EMJ Announces Share Buy Back.GUELPH, ONTARIO--(BUSINESS WIRE)--March 27, 1998--EMJ Data Systems Ltd(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :EMJ EMJ Emergency Medicine Journal .) EMJ Data Systems has received board approval for a normal course issuer bid for its Common Shares through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . The Corporation intends to purchase up to a maximum of 356,212 shares being 5 percent of the 7,124,247 Common Shares outstanding as at March 26, 1998. The bid will commence once regulatory approval has been obtained and will continue up to a period of 12 months, unless the maximum number of shares purchasable hereunder Adv. 1. hereunder - in a subsequent part of this document or statement or matter etc.; "the landlord demises unto the tenant the premises hereinafter called the demised premises"; "the terms specified hereunder" hereafter, hereinafter 2. has been acquired before such time. The Company has not purchased any of its own shares in the preceding twelve months. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. president, Jim Estill, "We decided to do this because we believe our stock is undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. at this time." The company also realizes that one of the reasons that the stock is undervalued is because the company shares are very tightly held. The company does expect to expand the float over the coming year, if the price reaches an acceptable level. EMJ Data Systems Ltd., headquartered in Guelph, Ontario, is a Canadian, publicly-owned distributor of computer products and peripherals. EMJ specializes in high-performance products for Apple, Internet, client/server and Unix, point-of-sale and CD-Recordable technology. EMJ Data Systems Ltd. has branch offices in Vancouver, Calgary, Winnipeg, Montreal and Halifax, as well as three offices in the United States. Interested parties can reach EMJ through the Internet by sending e-mail to infocan@emj.ca or via the world wide web at http://www.emj.ca. CONTACT: EMJ Data Systems Ltd. Jim Estill, 519/837-2444, ext. 213 jestill@emj.ca |
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