SPAR Group Board Authorizes Expansion of Stock Repurchase Program
SPAR Group Board Authorizes Expansion of Stock Repurchase Program
Jun 17, 2003
SPAR Group Board Authorizes Expansion of Stock Repurchase Program
Bob Brown, SPAR Group's chairman and chief executive officer, said the board's action reflects the company's favorable long-term outlook. He said that the company has repurchased 100,000 shares of its common stock which was the maximum allowed under SPAR Group's original buyback program that went into effect in August 2002.
SPAR Group, Inc. is a diversified marketing services company that provides a broad array of productivity enhancing products and services to help Fortune 1000 companies improve their sales, operating efficiency and profits. The company provides in-store merchandising, database and research services to general retail, mass market, drug, and grocery chains both throughout the United States and internationally.
Certain statements in this news release are forward-looking and involve a number of risks and uncertainties (both known and unknown). Information and other factors that could affect future results, performance or trends are discussed in SPAR Group's annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time.
SPAR Group Board Authorizes Expansion of Stock Repurchase Program
TARRYTOWN, N.Y., June 17, 2003 -- SPAR Group, Inc. (Nasdaq:SGRP) today announced that its board of directors has authorized the purchase of an additional 100,000 shares of the company's common stock. The company said purchases will be made from time to time in open market transactions.Bob Brown, SPAR Group's chairman and chief executive officer, said the board's action reflects the company's favorable long-term outlook. He said that the company has repurchased 100,000 shares of its common stock which was the maximum allowed under SPAR Group's original buyback program that went into effect in August 2002.
SPAR Group, Inc. is a diversified marketing services company that provides a broad array of productivity enhancing products and services to help Fortune 1000 companies improve their sales, operating efficiency and profits. The company provides in-store merchandising, database and research services to general retail, mass market, drug, and grocery chains both throughout the United States and internationally.
Certain statements in this news release are forward-looking and involve a number of risks and uncertainties (both known and unknown). Information and other factors that could affect future results, performance or trends are discussed in SPAR Group's annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time.
Contact: SPAR Group, Inc.
Charles Cimitile, 914/332-4100
or
PondelWilkinson MS&L
Roger S. Pondel, 323/866-6060