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ABZT -- Ablaze Technologies, Inc. Com ($0.0001)
Ablaze Technologies Announces Authorization of Share Repurchase
Ablaze Technologies Announces Authorization of Share Repurchase
HOUSTON--(BUSINESS WIRE)--November 3, 2006--Ablaze Technologies, Inc. (OTC: ABZT), a results oriented internet marketing company, announced today that its board of directors has authorized the repurchase of up to 5 million shares of its common stock.
The shares repurchased will become treasury shares, and may be used in the future for general corporate purposes, including share issuance requirements in the context of an acquisition or exchange.
As of October 27, 2004, the company had 77,550,000 outstanding shares, and its balance of cash and marketable securities was approximately $1.2 million.
Any share repurchases may be made, from time to time, in the open market, through negotiated block trades or otherwise. Depending on market conditions and other factors, these repurchases may be commenced or suspended at any time, or from time to time, without prior notice.
Ablaze Technologies, Inc. through its OTC Services unit, operates an online investment news network, as well as provides non-invasive, web-based marketing services primarily to other public companies, assisting in brand marketing and investor relations initiatives for those clients. The Company typically receives cash and/or marketable securities as fee income for its marketing and consulting services.
For more information about Ablaze Technologies, or to review our complete financial statements and disclosures for the most recent quarter, please visit our homepage at www.AblazeTech.com or on Pink Sheets -- Electronic Quotation and Trading System for OTC Securities. You may also want to visit our business presentation pages at ProTrading.com - Your Market Management Specialist. To access FREE Level II Quote Montage, just request a regular quote on Pinksheets.com for ABZT or visit this URL: Pink Sheets -- Electronic Quotation and Trading System for OTC Securities.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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matto, this is repeated PR from October 27 - stock jumps from .06 to .10 and back to .07 in few days. Why do you expect something up on Monday? Just curious…
Ablaze Technologies Announces Authorization of Share Repurchase
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
Ablaze Technologies, Inc. (OTC:ABZT), a results oriented internet marketing company, announced today that its board of directors has authorized the repurchase of up to 5 million shares of its common stock.
The shares repurchased will become treasury shares, and may be used in the future for general corporate purposes, including share issuance requirements in the context of an acquisition or exchange.
As of October 27, 2004, the company had 77,550,000 outstanding shares, and its balance of cash and marketable securities was approximately $1.2 million.
Any share repurchases may be made, from time to time, in the open market, through negotiated block trades or otherwise. Depending on market conditions and other factors, these repurchases may be commenced or suspended at any time, or from time to time, without prior notice.
Ablaze Technologies, Inc. through its OTC Services unit, operates an online investment news network, as well as provides non-invasive, web-based marketing services primarily to other public companies, assisting in brand marketing and investor relations initiatives for those clients. The Company typically receives cash and/or marketable securities as fee income for its marketing and consulting services.
For more information about Ablaze Technologies, or to review our complete financial statements and disclosures for the most recent quarter, please visit our homepage at www.AblazeTech.com or on www.Pinksheets.com. You may also want to visit our business presentation pages at www.ProTrading.com. To access FREE Level II Quote Montage, just request a regular quote on Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Source: Ablaze Technologies, Inc.
Posts: 1580 | From: World | Registered: Jul 2006
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