Antenna Products/Phazar Corp. (ANTP)

[schlitz]

8K out, Share buy-back news:
PHAZAR CORP ANNOUNCES SHARE REPURCHASE PROGRAM

PHAZAR CORP, (NASDAQ: ANTP) announced today that at a regularly scheduled meeting, the Board of Directors of PHAZAR CORP authorized a share repurchase program, not to exceed $1,000,000. The resolution permits the Company to purchase common shares in open market transactions from time to time, subject to market conditions, at its discretion.
The shares will be held as Treasury shares and will be used from time to time to fund outstanding option grants when and if exercised, directors fees and compensation and other equity incentive based benefit programs which might arise in the future. However, the Company is not obligated to purchase any shares.
Commenting on the Board resolution, Garland P. Asher, Chairman and CEO, remarked: "Given our strong cash balances and the current negligible interest rates available on cash equivalent investment instruments, purchasing shares for Treasury with a portion of our cash should be a better potential investment return for our shareholders."
More information and analysis of PHAZAR CORP's financial results is provided in the management discussion and analysis of financial condition and results of operations in the Form 10-Q for the second quarter ended November 30, 2008, which was filed with the Securities and Exchange Commission on January 14, 2009