Euroweb International Corp. Announces Purchases of Its Shares of Common Stock to Date in Accordance with Its Repurchase Program
06 Septiembre 2006 - 3:52PM
Business Wire
Euroweb International Corp. ("Euroweb", Nasdaq capital Market -
EWEB), announced today that in accordance with the Company's
program to repurchase shares of the Company's common stock in the
open market or in private transactions, the Company has purchased,
as of September 5, 2006, 199,418 shares at a total cost of
$466,776.44. The Shemano Group is acting as the Company's
representative in connection with the Repurchase Program. Yossi
Attia, CEO of the Euroweb, stated "Although Euroweb cannot provide
any guarantees, the company is satisfied with the results to date
and it intends to continue to implement its repurchase program
through December 15, 2006 or until the maximum 700,000 shares have
been purchased." About Euroweb International Corp. Euroweb
International owns and operates an IT outsourcing company in
Hungary through its wholly owned subsidiary, Navigator Informatika
Rt. and is currently developing opportunities in the real estate
industry through its wholly-owned subsidiary, Euroweb RE Corp., a
Nevada corporation, and in other areas through various joint
ventures. Euroweb's common stock is traded on the Nasdaq Capital
Market under the symbol "EWEB". For more information about the
Company go to: www.euroweb-international.com. "SAFE HARBOR
STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995 This press release contains forward-looking statements that
involve risks and uncertainties. The statements in this Release are
forward-looking statements that are made pursuant to safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
Actual results, events and performance could vary materially from
those contemplated by these forward-looking statements. These
statements involve known and unknown risks and uncertainties, which
may cause Euroweb International Corp's actual results in future
periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include,
among other things, product demand and market competition. You
should independently investigate and fully understand all risks
before making investment decisions.
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