Alpine Lace Brands announces stock repurchase.MAPLEWOOD Maplewood. 1 Village (1990 pop. 30,954), Ramsey co., SE Minn., a growing residential suburb of St. Paul; inc. 1957. 2 City (1990 pop. 9,962), St. Louis co., E Mo., a suburb of St. Louis; settled 1825, inc. 1908. , N.J.--(BUSINESS WIRE)--April 30, 1996--Alpine Lace Brands Inc. (The "company") (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 : LACE) announced today that it intends to initiate open market or privately negotiated purchases of shares of its common stock. Carl T. Wolf, chairman of the board and chief executive officer, stated that at recent price levels the shares were an attractive investment opportunity. The company has not determined how many shares may be purchased or the time period during which the purchases would be made, although it is expected that purchases initially would not exceed 150,000 of the company's approximately five million outstanding shares. The actual number of shares purchased, the time of purchases and the prices at which they will be purchased will be dependent upon future market conditions. Alpine ALPINE Antihypertensive Treatment and Lipid Profile in a North of Sweden Efficacy Evaluation (drug trial) ALPINE Advanced Logistics Program Integration and Engineering Lace Brands Inc. currently has $1 million bank commitment to effect such repurchases. Alpine Lace Brands Inc. develops and markets a full line of low salt and low cholesterol cheeses, as well as a full line of fat free cheeses, all sold under the Alpine Lace(R) label. The company's primary product lines provide nutritionally superior cheese products while meeting consumer demands concerning taste and product quality. Through its Marolf Dakota Farms Cheese Inc. subsidiary, the company converts and packages the company's warehouse and club store cheeses as well as dairy case sliced cheeses. In addition, through MCT See Microsoft certification. Dairies Inc., the company engages in the cheese and dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl commodity trading business. CONTACT: Alpine Lace Brands Inc., Maplewood Arthur Karmel, 201/378-8600 ext. 145 or 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 Joseph A. Mansi/Adam Friedman 212/682-6300 ext. 205/215 |
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