Acme United Corporation Announces Stock Buyback.FAIRFIELD, Conn. -- Acme United Corporation (AMEX AMEX See: American Stock Exchange :ACU ACU See: Asian currency units ) announced today that its Board of Directors approved a new stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program of up to 150,000 common shares. The Company also may repurchase up to 47,800 shares under its repurchase program previously announced on October 4, 2005. Walter C. Johnsen, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "We are pleased to announce this buy-back program as it demonstrates management's commitment to build long term shareholder value." There were 3,552,883 shares outstanding as of December 31, 2007. ACME UNITED CORPORATION is an innovative supplier of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott[R], Clauss[R], and PhysiciansCare [R]. Forward-looking statements in this report, including without limitation, statements related to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company's plans and results of operations will be affected by the Company's ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. |
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