ClearOne's Board of Directors Authorizes Stock Buy-Back

           ClearOne's Board of Directors Authorizes Stock Buy-Back

PR Newswire

SALT LAKE CITY, Feb. 21, 2013

SALT LAKE CITY, Feb. 21, 2013 /PRNewswire/ -- ClearOne (NASDAQ: CLRO) today
announced that the company's Board of Directors has approved an increase in
the company's stock repurchase program from $3.0 million to $10.0 million of
its outstanding shares of common stock. Under the initial program implemented
May 16, 2012, ClearOne was authorized to repurchase up to $2 million of its
outstanding shares of common stock from time to time over a twelve-month
period. On July 30, 2012, the Board of Directors increased the amount
approved for repurchase from $2.0 million to $3.0 million. The Board approval
on February 20, 2013 increases the amount the company may repurchase from $3.0
million to $10.0 million in open market or privately negotiated transactions
depending on prevailing market conditions and other factors. All purchases
will be executed in accordance with applicable federal securities laws.

"We believe our current stock price does not reflect our intrinsic value and
the growth opportunities available to us. Our comfortable cash balance will
support our decision to invest in ourselves by increasing the volume of the
repurchase program," said Zee Hakimoglu, President, Chief Executive Officer
and Chairman of ClearOne.

About ClearOne
ClearOne is a global company that designs, develops and sells conferencing,
collaboration, streaming and digital signage solutions for audio visual
communications. The performance and simplicity of its advanced comprehensive
solutions enhance the quality of life. ClearOne products offer unprecedented
levels of functionality, reliability and scalability. More information about
the company can be found at www.clearone.com.

This release contains "forward-looking" statements that are based on present
circumstances and on ClearOne's predictions with respect to events that have
not occurred, that may not occur, or that may occur with different
consequences and timing than those now assumed or anticipated. Such
forward-looking statements, including any statements of the plans and
objectives of management for future operations, are not guarantees of future
performance or results and involve risks and uncertainties that could cause
actual events or results to differ materially from the events or results
described in the forward-looking statements. Such forward-looking statements
are made only as of the date of this release and ClearOne assumes no
obligation to update forward-looking statements to reflect subsequent events
or circumstances. Readers should not place undue reliance on these
forward-looking statements.

Contact:
Brent Johnson
Investor Relations
801-303-3577
brent.johnson@clearone.com

SOURCE ClearOne

Website: http://www.clearone.com
 
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