SteelCloud Announces $2 Million Stock Repurchase Monday September 12, 2:53 pm ET
HERNDON, Va., Sept. 12 /PRNewswire-FirstCall/ -- SteelCloud, Inc. (Nasdaq: SCLD - News), a leading supplier of ready-to-deploy server appliances, security solutions and professional IT services, today announced that its Board of Directors has approved the repurchase of up to $2 million of its Common Stock. The Company intends to make repurchases from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase is expected to continue through October 31, 2006 unless extended or shortened by the Board of Directors. ADVERTISEMENT
Share repurchases will be funded from existing cash. The timing and amount of any repurchases will be at the discretion of the Company's management.
About SteelCloud
SteelCloud is a leading provider of ready-to-deploy server appliances, security solutions and professional IT services. The Company's ISO 9001:2000 certified Appliance Server Group designs and manufactures specialized servers and network appliances for volume users, large integrators and OEM customers. SteelCloud's Security Solutions Group delivers network security solutions in the form of security software, appliances, and professional services. In addition, the Company's Advanced Technology Group designs and develops proprietary SteelCloud software products. Over its 18-year history, SteelCloud has won numerous awards for technical excellence and outstanding customer service. SteelCloud can be reached at 703-674-5500. Additional information is available at http://www.steelcloud.com. E-mail: info@steelcloud.com
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