VARITRONICS INCREASES SHARE REPURCHASE AUTHORIZATION
VARITRONICS INCREASES SHARE REPURCHASE AUTHORIZATION MINNEAPOLIS, April 10 /PRNewswire/ -- Varitronic Systems, Inc.
(NASDAQ: VRSY) announced today that its board of directors has increased the number of shares authorized to be purchased under the company's share repurchase program by 500,000 shares, or approximately 16 percent of the company's outstanding common stock.
Purchases will be made in the open market or in privately negotiated transactions from time to time as the company deems appropriate. There are currently 3,195,427 shares of the company's common stock outstanding. Varitronics is a Minnesota-based developer, manufacturer and marketer of graphics products that enhance the quality, professionalism and effectiveness of a wide range of communications. -0- 4/10/92 /CONTACT: Debbie Moore of Varitronics, 612-542-1500/ (VRSY) CO: Varitronic Systems, Inc. ST: Minnesota IN: SU:
KH -- MN005 -- 7210 04/10/92 11:57 EDT
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|Date:||Apr 10, 1992|
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