Bowlin Travel Centers Announces Stock Repurchase Program
September 29 2008 - 6:05AM
PR Newswire (US)
ALBUQUERQUE, N.M., Sept. 29 /PRNewswire-FirstCall/ -- Bowlin Travel
Centers, Inc. (OTC:BWTL) (BULLETIN BOARD: BWTL) announced today
that it plans to begin a stock repurchase program whereby up to one
million shares of its common stock may be repurchased in the open
market or in privately negotiated purchases from time to time,
depending on market conditions and other factors. The purchases
will be funded from available working capital and will be made in
accordance with applicable securities laws and regulations. The
Company currently has approximately 4,583,348 shares of common
stock outstanding. The Company's Chairman, President and CEO,
Michael L. Bowlin stated, "At current price levels, we believe
Bowlin Travel Centers common stock represents an attractive
investment opportunity for the Company. We view this repurchase
program as being an effective use of the Company's available cash
to enhance shareholder value." The Company operates full-service
travel centers and restaurants strategically located on major
interstate highways that offer brand name food and gasoline, and a
unique variety of Southwestern merchandise to the traveling public
in New Mexico and Arizona. Visit our web site at:
http://www.bowlintc.com/ For Further Information Contact: Michael
L. Bowlin, Chairman (505) 266-5985 Rudy R. Miller, Chairman and CEO
The Miller Group Investor Relations for the Company (602) 225-0504
DATASOURCE: Bowlin Travel Centers, Inc. CONTACT: Michael L. Bowlin,
Chairman of Bowlin Travel Centers, Inc., +1-505-266-5985; or
Investor Relations, Rudy R. Miller, Chairman and CEO of The Miller
Group, +1-602-225-0504, for Bowlin Travel Centers, Inc. Web site:
http://www.bowlintc.com/
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