SuperCom Ltd (SPCB)

[midastouch017]

SuperCom Approves One Million Share Repurchase Program

HERZLIYA, Israel, September 24, 2015 /PRNewswire/ --

SuperCom Ltd. (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced that its Board of Directors has approved the repurchase of up to one million of the company's ordinary shares.

The duration of the program is open-ended, does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time.

"Given the underlying strength of SuperCom's business and recent equity market volatility, this program provides us the ability to opportunistically acquire our shares at attractive prices and underscores our commitment to returning value to our shareholders," commented Mr. Arie Trabelsi, President and CEO of SuperCom." Although we are consistently facing opportunities in our operations and target markets to deploy capital with potential for high returns, we are pleased to have this additional channel available for our capital allocation strategy which we believe should increase shareholder value over time.

Under the program authorized by its Board of Directors, SuperCom may purchase shares in open market transactions. The extent to which SuperCom repurchases its shares and the timing of such repurchases is at the discretion of SuperCom's management and will depend upon market conditions and other corporate considerations, including regulatory requirements. The purchases are expected to be funded with existing cash on hand.