AuthentiDate Holding Corporation -AHC- Announces Stock Buy-Back Program.Business Editors SCHENECTADY, N.Y.--(BUSINESS WIRE)--Oct. 2, 2001 AuthentiDate Holding Corporation (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 : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ) today announced that its Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the repurchase of up $500,000 of the Company's common stock. As of June 30, 2001, AuthentiDate Holding Corporation had 16.1 million shares outstanding. AuthentiDate Holding Corp. indicated that purchases will be made from time to time in open market transactions subject to market conditions and the market price of the common stock. John Botti Raphael Jose Botti (born February 23, 1981) simply known as Botti, is a Brazilian professional footballer. He plays as a midfilder for Vissel Kobe. Botti is a hard-working and talented player who may not get on the scoresheet too often – just 14 times in his five years , the Company's Chairman of the Board stated, "The Board of Directors is taking this action because it believes that the Company's current and future growth prospects are very attractive and, from time to time, the share price does not properly reflect that outlook due to the volatility of the stock markets." About AuthentiDate - "The Trusted Content Authority" As businesses move towards a rapidly increasing number of paperless transactions, AuthentiDate is positioning itself as the Trusted Content Authority. AuthentiDate's patent-pending technology addresses the need for the verification of digital information in all business processes. The AuthentiDate solution eliminates the alteration of any electronic file without detection, enabling users to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. a file's originality o·rig·i·nal·i·ty n. pl. o·rig·i·nal·i·ties 1. The quality of being original. 2. The capacity to act or think independently. 3. Something original. Noun 1. with true evidentiary ev·i·den·tia·ry adj. Law 1. Of evidence; evidential. 2. For the presentation or determination of evidence: an evidentiary hearing. Adj. 1. status, insured to protect all parties. By "AuthentiDating" electronic files, customers are provided a time and date stamped Verb 1. date stamp - stamp with a date; "The package is dated November 24" date date - provide with a dateline; mark with a date; "She wrote the letter on Monday but she dated it Saturday so as not to reveal that she procrastinated" record of a file's content. At any time in the future, they are able to check a document, spreadsheet, e-mail, digital image and digital recording against the stored AuthentiDate code, to prove its originality. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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