Allegiant Professional Business Services, Inc. (APRO)

[The_Pro]

Here's The Details Of The Stock Repurchase Program:

Allegiant Professional Business Services Announces Stock Buy-back Program ANAHEIM, Calif., July 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) a premier provider of financial services to small and medium-size businesses, today announced that its board of directors has approved the repurchase of up to an aggregate of 15,000,000 shares of its common stock. David Goldberg CEO and Chairman of Allegiant stated, "Based on current market prices, our board and management have considered the current market price of our stock and have decided to introduce a share repurchase program of our common stock". Goldberg continued, "We believe that our stock is undervalued and that the repurchase program is a good investment". The purchases may be made, from time to time, on the open market in compliance with Rule 10b-18 and will be funded from available working capital. The number of shares to be purchased and the timing of the purchases will be based on the level of cash balances, general business conditions and
other factors. 

Here's the link:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/029639/p/1.html

This is a company buying back stock instead of issuing it like a financially strapped pinkie.