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Alpha Pro Tech Continues Stock Repurchase Program with an Additional $500,000 Buyback; Announcement Marks Fifth Consecutive Approved Buyback.


Business Editors

NOGALES Nogales (nōgä`lās), city (1990 pop. 19,489), Santa Cruz co., S Ariz. on the Mexican border with its adjacent city, Nogales (1990 pop. 105,873), Sonora, NW Mexico. There are copper, silver, and lead mines. , Ariz.--(BUSINESS WIRE)--March 11, 2003

Alpha Pro Tech, Ltd. (AMEX AMEX

See: American Stock Exchange
:APT)(CHX See Chicago Stock Exchange.

CHX

See Chicago Stock Exchange (CHX).
:APT) announced today that its Board of Directors has authorized the repurchase of an additional $500,000 worth of shares of the Company's outstanding Common Stock.

This new round of share repurchases follows the completion of four previous buyback programs authorized by the Board of Directors since December 1999, which total $2 Million. In all instances, the Company is retiring the shares.

Al Millar, President of Alpha Pro Tech, Ltd. commented, "We are pleased to announce our fifth $500,000 stock buyback Stock buyback

A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share.


stock buyback

See buyback.
 program as we believe, at current levels, our stock is undervalued Undervalued

A stock or other security that is trading below its true value.

Notes:
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating.
. The buyback is a prudent use of our corporate resources as we now have an excellent opportunity to both increase shareholders' equity Shareholders' Equity

A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares.
 and demonstrate our extreme confidence in the Company's growth strategy."

Alpha Pro Tech, Ltd. develops, manufactures and markets innovative disposable and limited-use protective apparel products for the medical, dental, industrial, clean room and food service markets. The Company has manufacturing facilities in Salt Lake City, Utah For ships of the United States Navy of the same name, see .
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C.
; Nogales, Arizona; Janesville, Wisconsin; Valdosta, Georgia; and Benjamin Hill, Mexico. For more information visit Alpha Pro Tech's Website at http://www.alphaprotech.com.

This news release contains forward-looking statements that are made pursuant to the Safe Harbor 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. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in registration statements, annual reports and other periodic reports and filings of the Company filed with the Securities and Exchange Commission. All statements, other than statements of historical facts, which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. As a result, there can be no assurance that the Company's future results will not be materially different from those described herein as "believed," "anticipated," "estimated" or "expected," which reflect the current views of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Mar 11, 2003
Words:395
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