O/T: BVDOG, check out PYPR's sharebuyback!!!!!!
Press Release Source: PayPro Incorporated
PayPro, Inc. Announces Stock Buyback Program
Thursday November 16, 10:34 pm ET
DALLAS--(BUSINESS WIRE)--Mike Terrell, CEO of PayPro, Inc. (Pink Sheets: PYPR - News) announced that the company's board of directors has authorized management, in its discretion, to purchase up to 1 Billion shares of PYPR common stock over the next 12 months. The repurchase program is effective immediately. Any repurchased shares will be held as treasury stock.
PayPro CEO Mike Terrell said, "Taking into account the climate of the penny stock market in general, our rapidly increasing revenues and profits, and todays reaction to the SLJB collapse, which hurt investor confidence in all penny stocks, I felt the price drop we experienced today was the perfect time to initiate our stock buyback program which will increase our loyal shareholders stock value at the expense of the daytrader flippers and shorters. I have stated before and will state again that there will be no reverse splits and the O/S will be reduced by the company buying back shares and returning them to treasury."
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Contact:
PayPro Incorporated, Dallas
Mike Terrell, 214-774-4870
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Source: PayPro Incorporated
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