Insignia Systems, Inc. Announces Stock Repurchase Plan
MINNEAPOLIS -- December 5, 2013
Insignia Systems, Inc. (NASDAQ:ISIG) announced today that the Company’s Board
of Directors approved a Stock Repurchase Plan authorizing the Company to
repurchase up to $5,000,000 of the Company’s common stock. The announcement
reflects the Board’s desire to return value to shareholders and its continuing
efforts to investigate uses of the Company’s cash. The Company will fund
repurchases through cash on hand and future cash flow from operations.
Shares may be purchased from time to time on the open market or in privately
negotiated transactions until December 3, 2015. The plan does not obligate the
Company to acquire any particular amount of common stock, and purchases under
the plan may be commenced, suspended or discontinued at any time at its
Insignia Systems, Inc. is a developer and marketer of in-store media
solutions, programs and services to retailers and consumer goods
manufacturers. Through its Point-Of-Purchase Services (POPS) business,
Insignia inspires shoppers and delivers value by providing at-shelf
advertising solutions in over 13,000 chain retail supermarkets, over 1,700
mass merchants and 7,000 dollar stores. Through the nationwide POPS network,
over 200 major consumer goods manufacturers, including Armour-Eckrich, General
Mills, Hormel, Kellogg Company and Nestlé, have taken their brand messages to
the point-of-purchase. For additional information, contact (888)474-7677, or
visit the Insignia website at www.insigniasystems.com.
Insignia Systems, Inc.
John Gonsior, CFO
763-392-6200 or 800-874-4648
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