JAN + PDGT 200 Million Share buyback
Paradigm Updates on Outstanding Shares and Announces a Stock Buyback Program
Thursday October 16, 8:44 am ET
In September we voted to go forward with the intended share buyback program and buy up to 200 million shares of the company's stock commencing in January 2009, for a period of 4 months thereafter. It is our intent to purchase the stock in the open market by using a portion of our profits from the sales of our new products, the RadSafe, StealthSensor and others that are scheduled to be added to our line in the near future. We believe that the share buyback program is a positive move for everyone.
We are very confident that with the strong demand for our products, along with our future anticipated sales, next year should be a great year for the company and our shareholders.
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