Euroweb International Announces Purchases of Its Shares of Common Stock to Date in Accordance with its Repurchase Program
August 01 2006 - 4:02PM
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 (as approved by the Board of
Directors on June 20, 2006), the Company has purchased to date
98,926 shares at a total cost of $254,747.46, representing an
average repurchase cost of approximately $2.58 per share. 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 seeking
opportunities in the real estate industry through its wholly-owned
subsidiary, Euroweb RE Corp., a Nevada corporation. 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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