IncrediMail Announces Stock Repurchase Program
23 Gennaio 2008 - 2:00PM
Business Wire
IncrediMail Ltd., (NASDAQ:MAIL) (http://www.incredimail-corp.com),
an Internet content and media company, today announced that its
Board of Directors has resolved to adopt a share buyback plan for a
total of $3.75 million, initially purchasing up to $1 million worth
of its ordinary shares as soon as practicable, and the balance
subject to tax considerations. �This buyback program represents the
Board�s strong vote of confidence in our plan for achieving
value-based growth,� commented Yaron Adler, IncrediMail�s CEO. All
shares will be purchased in the open market subject to regulations
governing the Company in this matter. About IncrediMail Ltd.
IncrediMail is an Internet content and media company. Founded in
1999, IncrediMail�s products bring a new level of fun, personality
and convenience to email, desktops and screen savers, and have been
downloaded more than eighty million times. Having secured more than
ten million active users, IncrediMail is now branching out into
Instant Messaging, Web 2.0 and social networking applications,
using its unique content and approach to enhance the user
experience. Forward Looking Statements This press release contains
historical information and forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
with respect to the business, financial condition and results of
operations of the Company. The words �believe,� �expect,� �intend,�
�plan,� �should� and similar expressions are intended to identify
forward-looking statements. Such statements reflect the current
views, assumptions and expectations of the Company with respect to
future events and are subject to risks and uncertainties. Many
factors could cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements, including, among others, changes
in the markets in which the Company operates and in general
economic and business conditions, loss of key customers and
unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various
other factors, both referenced and not referenced in this press
release. Various risks and uncertainties may affect the Company and
its results of operations, as described in reports filed by the
Company with the Securities and Exchange Commission from time to
time. The Company does not assume any obligation to update these
forward-looking statements.
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