Ableauctions Purchases 3.7 Million Shares in Buyback Program
Published January 8th, 2008
Ableauctions.com (AMEX: AAC ) has purchased back in excess of 3.7 million shares of its own stock since initiating the stock purchase program in July 2007. The company intends to continue purchasing its shares back in the market from time to time at its own discretion with currently available cash reserves. No specific number of shares or dollar value has been established.
The company is a high-tech liquidator and on-line auction facilitator that operates the domains iCollector.com, Naalive.com, and Unlimited Closeouts.com. As an on-line auction facilitator, the company has developed technology to broadcast auctions over the Internet, and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet
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