Flanders Common Stock Buyback Program Authorized.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 14, 1998--Flanders 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 :FLDR FLDR Florida Dachshund Rescue FLDR Flight Loads Data Recorder FLDR Folder ) Tuesday announced that its board of directors has authorized a common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program for up to 1 million shares of the company's common stock. The stock will be repurchased, at the discretion of the board, from time to time on the open market between now and Dec. 31, 1998. "Our investment in the future continues," said Robert Amerson, president and chief executive officer. "We have initiated the stock buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. program to further demonstrate our commitment to stockholder value." Flanders Corp. designs, manufactures and markets a full range of air filtration products ranging from high performance laminar flow laminar flow Fluid flow in which the fluid travels smoothly or in regular paths. The velocity, pressure, and other flow properties at each point in the fluid remain constant. high efficiency particulate air filters and carbon filters for semiconductor manufacturing facilities to residential furnace filters. Flanders' air filtration products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing. For further information on Flanders and its products, visit its web site at http://www.flanderscorp.com/ or contact Steven Clark at 919/946-8081. CONTACT: Flanders Corp., Washington, N.C. Steven Clark, 919/946-8081 |
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