Printer Friendly

ROADMASTER TO REPURCHASE SHARES

 ROADMASTER TO REPURCHASE SHARES
 ENGLEWOOD, Colo., Sept. 11 /PRNewswire/ -- Roadmaster Industries


Inc. (RMI) (NASDAQ: WHEL) announced today that RMI and its operating subsidiary, Roadmaster Corp., have been authorized by their boards of directors to make private and open market purchases from time to time of up to 1,800,000 shares of RMI's common stock. These shares are being repurchased to support the company's ongoing employee stock option and warrant programs for key management personnel and employees, officers and directors.
 RMI Chairman, Henry Fong, said, "This further confirms RMI's commitment to its management personnel and employees, officers and directors to share in the ownership and growth of RMI."
 Roadmaster Industries Inc., operates through its two wholly owned subsidiaries, Roadmaster Corp. and Hamilton Lamp Corp. as well as its majority owned subsidiary, International Sports and Fitness, Inc. Roadmaster Corp. is a leading designer and manufacturer of Roadmaster junior wheel goods, Roadmaster bicycles and Vitamaster fitness equipment. Hamilton Lamp Corp. is a leading manufacturer of lamps and replacement shades. International Sports and Fitness, Inc. through its wholly owned subsidiary, Roadmaster Leisure Inc., markets and distributes a broad range of sporting goods and recreational products, including Roadmaster Corp. products, in Canada.
 -0- 9/11/92
 /CONTACT: Thomas B. Olson of Roadmaster Industries, Inc., 303-290-8150/
 (WHEL) CO: Roadmaster Industries Inc. ST: Colorado IN: SU:


KJ -- LA006 -- 8328 09/11/92 08:45 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:Sep 11, 1992
Words:229
Previous Article:CIRCUIT CITY STORES, INC. REPORTS SECOND QUARTER RESULTS
Next Article:CHUBB DECLARES DIVIDEND
Topics:


Related Articles
ROADMASTER FORECASTS RECORD 1992 REVENUES COMPANY AND DP END MERGER NEGOTIATIONS
ROADMASTER REPORTS RECORD MID-YEAR RESULTS; SALES INCREASE BY 34 PERCENT AND EARNINGS FOR SIX MONTHS REACH 4 CENTS PER SHARE
ROADMASTER POSTS RECORD RESULTS; THIRD QUARTER AND NINE MONTH SALES & EARNINGS HIGHEST IN COMPANY'S HISTORY
ROADMASTER INDUSTRIES SIGNS LETTER OF INTENT FOR $30 MILLION FINANCING
ROADMASTER INDUSTRIES COMPLETES RECORD 1992 FOR BOTH REVENUES AND EARNINGS; COMPANY REPORTS AN EARNINGS PER SHARE INCREASE OF 163 PERCENT
ROADMASTER REPORTS RECORD FIRST QUARTER; SALES INCREASE BY OVER 25 PERCENT; EARNINGS FOR QUARTER REACH 4 CENTS PER SHARE
ROADMASTER COMPLETES $100 MILLION OFFERING
ACTAVA GROUP ANNOUNCES AGREEMENT TO COMBINE ITS SPORTING GOODS COMPANIES WITH ROADMASTER INDUSTRIES, INC.
Hamilton Lamp realigns.
Accent names nat'l sales mgr.

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