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Jupiter Global Holdings, Corp. Announces Board of Directors Approves Stock Buyback Program 1/9/2006 12:27:26 PM LAS VEGAS, NV, Jan 09, 2006 (MARKET WIRE via COMTEX) -- Jupiter Global Holdings, Corp. ("JUPITER" or the "Company") ( JPHC ) today announces its Board of Directors has approved a stock buyback program for the Company to repurchase up to one billion of its outstanding shares of common stock.
JUPITER'S stock buyback program for the year 2006, approved by the Board of Directors, authorizes the Company to buy back up to one billion of the Company's outstanding common stock from the open market public float over the next year. The specific timing and amount of repurchases will vary based on market conditions, securities law limitations and other factors. The stock buy back will be executed utilizing JUPITER's cash resources and the program may be suspended or discontinued by the Board of Directors at any time without prior notice.
The Company believes this buy back program should improve shareholder value and the Company's ability to attract financing and other acquisitions.
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