Cemtrex Repurchases Over 130,000 CETX Shares
March 13 2017 - 8:30AM
Business Wire
Purchase reflects the company’s Bullish Outlook
on growth prospects
Cemtrex Inc. (Nasdaq: CETX), a world-leading industrial and
manufacturing solutions company, announced today that the Company
has acquired 130,409 shares of Cemtrex common stock during the past
ten days. Combined with the previously announced purchase of
201,430 shares, this brings the total shares repurchased by the
company to 331,839 which are now classified as treasury shares.
The Company’s purchase was made under the share repurchase
authorization that Cemtrex’s board of directors approved in 2016
for the repurchase of up to one million outstanding shares over a
12 month period, depending on market conditions. This purchase
reflects the company’s confidence in its outlook and growth
prospects and management’s belief that the shares are extremely
undervalued at their current prices.
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial
and manufacturing company that provides a wide array of solutions
to meet today’s technology challenges and is rapidly growing
through acquisitions. Cemtrex provides manufacturing services of
advanced custom-engineered electronics, industrial contracting
services, monitoring instruments for industrial processes and
environmental compliance, and equipment for controlling
particulates, hazardous pollutants, and Greenhouse gases used in
carbon trading globally.www.cemtrex.com
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, the matters set forth
herein that are forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ.
Potential risks and uncertainties include, but are not limited to,
Cemtrex's expectations and beliefs regarding the unpredictability
and cost of litigation, changes in the trading market for our
securities, and general economic and market condition; and the
other risk factors set forth from time to time in our filings with
the SEC, including our Annual Report on Form 10-K for the fiscal
year ended September 30, 2016, and the Company's periodic filings
with the SEC, copies of which are available free of charge at the
SEC's website at www.sec.gov or upon request from
Cemtrex. All forward-looking statements herein reflect our
opinions only as of the date of this release. These
statements are not guarantees of future performance and actual
results could differ materially from our current expectations.
Cemtrex undertakes no obligation, and expressly disclaims any
obligation, to update forward-looking statements herein in light of
new information or future events, except as required by federal
securities laws.
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Investors:Cemtrex, Inc.Investor
Relations631-756-9116investors@cemtrex.comorIRTH
CommunicationsAndrew HaagManaging
Partner866-976-4784CETX@irthcommunications.com
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