posted
Here is the PR - the CEO himself stated in this PR that he himself is buying shares of his own company - a very positive sign in my opinion, and a significantly higher stock price in the future is most likely the result.
Press Release Source: Benacquista Galleries, Inc.
Benacquista Commences Share Buyback Program Thursday June 1, 1:08 pm ET
SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- Benacquista Galleries, Inc. (OTC Bulletin Board: BAQG - News) announced today it has commenced its previously announced share buyback program. ADVERTISEMENT
"On February 21, 2006 we announced that we would be buying back up to 200,000 shares of Benacquista's stock over the next 9-12 months. Today, we would like to report that the company has begun its share buyback program with a purchase of 15,000 shares at .40 cents on May 31st. As shareholders can see in my recently filed form 4, over the past week, I personally have purchased 49,900 shares at an average of .525 cents per share. For me, I can't see any better investment then shares in Benacquista Galleries. We have over four years of hard work in the development of the company and its products. Since the initial launch of the company's flagship product, The Farmacist Desk Reference (FDR) we have received outstanding success and great accolades from all. Author, Don Tolman has embarked on a 7 week tour promoting The FDR throughout the Pacific Rim including, Singapore, Australia, New Zealand, Fiji, and Hawaii. With the exciting launch of the Farmacist's Desk Reference (FDR), and our innovative new artist program we believe fully in our ability to grow Benacquista and its subsidiaries into serious players in their respective industries," stated Benacquista President, Jim Price.
About Benacquista Galleries, Inc.
Benacquista Galleries, Inc. seeks acquisitions and invests in early stage companies with a focus in the Art, Education and Publishing Industries. Benacquista was founded in 2002 and went public in 2005. The Benacquista Gallery of Companies consists of Benacquista Fine Art, Benacquista Publishing, YNOT Eduk8 and Physiognomy Interface Technologies. For further information on Benacquista visit www.benacquistagalleries.com.
Forward-looking statement
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.
-------------------------------------------------------------------------------- Source: Benacquista Galleries, Inc.
NOTE: ALL POSTS ARE MY OPINION ONLY AND THE RESULT OF MY DUE DILIGENCE AND RESEARCH
-------------------- This is all in my humble opinion only.
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