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Press Releases
Global Sources Announces $50 Million Share Buyback Program
NEW YORK, February 4, 2008 – Global Sources Ltd. (NASDAQ: GSOL) announced today its board of directors has authorized a program to buyback up to $50 million of common shares. The company intends, from time to time, as business conditions warrant, to purchase shares in the open market or through private transactions.
The buyback program does not obligate the company to buyback any specific number of shares and may be suspended or terminated at any time at management's discretion. The timing and amount of any buyback of shares will be determined by management, based on its evaluation of market conditions and other factors. As of January 31, 2008, the company had approximately 46.6 million shares outstanding. Safe Harbor Statement This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements. |
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