Bio-logic Systems Announces Stock Repurchase.Business Editors MUNDELEIN, Ill.--(BUSINESS WIRE)--Nov. 20, 2002 Bio-logic Systems Corp. (Nasdaq: BLSC BLSc Bachelor of Library Science BLSC Black Lion Swimming Club (UK) BLSC Boulders, Silt and Clay (lithological term) BLSC Bond Lake Skating Club (Oak Ridges, Ontario, Canada) ), a designer and marketer of computerized medical electro diagnostic equipment, today announced the Board of Directors has authorized the company to repurchase up to 250,000 shares of Bio-logic's common stock from time-to-time in the open market or in privately negotiated transactions, depending on market conditions, share price and other factors. Gabriel Raviv, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented, "The Board's approval of this program reflects a strong belief in Bio-logic's future and that the current valuation does not reflect the underlying long term value of the company. Bio-logic's balance sheet continues to remain strong with approximately $9.0 million in cash and no debt. We believe repurchasing stock underscores our commitment to enhancing shareholder value, while continuing to grow operations internally and take advantage of new opportunities." Bio-logic Systems Corp., headquartered in Mundelein, IL, designs, develops, assembles and markets computer-based electro diagnostic systems for use by hospitals, clinics, universities and physicians. The systems conduct tests that are typically used by medical practitioners to aid in the diagnosis of certain neurological disorders This is a list of major and frequently observed neurological disorders (e.g. Alzheimer's disease), symptoms (e.g.back pain), signs (e.g. aphasia) and syndromes (e.g. Aicardi syndrome). , brain disorders and tumors, and sensory disorders, including audiological and hearing screening and diagnosis. Except for descriptions of historical facts, this release contains 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. , including those pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the company's stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. , that involve known and unknown risks, which may cause the company's actual results in the future to differ materially from those currently anticipated. These risks include, among others, fluctuations in sales and operating results; the company's ability to recruit and train the necessary number of sales representatives and installation technicians; risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. including monetary crisis; regulatory, competitive and contractual risks; the effects of economic conditions; and the availability of capital to finance planned growth, as well as other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion