PAVP ProActive Computer Plans Stock Buyback Program Hires Investor Relations Firm
HOUSTON, Mar 12, 2004 /PRNewswire-FirstCall via COMTEX/ -- ProActive Computer Services Inc. (Pink Sheets: PAVP), is planning to initiate a stock buyback program. Under the program, shares may be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions at the company's discretion. This buyback plan is in response to the company's strong conviction that the share price is undervalued at current levels. PAVP has made significant progress in adding value to the company by financing the CortDev Inc. project and also in its acquisition of Digitalus Technology Inc. CEO Andrea Cortellazzi stated: "We believe that common share repurchase is an excellent means of providing and maximizing shareholder value."
Investor Relations Firm
