Interactive Intelligence Plans to Repurchase Shares of its Common Stock
November 13 2003 - 6:18PM
PR Newswire (US)
Interactive Intelligence Plans to Repurchase Shares of its Common
Stock INDIANAPOLIS, Nov. 13 /PRNewswire-FirstCall/ -- Interactive
Intelligence Inc. , a global developer of software for IP
telephony, contact center automation and unified communications,
today announced that it's planning a stock repurchase program
whereby up to 100,000 shares of its common stock may be purchased
periodically on the open market. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO ) The decision
was made in view of the current price at which the company's stock
is trading, according to Interactive Intelligence president and
chief executive officer, Dr. Donald E. Brown. "We believe our
repurchase program has the potential to elevate the trading price
of our stock to the point where it more accurately reflects its
true value," Brown said. "As a result, we are much more likely to
maintain market capitalization in compliance with Nasdaq National
Market listing standards." Interactive Intelligence plans to
finance the repurchase of its stock with cash. In connection with
employee stock option programs, the company has no other specific
plans for the shares, which might be acquired pursuant to the
repurchase program. About Interactive Intelligence Inc. Interactive
Intelligence Inc. (NASDAQ:ININ) is a global developer of software
for IP telephony, contact center automation and unified
communications. The company was founded in 1994 and has more than
1,000 customers worldwide. Awards include Software Magazine's 2002
Top 500 Global Software and Services Companies, the Deloitte &
Touche 2002 Technology Fast 500, Network Computing Magazine's 2003
Editor's Choice, and Internet Telephony Magazine's 2003 Editor's
Choice. Interactive Intelligence employs approximately 350 people
and is headquartered in Indianapolis, Ind. The company has 12
offices throughout North America, Europe and Asia. Its telephone
number is +1 317.872.3000; on the Web: http://www.inin.com/ . This
release contains certain forward-looking statements that involve a
number of risks and uncertainties. Among the factors that could
cause actual results to differ materially are the following: rapid
technological changes in the industry, volatility in the market
price of the company's common stock; the company's ability to
achieve profitability, to manage successfully its growth and
increasingly complex third party relationships, to maintain
successful relationships with its current and any new resellers, to
maintain and improve its current products and to develop new
products and to protect its proprietary rights adequately; and
other factors described in the company's SEC filings, including the
company's latest annual report on Form 10-K and its quarterly
reports on Form 10-Q. Interactive Intelligence Inc. is the owner of
the marks INTERACTIVE INTELLIGENCE, its associated LOGO and
numerous other marks. All other trademarks mentioned in this
document are the property of their respective owners. Contact:
Stephen R. Head Chief Financial Officer Interactive Intelligence
Inc. +1 317.715.8412
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO
http://photoarchive.ap.org/ DATASOURCE: Interactive Intelligence
Inc. CONTACT: Stephen R. Head, Chief Financial Officer of
Interactive Intelligence Inc., +1-317-715-8412, or Web site:
http://www.inin.com/
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