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NOGALES, AZ -- (Marketwired) -- 05/12/16 -- Alpha Pro Tech, Ltd. (NYSE MKT: APT), a leading manufacturer of
products designed to protect people, products and environments, including disposable protective apparel and building products,
today announced that its Board of Directors has authorized a $2.0 million expansion of the Company's existing share repurchase
program.
With this authorized expansion, the Company now has approximately $2.1 million available to repurchase shares of the Company's
common stock, $0.1 million of which remains from the previous expansion announced in June 2015.
Management anticipates repurchasing shares through open market purchases or through privately-negotiated transactions and
intends to retire all shares purchased through the share repurchase program. Open market purchases may be executed by the Company's
broker through a pre-arranged repurchase plan, which operates in accordance with the guidelines specified under Rule 10b5-1 and
Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Any transactions under the repurchase plan will be effected in
accordance with the terms of the plan, including specified price, volume and timing conditions, and will be applied against the
amount authorized for the Company's share repurchase program. Other open market and privately-negotiated purchases may occur from
time to time outside the repurchase plan based on market and general business conditions, subject to applicable rules and
regulations.
About Alpha Pro Tech, Ltd.
Alpha Pro Tech, Ltd. is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. Alpha Pro Tech, Inc.
develops, manufactures and markets innovative disposable and limited-use protective apparel products for the industrial, clean
room, medical and dental markets. Alpha ProTech Engineered Products, Inc. manufactures and markets a line of construction
weatherization products, including building wrap and roof underlayment. The Company has manufacturing facilities in Salt Lake City,
Utah; Nogales, Arizona; Valdosta, Georgia; and a joint venture in India. For more information and copies of all news releases and
financials, visit Alpha Pro Tech's Website at http://www.alphaprotech.com.
Certain statements made in this press release constitute "forward-looking statements" within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that may
predict, forecast, indicate or imply future results, performance or achievements instead of historical facts and may be identified
generally by the use of forward-looking terminology and words such as "expects," "anticipates," "estimates," "believes,"
"predicts," "intends," "plans," "potentially," "may," "continue," "should," "will" and words of similar meaning. Without limiting
the generality of the preceding statement, all statements in this press release relating to estimated and projected earnings,
margins, costs, expenditures, cash flows, sources of capital, growth rates and future financial and operating results are
forward-looking statements. We caution investors that any such forward-looking statements are only estimates based on current
information and involve risks and uncertainties that may cause actual results to differ materially from the results contained in
the forward-looking statements. We cannot give assurances that any such statements will prove to be correct. Factors that could
cause actual results to differ materially from those estimated by us include the risks, uncertainties and assumptions described
from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited
to, our most recent Annual Report on Form 10-K. We also caution investors that the forward-looking information described herein
represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to
reflect events or developments after the date of this press release. Given these uncertainties, investors should not place undue
reliance on forward-looking statements as a prediction of actual results.
Company Contact:
Alpha Pro Tech, Ltd.
Al Millar/Donna Millar
905-479-0654
e-mail: ir@alphaprotech.com
Investor Relations Contact:
Hayden IR
Cameron Donahue
651-653-1854
e-mail: cameron@haydenir.com