LIGATT Security International Announces Plan to Buy Back Stock
10 Maggio 2010 - 3:22PM
LIGATT Security International (Pink Sheets:LGTT), a cyber security
company, today announced that the company will be buying back
shares on the open market and through private individuals in order
to increase LSI's share price.
"Considering LIGATT is at a low stock price, we planned on
buying back a significant amount of shares," says Gregory Evans,
President and CEO of LIGATT Security. "However, since the stock
price is lower we may consider buying back more."
Over the next three months, LSI will buy back shares in the
company, however the dollar amount and the number of shares have
not been determined as of yet. The buy back will begin the first
week in June after LSI completes the process of hiring a brokerage
service, who will manage the buy back.
"Our dividend and capital management decisions are made to
maximize shareholder returns while maintaining sufficient capital,"
comments Evans.
In January 2010, it was voted on and passed that LSI would
conduct a roll back of the stock, however the company has not done
so at this point in time. Although LSI's shareholders voted on a
reverse split, before implementing a roll back, the company will
try to increase the share price by performing a buy back of the
stock.
LSI is the nation's premier hi-tech security company and
recognized as a leader in computer security and cyber-crime
investigation. It is a publicly traded company whose mission is to
be the nation's leading provider of hi-tech crime investigations,
by protecting their clients against Black Hat Hacking one CPU at a
time.
For additional information about LIGATT Security International
visit www.ligatt.com.
***This press release was done in-house by a LIGATT Security
International staff member. LIGATT Security International never has
and never will use stock promoters, or outside Investor Relations
firms.***
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
CONTACT: LIGATT Security International
Media Contact:
Katrina Highsmith
Cymone Coker
866-354-4288 ext. 5 (mp)
pr@ligatt.com
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