Volt Information Sciences Announces 1.5 Million Share Buyback Program
14 Januar 2015 - 11:57PM
Business Wire
Volt Information Sciences, Inc. (NYSE-MKT:VISI) today announced
that its Board of Directors has authorized a new repurchase program
of up to 1,500,000 shares of the Company's common stock, replacing
a prior program. Under the program, which will begin on January 19,
2015, shares will be repurchased at management's discretion through
open market or private transactions.
“Our new share repurchase program underscores our continued
commitment to building shareholder value. While we remain focused
on investing capital internally to fund growth of our business, we
will also make share repurchases as we strongly believe in the
Company and its future and believe that Volt’s share price does not
fully reflect the Company’s underlying value,” said Ron Kochman,
President and Chief Executive Officer.
Share repurchases under the program will be subject to specified
parameters and certain price and volume restraints and any
repurchased shares will be held in treasury. The exact number and
timing of share repurchases will depend upon market conditions and
other factors.
About Volt Information Sciences, Inc.
Volt Information Sciences, Inc. is an international provider of
staffing services (traditional time and materials based as well as
project based), information technology infrastructure services,
telecommunications infrastructure and security services, and
telephone directory publishing and printing in Uruguay. Our
staffing services consists of workforce solutions that include
providing contingent workers, personnel recruitment services, and
managed staffing services programs supporting primarily
professional administration, technical, information technology and
engineering positions. Our project based staffing assists with
individual customer assignments as well as customer care call
centers and gaming industry quality assurance testing services, and
our managed service programs consist of managing the procurement
and on-boarding of contingent workers for multiple providers. Our
information technology infrastructure services provide server,
storage, network and desktop IT hardware maintenance, data center
and network monitoring and operations. For more information visit
www.volt.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to a number of known and unknown risks, including, among
others, general economic, competitive and other business
conditions, the degree and timing of customer utilization and rate
of renewals of contracts with the company, and the degree of
success of business improvement initiatives that could cause actual
results, performance and achievements to differ materially from
those described or implied in the forward-looking statements.
Information concerning these and other factors that could cause
actual results to differ materially from those in the
forward-looking statements are contained in company reports filed
with the Securities and Exchange Commission. Copies of the
company’s latest Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q, as filed with the Securities and
Exchange Commission, are available without charge upon request to
Volt Information Sciences, Inc., 1065 Avenue of the Americas, New
York, New York 10018, Attention: Shareholder Relations,
212-704-7921. These and other SEC filings by the company are also
available to the public over the Internet at the SEC’s website at
http://www.sec.gov and at the company’s website at
http://www.volt.com in the Investor & Governance section.
Volt Information Sciences, Inc.James Whitney,
212-704-7921voltinvest@volt.com
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