Astro-Med Reports Stock Buy-Back.WEST WARWICK, R.I.--(BUSINESS WIRE)--Sept. 2, 1998--Astro-Med, Inc., (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 :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) announced today that on August 31, 1998, it repurchased 150,000 shares of its common stock in the open market at 5 9/16 per share; director Hermann Viets purchased 25,000 shares at 5 9/16 on the same date. On August 25, 1998, Astro-Med repurchased 27,900 shares of its common stock in the open market at 5 1/8. These combined purchases by the Company represent about 4% of the total shares outstanding. Since the Company's stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program began in 1996, Astro-Med has repurchased a total of 534,224 shares of its common stock. Commented Albert W. Ondis, Chief Executive Officer: "Acquiring shares at about $2 per share below book value is an excellent investment for the Company." Astro-Med, Inc. is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medicalapplications. 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. Statement This message contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The factors that could cause actual results to differ materially include the following: general economic conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in the data acquisition, digital color printing, and neurophysiology neurophysiology /neu·ro·phys·i·ol·o·gy/ (-fiz?e-ol´ah-je) physiology of the nervous system. neu·ro·phys·i·ol·o·gy n. markets, included but not limited to the electronic, printing, and medical markets; competitive factors and pricing pressures; changes in product mix; changes in the seasonality of demand patterns; the timely development and acceptance of new products; inventory risks due to shifts in market demand; component constraints and shortages; risk of non-payment of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying ; ramp up and expansion of manufacturing capacity; and the risks described from time to time in Astro-Med's SEC reports.
CONTACT: Astro-Med Inc., West Warwick
Albert W. Ondis, 401/828-4000
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