WordLogic Announces Stock Repurchase Program, Could They Be Going Private Again?

BY: 

Dave Forde
August 27, 2012

WordLogic Corporation, a predictive intelligence technology company that markets patented solutions for the mobile, tablet, and desktop computer industry, announced that its Board of Directors has authorized the Company to repurchase up to 5,000,000 shares of WordLogic’ outstanding common stock over a 12-month period commencing on August 20, 2012. Purchases would be made from time to time in the open market and through privately-negotiated transactions, subject to general market and other conditions.

Mr. Frank Evanshen, President and CEO of WordLogic, stated, “We’re pleased that the strength of our business fundamentals allows us to demonstrate our confidence through this stock repurchase program. This investment by the Company reflects our positive outlook on our cash-flow and earnings going forward.”

Any repurchased shares will have the status of treasury shares and may be used, if and when needed, for general corporate purposes. WordLogic has no obligation to repurchase shares under the authorization, and the timing, actual number and value of the shares which are repurchased will be at the discretion of management and will depend on a number of factors, including the price of the Company’s common stock. The Company may suspend or discontinue repurchases at any time, and maybe this is all part of a larger plan on behalf of the Board of Directors to take the company private again.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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