CTG Announces Extension of 10b5-1 Plan to Facilitate Share Repurchases

    CTG Announces Extension of 10b5-1 Plan to Facilitate Share Repurchases

PR Newswire

BUFFALO, N.Y., Jan. 3, 2013

BUFFALO, N.Y., Jan. 3, 2013 /PRNewswire/ -- CTG (NASDAQ: CTGX), an information
technology (IT) solutions and services company, today announced that it has
extended a stock repurchase plan under Rule 10b5-1 of the Securities and
Exchange Commission (the "Company 10b5-1 Plan") to facilitate the repurchase
of its common stock. The Company had approximately 535,000 shares available
for repurchase as of December 31, 2012 under its outstanding repurchase
authorizations. 

"We are again extending our 10b5-1 plan as it gives us the ability to
repurchase shares during our self-imposed blackout periods prior to the
announcement of quarterly results," said CTG Chairman and Chief Executive
Officer James R. Boldt.

The plan is effective from January 4, 2013 until the day following the
Company's release of its 2012 fourth quarter financial results. CTG's 10b5-1
plan allows for the repurchase of shares during the time following the close
of a quarter and the announcement of quarterly financial results when the
Company's stock repurchase policy does not allow for the direct purchase of
shares by the Company. Repurchases are subject to SEC regulations as well as
certain price, market, volume, and timing constraints specified in the plan.
The plan does not require that any shares be purchased.

About CTG

CTG develops innovative IT solutions to address the business needs and
challenges of companies in several higher-growth industries including
healthcare, energy, and technology services. As a leading provider of IT and
business consulting solutions to the healthcare market, CTG offers hospitals,
physician groups, and regional health information exchanges a full range of
electronic medical record services. Additionally, CTG has developed for the
healthcare provider and payer markets unique, proprietary software solutions
that support better and lower cost healthcare. CTG also provides managed
services IT staffing for major technology companies and large corporations.
Backed by over 45 years' experience, proprietary methodologies, and an ISO
9001-certified management system, CTG has a proven track record of delivering
high-value, industry-specific solutions. CTG operates in North America and
Western Europe. CTG posts news and other important information on the Web at
www.ctg.com.

Safe Harbor Statement

This document contains certain forward-looking statements concerning the
Company's current expectations as to future growth. These statements are based
upon a review of industry reports, current business conditions in the areas
where the Company does business, the availability of qualified professional
staff, the demand for the Company's services, and other factors that involve
risk and uncertainty. As such, actual results may differ materially in
response to a change in such factors. Such forward-looking statements should
be read in conjunction with the Company's disclosures set forth in the
Company's 2011 Form 10-K, which is incorporated by reference. The Company
assumes no obligation to update the forward-looking information contained in
this release.

CTGX-g

SOURCE CTG

Website: http://www.ctg.com
Contact: Investors and Media: James R. Boldt, Chairman and Chief Executive
Officer, +1-716-887-7244; Investors: Brendan Harrington, Senior Vice President
and Chief Financial Officer, +1-716-888-3634
 
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