Diversified Corporate Resources Extends Stock Repurchase Program.Business Editors DALLAS--(BUSINESS WIRE)--Jan. 25, 2001 Diversified Corporate Resources, Inc. (AMEX AMEX See: American Stock Exchange :HIR pron. 1. See Here, pron. os> ) announced today that its Board of Directors has authorized an extension of the Company's 1999 common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. The extension authorizes Diversified to repurchase the remaining shares of its previously announced stock repurchase program. Purchases will be made on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. at the discretion of Company management, depending upon financial conditions, price, trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. , other market conditions and as otherwise permitted under applicable law. The Company is authorized to buy on any given day up to 25% of the average daily volume in the Company's common stock. There is no set time limit on the repurchases. In late 1999, the Board of Directors authorized the purchase of up to 250,000 shares of the Company's common stock, which resulted in the repurchase of approximately 92,000 shares with approximately 158,000 shares remaining. J. Michael Moore Diversified Corporate Resources, Inc. is a national employment services firm that provides professional and technical personnel on a contract and permanent placement basis to high-end, specialty employment markets, with a focus on the information technology (IT) market. The Company currently operates a nationwide network of offices to support its Fortune 500 client companies and others. Company Contact: Laurie Underwood, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Manager 972/458-8500. Additional information regarding Diversified Corporate Resources, Inc. can be found on the Company's Web site at http://www.dcri.net. This press 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 statements related to anticipated financial results. Actual results may differ materially from those projected in the forward-looking statements. These statements are based on current Company expectations and are subject to risk and uncertainties that may cause actual results to be materially different from those that may be implied by such forward-looking statements contained in the press release. Important factors that could result in such differences included: general economic conditions in the Company's markets, including inflation, recession, interest rates and other economic factors; the availability of qualified personnel; the level of competition experienced by the Company; the Company's ability to implement its business strategies and to manage its growth, including the ability to effectively integrate new acquisitions; the level of developmental revenues and expenses; the level of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. expenses; those factors identified in the Company's prospectus dated September, 30, 1997 as risk factors; and other factors that affect business generally. |
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