More good news for share holders of TSRI;
They are really reducing the float, better than dividends.
This will make a reduction of 1/6 of the outstanding shares.
The next SEC filing, the annual report, should be around the end of next month, if they follow their historical trends.
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HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 8, 1999--TSR, INC., (NASDAQ:TSRI) a provider of computer programming consulting services, announced today
that it has completed the previously announced repurchase of 600,000 shares of its common stock.
Also, its board of directors has authorized the Company to repurchase up to an additional 500,000 shares of its common stock. The repurchase may be effected from time to
time in accordance with applicable securities laws, through solicited or unsolicited transactions in the open market, on the NASDAQ National Stock Market or in privately
negotiated transactions. No time limit has been placed on the duration of the share repurchases. Subject to applicable securities laws, such purchases will be at times and in
amounts as TSR deems appropriate and may be discontinued at any time. TSR has no obligation or commitment to repurchase all or any portion of the shares covered by the
authorization. There are approximately 5,500,000 shares outstanding.
CONTACT: TSR Inc., Hauppauge
John Sharkey, 516/231-0333 |
