I still can't believe this was a non event to the pps. I also like to see some follow up to the vague third paragraph about the "certain Trappsol product."
CTD Holdings, Inc. Announces Share Repurchase Program
HIGH SPRINGS, FL -- (Marketwire) -- 10/21/08 -- CTD Holdings, Inc. (OTCBB: CTDH) announced today that the Board of Directors has approved a $150,000 share repurchase program. The timing of the open market purchases was not disclosed by the Company.
"The board continues to be very aggressive in the use of the company's 2007 operational profits; it unanimously decided to pay off the mortgage of the 40 acre future research park site in February and now wants to buy back the undervalued stock," offered CEO and board chairman, Rick Strattan. "We have also built up our year-end inventory of selected Trappsol® and Aquaplex® cyclodextrin products to meet the strong demand we struggled to meet last year during the third and fourth quarters," continued Mr. Strattan.
"Cyclodextrins are well-known for their ability to make good products much better; however, some very recent research has shown that a certain Trappsol® product can alter very dramatically all by itself the course of major disease processes that depend on the mal distribution of cholesterol. The right CD company could very easily build a research park around the elucidation of the mechanism by which that CD produces its normalizing actions," finished Mr. Strattan.
About CTD Holdings, Inc.
The company is the one-stop shop, business to business facilitator of commercial applications of cyclodextrins. With its branded Trappsol® and Aquaplex® product offerings, CTDH scientists coordinate the development of commercial products for use in the pharmaceuticals, foods, hazardous waste treatment, and cosmetics industries, just to name a few of the industries which endeavor to put non water-soluble ingredients into water-based formulations. CTDH was founded in 1990 as a Florida corporation and became a public company in 1994.
This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements. CTDH complies with the regulations and time lines mandated by the SEC in the filing of its financial reports; these filings also contain forward-looking statements. The above forward-looking statements are made as of the date above; CTD Holdings, Inc accepts no specific responsibility for updating such statements.
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Contact:
Rick Strattan
CEO
386-454-0887
Source: Marketwire (October 21, 2008 - 8:00 AM EDT)
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