EMPM Buy=Back Program.
Empire Post Media, Inc. has completed its previously announced review of recent trading activity and has concluded that its common stock is currently undervalued. Therefore, the Company believes that it is advantageous at this time to commence a stock buy-back program. With this in mind, Empire's Board of Directors has authorized the repurchase of up to 10,000,000 of Empire's outstanding Common Stock in the open market or through privately negotiated transactions. It is hoped that the buyback program will have a positive effect in stabilizing our share price.Management will direct the program and all purchases will be based on market conditions, working capital requirements, general business conditions and other relevant factors. If conditions are not favorable, then no purchases will be made. The program is set to expire on July 30, 2012 but may be extended if market conditions warrant.This program will be funded using available cash and borrowings from Empire's existing credit facility or third party financing. If any shares are purchased they may be retired or they may be made available for employee benefit plans or other appropriate purposes.
