Computer Concepts Corp. Announces Stock Repurchase Plan; Will Purchase Up to 1,000,000 CCEE Shares.BOHEMIA, N.Y.--(BUSINESS WIRE)--August 19, 1999-- COMPUTER CONCEPTS CORP. (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 : CCEE CCEE Conseil des Conférences Episcopales Européennes (Switzerland) CCEE Câmara de Comercialização de Energia Elétrica CCEE Consilium Conferentiarum Episcoporum Europae (Council of European Bishops' Conferences) ) said today that its Board of Directors has authorized the purchase of up to 1,000,000 shares of the company's common stock. The purchases will be made in the open market based on market conditions from time to time by a brokerage firm or firms pursuant to applicable SEC and NASDAQ rules. The company noted that the authorization was in furtherance fur·ther·ance n. The act of furthering, advancing, or helping forward: "Pakistan does not aspire to any . . . role in furtherance of the strategies of other powers" Ismail Patel. of the January, 1999 plan which was adopted subject to further review of the market and the company's finances. "Considering current market conditions, we believe Computer Concepts Corp. stock represents an attractive investment opportunity for the company with the intent to enhance the company's value for its shareholders." This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. , Registration Statements and other Security and Exchange Commission filings including specifically, among other factors, changing political, marketing and economic conditions, adoption and timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express and ComputerCOP applications. Quarterly results are not indicative of annual results and substantial variances from quarter to quarter may occur. Actual results may differ materially from any 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. in the release. Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data with an application focus in the telecommunications billing and call detail market. The d.b.Express Internet ServerTM and JAVA Applet A Java program that is downloaded from the server and run from the browser. The Java Virtual Machine built into the browser is interpreting the instructions. Contrast with Java application. have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading. ComputerCOP provides unsophisticated computer users with the ability to simply and easily find objectionable sites and materials which have been accessed over the internet or are otherwise resident in a computer. |
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