The Marketing Alliance Announces Stock Repurchase Program; Board of Directors Authorizes Company to Purchase up to 100,000 Share
August 24 2005 - 7:23AM
Business Wire
The Marketing Alliance, Inc. (Pink Sheets: MAAL) ("TMA"), a
consortium of independent life insurance brokerage general agencies
located throughout the United States, today announced that its
Board of Directors has authorized a program allowing the Company to
repurchase up to 100,000 shares of TMA common stock until December
31, 2006. The shares may be purchased from time to time in open
market transactions depending on price and availability, however
there are no assurances that purchases will be made. At June 30,
2005, there were approximately 2.0 million shares of TMA common
stock outstanding. Timothy M. Klusas, TMA's President, stated,
"This authorization allows TMA to return a larger portion of its
cash flow to investors, while retaining flexibility with the
balance of its free cash. This authorization also reflects the
Board's continued confidence in the Company's future prospects."
ABOUT THE MARKETING ALLIANCE, INC. Headquartered in Pittsburgh, PA,
TMA is one the largest organizations providing support to
independent insurance brokerage agencies, with a goal of providing
members value-added services on a more efficient basis than they
can achieve individually. TMA's network is comprised of
approximately 150 independent life brokerage and general agencies
in 43 states. Investor information can be accessed through the
shareholder section of TMA's website at
http://www.themarketingalliance.com/si_who.cfm. FORWARD LOOKING
STATEMENT Investors are cautioned that forward-looking statements
involve risks and uncertainties that may affect TMA's business and
prospects. Any forward-looking statements contained in this press
release represent our estimates only as of the date hereof, or as
of such earlier dates as are indicated, and should not be relied
upon as representing our estimates as of any subsequent date. These
statements involve a number of risks and uncertainties, including,
but not limited to, general changes in economic conditions. While
we may elect to update forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so.
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