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RESOURCE RECYCLING TECHNOLOGIES ANNOUNCES STOCK BUYBACK

 RESOURCE RECYCLING TECHNOLOGIES ANNOUNCES STOCK BUYBACK
 BINGHAMTON, N.Y., Dec. 11 /PRNewswire/ -- Resource Recycling


Technologies, Inc. (AMEX: RRT) announced today that its board of directors has approved a stock repurchase plan under which the company will repurchase up to 5 percent (up to 133,000 shares) of the company's outstanding common stock (2,657,073 shares) from time to time in the open market. The plan will remain in effect for a period not to exceed 60 days commencing today.
 Lawrence J. Schorr, RRT's president and chief operating officer, stated, "We believe that RRT is currently priced significantly below its current and potential value."
 Resource Recycling Technologies is a vertically integrated organization dedicated to the advancement of recycling programs and technologies, and the development of new markets for secondary materials.
 -0- 12/11/91
 /CONTACT: Lawrence J. Schorr of Resource Recycling, 607-798-7137/
 (RRT) CO: Resource Recycling Technologies, Inc. ST: New York IN: SU:


CK-JT -- NY027 -- 1398 12/11/91 11:04 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 11, 1991
Words:162
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