The Marketing Alliance Announces 200,000 Share Repurchase Authorization
Sep 06, 2011
OTC Disclosure News Service
St. Louis, MO –
St. Louis, MO, September 6, 2011 – The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), a provider of services and distributor of products to independent insurance agencies throughout the United States, today announced that its Board of Directors has authorized TMA to repurchase up to 200,000 shares of TMA common stock. Currently, there are 2,091,735 shares of TMA common stock outstanding.
Timothy M. Klusas, President of TMA, stated, “Our establishment of this stock repurchase authorization provides us with the flexibility to repurchase shares. Further, the ability to repurchase shares is consistent with our goal of seeking additional ways to reward investors.”
Purchases pursuant to the program may be made from time to time, subject to market conditions, the Company’s share price, and other factors. Purchases may be effected on the open market or in privately negotiated transactions. The repurchase program may be modified, suspended, or discontinued at any time, and the program does not obligate TMA to make any stock purchases.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA is one of 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. Investor information can be accessed through the shareholder section of TMA’s website at http://www.themarketingalliance.com/si_who.cfm.
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.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.