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Global Village To Repurchase Up To 500,000 Shares Of Common Stock.


SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 20, 1995--Global Village Communication, Inc. (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
: GVIL) Friday reported that its board of directors has authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 the repurchase re·pur·chase  
tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es
To buy (something) again.

n.
The act of buying something that one previously sold or owned.

Noun 1.
 of up to 500,000 shares of its common stock.

The shares may be purchased from time to time in the open market. The company intends to use the stock in connection with employee incentive stock plans.

Global Village has approximately 16.1 million shares of common stock outstanding.

The Company

Global Village is a leading supplier of easy-to-use communication products and services for personal computer users. The company develops, markets, and supports industry-acclaimed products, including the FaxWorks family of fax software for Windows, OS/2, and DOS; GlobalFax software for Macintosh; TelePort Verb 1. teleport - transport by dematerializing at one point and assembling at another
science fiction - literary fantasy involving the imagined impact of science on society

transport - move something or somebody around; usually over long distances
 and PowerPort fax/modems for Macintosh desktop and PowerBook computers; and the OneWorld line of plug-and-play telecommunications servers. The company reported revenues of $54.8 million for the nine-month period ending December 31, 1994.

CONTACT: Global Village Communication Inc.

James Walker James Walker may refer to a number of persons:
  • Jimmy Walker (1881–1946), born James J. Walker, a former mayor of New York City
  • Jimmy Walker (golfer), (born 1979) American golfer
  • James D.
, 408/523-2400 (investment community)

jwalker@globalvillag.com

Kathy Bower, 408/523-2260 (media)

kathy bower@globalvillag.com
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 20, 1995
Words:173
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