American Homestar Corporation Announces Series C Common Stock Repurchase Transaction.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- American Homestar Corporation (Pink Sheets:AHMS AHMS Advanced Health Management System (NASA) AHMS Asociación Hijas de Maria Seiquer (Association of Daughters of Maria Seiquer, Guatemala) AHMS At Her Majesty Service ) (the "Company") today announced that it has purchased 1,341,597 shares of its Series "C" Common Stock, in a negotiated transaction, from one of its shareholders for $1,019,614. The Company did not solicit the offer nor does it have a formal stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program currently in place. The shares will be held as treasury shares. The Company issued Series "C" Common Stock to its former creditors in connection with the Company's reorganization in 2001. The Series "C" Common Stock is currently traded on the Over-the-Counter "Pink Sheets" Market under the trading symbol Trading symbol See: Ticker symbol "AHMS." American Homestar Corporation produces and sells manufactured homes (both HUD-code and Modular) from its two production facilities in Texas and its 30 retail centers in Texas, Oklahoma and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . The Company also arranges for financing and insurance for its customers. For more information contact the Company's website at www.americanhomestar.com. |
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