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CIMCO INC. ANNOUNCES STOCK REPURCHASE PROGRAM EFFECTIVE IMMEDIATELY

CIMCO INC. ANNOUNCES STOCK REPURCHASE PROGRAM EFFECTIVE IMMEDIATELY
 COSTA MESA, Calif., Dec. 3 /PRNewswire/ -- CIMCO Inc. (NASDAQ: CIMC) today announced a stock repurchase program effective immediately. The board of directors has authorized repurchase of common stock up to $490,000 during the current fiscal year ending April 30, 1992. The board's authorization is based on their belief that CIMCO's purchase of its stock represents a prudent investment of corporate funds.
 Discretionary purchases will be made in the market from time to time at prevailing market prices.
 Founded in 1959, CIMCO Inc. is a major manufacturer of high performance plastic components, produced from specially formulated plastic compounds. The company supplies over 100 original equipment manufacturers in the electronics, computer, office equipment, construction and health care industries.
 -0- 12/3/91
 /CONTACT: S. Suki Shattuck of CIMCO, 714-546-4460; or Cecilia A. Wilkinson of Rifkind Pondel & Parsons, 213-207-9300, for CIMCO/
 (CIMC) CO: CIMCO ST: California IN: SU:


AL -- LA021 -- 8805 12/03/91 13:41 EST
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Publication:PR Newswire
Date:Dec 3, 1991
Words:163
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