Insignia Systems, Inc. (NASDAQ:ISIG) announced today that the Company’s
Board of Directors approved a Stock Repurchase Plan authorizing the
Company to repurchase up to $5,000,000 of the Company’s common stock.
The announcement reflects the Board’s desire to return value to
shareholders and its continuing efforts to investigate uses of the
Company’s cash. The Company will fund repurchases through cash on hand
and future cash flow from operations.
Shares may be purchased from time to time on the open market or in
privately negotiated transactions until December 3, 2015. The plan does
not obligate the Company to acquire any particular amount of common
stock, and purchases under the plan may be commenced, suspended or
discontinued at any time at its discretion.
Insignia Systems, Inc. is a developer and marketer of in-store media
solutions, programs and services to retailers and consumer goods
manufacturers. Through its Point-Of-Purchase Services (POPS) business,
Insignia inspires shoppers and delivers value by providing at-shelf
advertising solutions in over 13,000 chain retail supermarkets, over
1,700 mass merchants and 7,000 dollar stores. Through the nationwide
POPS network, over 200 major consumer goods manufacturers, including
Armour-Eckrich, General Mills, Hormel, Kellogg Company and Nestlé, have
taken their brand messages to the point-of-purchase. For additional
information, contact (888) 474-7677, or visit the Insignia website at www.insigniasystems.com.
Copyright Business Wire 2013