. VP-Finance of DocuCorp International, 214-891-6500; or Bill Robertson of Sunwest Communications for DocuCorp International, 214-373-1601/ /Web site: docucorp.com