Abatix Environmental Corp. approves share repurchase plan.DALLAS--(BUSINESS WIRE)--Nov. 16, 1994--Abatix Environmental Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SYMBOL: ABIX ABIX Air-Britain Information Exchange (UK-based aviation historical society members information website) ) Board of Directors approved a stock purchase program wherein the company is empowered to purchase its own common stock in open market transactions in an amount up to 5 percent of the outstanding common stock. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. will be used to fund the program. The overall financial strength of Abatix was exhibited in the nine month financial results recently released (Sept. 30, 1994) indicating a 42 percent revenue increase for the nine months. Net earnings were up a comparable amount. Abatix Environmental Corp. distributes and markets a comprehensive product line of personal protection and safety equipment as well as both durable and disposable supplies to the hazardous materials industries, including industrial safety and asbestos abatement Noun 1. asbestos abatement - the removal of asbestos from a public building abatement of a nuisance, nuisance abatement - (law) the removal or termination or destruction of something that has been found to be a nuisance . CONTACT: Abatix Environmental Corp., Dallas Frank Cinatl, 214/381-1146 |
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