Ideal Financial Solutions Announces Plan to Purchase Company Stock to Fund Employee Stock Option Plan
Monday August 27, 10:51 am ET
ST. GEORGE, UT--(MARKET WIRE)--Aug 27, 2007 -- Ideal Financial Solutions, Inc. (Other OTC:IFSL.PK - News) announced today its plans to begin purchasing company stock to fund its proposed employee stock option plan (ESOP).
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Due to a sharp increase in sales in the first half of 2007, Ideal Financial Solutions has begun preparations to open a new processing center in Northern Utah. This new addition and continued growth in sales has led the company to redirect some of its revenues to purchase IFSL stock to fund a portion of their ESOP.
"We are in a heavy growth mode, and attracting good quality employees requires small companies to offer strong benefits packages," said Steven L. Sunyich, IFSL's President and CEO. "Our new employees appreciate the value of our stock and to offer them free trading stock is of far greater value than the typical 144 stock normally offered. It is a highly competitive work place and when you want to hire the best you need all of the tools possible to attract the best. At today's price we feel our stock is very undervalued, giving us the opportunity to leverage stock to attract the very best employees," said Sunyich.
