Cetek Technologies Board Approves 500 Million Share Stock Repurchase Program.

Business Editors

POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)--Oct. 16, 2002

Cetek Technologies Inc. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) :CTKT) announced today the company's board of directors has approved a stock repurchase Stock repurchase

A firm's repurchase of outstanding shares of its common stock. program. This program, which will become effective from Oct. 17, allows for Cetek to make open market transactions to purchase shares of Cetek Technologies Inc. The program allows for up to 500 million shares to be bought over an unspecified time period.

Cetek Technologies is based in Poughkeepsie and is a specialty material company with a focus in ceramic substrate applications for the electronic industry. The U.S. Dept. of Commerce in 1996 recognized Cetek's proprietary process when they were awarded a contract to develop the material for the back plane of the FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display.

(2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. (flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time ) video technology.

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Publication:	Business Wire
Date:	Oct 16, 2002
Words:	171
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