Printer Friendly

THE FAILURE GROUP ANNOUNCES SHARE REPURCHASE

 MENLO PARK, Calif., Dec. 8 /PRNewswire/ -- The Failure Group Inc. (NASDAQ-NMS: FAIL) announced today that its board of directors has authorized a stock repurchase plan whereby up to $2,000,000 worth of its common stock may be repurchased in the open market from time to time.
 Michael R. Gaulke, president of The Failure Group, stated that, "Our board of directors felt that an investment in our own stock would be beneficial to The Failure Group and its stockholders." He noted that the corporation will utilize a portion of the reacquired shares for reissuance in connection with employee stock programs, but that there were no other specific plans for shares which might be purchased.
 The Failure Group Inc., through its operating subsidiaries, Failure Analysis Associates Inc. and PLG Inc., is a leading independent consulting firm devoted primarily to the investigation, analysis and prevention of failures of an engineering or scientific nature. Founded in 1967, the company operates 11 domestic and 5 international offices and is headquartered in Menlo Park.
 -0- 12/8/93
 /CONTACT: Michael R. Gaulke, president of The Failure Group, 415-326-9400/
 (FAIL)


CO: The Failure Group Inc. ST: California IN: SU:

TM-LW -- SJ002 -- 1588 12/08/93 07:52 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 8, 1993
Words:202
Previous Article:SOLECTRON FRANCE OBTAINS ISO 9002 CERTIFICATION; BALDRIGE AWARD-WINNING COMPANY REGISTERS ITS QUALITY PROGRAM IN FRANCE
Next Article:WHAT WILL THEY THINK OF NEXT? CRAYONS THAT GLOW IN THE DARK
Topics:

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