Printer Friendly

INTERFACE SYSTEMS, INC. ANNOUNCES REPURCHASE OF SHARES

 INTERFACE SYSTEMS, INC. ANNOUNCES REPURCHASE OF SHARES
 ANN ARBOR, Mich., Aug. 12 /PRNewswire/ -- Interface Systems


(NASDAQ-NMS: INTF) today announced it has repurchased 150,000 shares of its own common stock in private transactions.
 Carl Bixby, president and chief executive officer, announced that the board of directors has authorized the repurchase of additional shares in open market transactions. "We believe the current price is undervalued and the board of directors has confidence in the company's future, which makes repurchasing our own shares very attractive," Bixby said.
 Ann Arbor-based Interface Systems is a diversified manufacturer of high-technology products. The company and its subsidiaries manufacture plug-compatible printers for IBM mainframe and midrange computer systems; PC-to-mainframe data communications systems; industrial-grade computers and computer terminals, called industrial workstations; and custom printed circuit boards.
 -0- 8/12/92
 /CONTACT: Carl L. Bixby, president and CEO, Interface Systems, Inc., 313-769-5900/
 (INTF) CO: Interface Systems, Inc. ST: Michigan IN: CPR SU:


JG -- DE024 -- 6295 08/12/92 15:26 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 12, 1992
Words:162
Previous Article:USLIFE INCOME FUND REPORTS OPERATING RESULTS FOR FISCAL YEAR ENDED JUNE 30, 1992; QUARTERLY DIVIDEND DECLARED
Next Article:COEUR D'ALENE MINES REPORTS SECOND-QUARTER AND FIRST-HALF 1992 RESULTS
Topics:


Related Articles
INTERFACE SYSTEMS, INC. ANNOUNCES PRELIMINARY FISCAL 1992 RESULTS; REVENUES UP 25 PERCENT, EARNINGS DOUBLE
INTERFACE SYSTEMS, INC. ANNOUNCES THE SPIN-OFF OF NEMATRON CORPORATION
PSC TO REPURCHASE SHARES
INTERFACE SYSTEMS, INC. DECLARES QUARTERLY DIVIDEND
Three-Five Systems, Inc. Announces Share Buyback
Walker Interactive Systems Authorized to Repurchase Additional Stock
Interface Increases Size of Share Repurchase Program.
SBE Announces Stock Repurchase Program.
Interface Declares Regular Quarterly Dividend - Company Increases Size of Share Repurchase Program -.
Community Bank System Announces Continuation of Stock Repurchase and Declares Dividend.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters