Morning all..subpenny news..
National Residential Properties, Inc., Common Stock Buyback Program Authorized
MIAMI--(BUSINESS WIRE)--June 13, 2001--National Residential Properties, Inc. (OTCBB:NRES.OB); Formerly (OTCBB:NRPI.OB) announced today that the company Board of Directors has authorized a Common Stock Repurchase Program for up to 10% of the company common stock. The stock will be repurchased, at the discretion of the Board, from time to time on the open market between now and September 30, 2001, the end of the company fiscal year. The stock will then be retired to the treasury. Richard Astrom, President and CEO stated, "We have started the stock repurchase program to demonstrate our faith in the company and to enhance stockholder value."
THE STANDOFF
