Aladdin Announces Stock Repurchase Program.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Oct. 3, 2000 Aladdin Knowledge Systems Aladdin Knowledge Systems NASDAQ: ALDN is a company that provides solutions for software digital rights management and Internet security since 1985. Its corporate headquarters are located in Tel Aviv, Israel. (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 : ALDN), a global leader in the field of Internet content and software security, announced today that its board of directors has authorized the expenditure of up to $3,000,000 to repurchase its common shares. Aladdin will conduct the purchases from time to time, through open market transactions, in accordance with Rule 10b-18 of the Securities and Exchange Act of 1934. The number of shares purchased and the timing of the purchases are based on a number of factors, including the market price of the stock and market conditions. Accordingly, the exact number of shares to be repurchased is not known at this time. Yanki Margalit, 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. of Aladdin Knowledge Systems, commented, "We believe that Aladdin's long-term prospects make the repurchase of our shares a good investment for our company. The board's decision to fund the share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. reflects the confidence we have in our new product offerings." ABOUT ALADDIN Aladdin is a global leader in securing digital content, from applications software to Internet use and access. Aladdin's products include: HASP (Houston Automatic Spooling Program) A mainframe spooling program that provides task, job and data management functions. HASP - Houston Automatic Spooling Program and Hardlock, software security systems that protect the revenues of developers and publishers; Privilege, a software licensing platform for the Internet; the eSafe line of anti-vandal, anti-virus and content filtering software for PCs and networks connected to the Internet; and eToken for Internet security and authentication. Aladdin serves its customers through eight offices located in the world's major software markets, as well as a network of 50 distributors serving more than 100 countries. For more information visit our Website at www.eAladdin.com. Forward Looking Statement: Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the loss of market share, changes in consumer buying habits and other factors over which Aladdin Knowledge Systems Ltd. has little or no control. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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