Stamps.com® (Nasdaq: STMP), the leading provider of postage
online and shipping software, today announced that on March 8,
2019, the Board of Directors approved a new share repurchase plan
that will take effect March 14, 2019 and authorizes the Company to
repurchase up to $60 million of stock over the six months following
its effective date.
About Stamps.com, Endicia, ShipStation, ShipWorks,
ShippingEasy and MetaPack
Stamps.com (Nasdaq: STMP) is the leading provider of postage
online and shipping software solutions to customers, including
consumers, small businesses, e-commerce shippers, enterprises, and
high volume shippers. Stamps.com offers solutions that help
businesses run their shipping operations more smoothly and function
more successfully under the brand names Stamps.com, Endicia,
ShipStation, ShipWorks, ShippingEasy and MetaPack. Stamps.com’s
family of brands provides seamless access to mailing and shipping
services through integrations with more than 500 unique partner
applications.
Endicia is a leading brand for high volume shipping technologies
and services for U.S. Postal Service shipping. Under this brand we
offer solutions that help businesses run their shipping operations
more smoothly and function more successfully. Our Endicia branded
solutions also provide seamless access to USPS shipping services
through integrations with partner applications.
ShipStation is a leading web-based shipping solution that helps
e-commerce retailers import, organize, process, package, and ship
their orders quickly and easily from any web browser. ShipStation
features the most integrations of any e-commerce web-based solution
with more than 300 shopping carts, marketplaces, package carriers,
and fulfillment services. Integration partners include eBay,
PayPal, Amazon, Etsy, Square, Shopify, BigCommerce, Volusion,
Magento, Squarespace, and carriers such as USPS, UPS, FedEx and
DHL. ShipStation has sophisticated automation features such as
automated order importing, custom hierarchical rules, product
profiles, and fulfillment solutions that enable its customers to
complete their orders, wherever they sell, and however they
ship.
ShipWorks is a leading brand for client-based shipping solutions
that help high volume shippers import, organize, process, fulfill,
and ship their orders quickly and easily from any standard PC. With
integrations to more than 100 shopping carts, marketplaces, package
carriers, and fulfillment services, ShipWorks has the most
integrations of any high-volume client shipping solution. Package
carriers include USPS, UPS, FedEx, DHL, OnTrac and many more.
Marketplace and shopping cart integrations include eBay, PayPal,
Amazon, Etsy, Shopify, BigCommerce, Volusion, ChannelAdvisor,
Magento, and many more. ShipWorks has sophisticated automation
features such as a custom rules engine, automated order importing,
automatic product profile detection, and fulfillment automation,
which enable high volume shippers to complete their orders quickly
and efficiently.
ShippingEasy is a leading web-based shipping software solution
that allows online retailers and e-commerce merchants to organize,
process, fulfill and ship their orders quickly and easily.
ShippingEasy integrates with leading marketplaces, shopping carts,
and e-commerce platforms to allow order fulfillment and tracking
data to populate in real time across all systems. The ShippingEasy
software downloads orders from selling channels and automatically
maps custom shipping preferences, rates and delivery options across
all supported carriers.
MetaPack helps e-commerce and delivery professionals to meet
with the consumer’s growing expectations of delivery, while
maintaining and optimizing operational efficiency. MetaPack’s SaaS
solution offers a wide range of personalized delivery services,
from global order tracking to simplified return procedures, through
a catalog of more than 450 carriers and 5,000 services available
that span every country in the world.
Share Repurchase Timing
The timing of share repurchases, if any, and the number of
shares to be bought at any one time will depend on factors
including market conditions and the Company’s compliance with the
covenants in its Credit Agreement. Share repurchases may be made
from time to time on the open market or in negotiated transactions
at the Company’s discretion in compliance with Rule 10b-18 of the
United States Securities and Exchange Commission. The Company’s
purchase of any of its shares may be subject to limitations imposed
on such purchases by applicable securities laws and regulations and
the rules of the Nasdaq Stock Market.
"Safe Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995
This release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements are statements that
are not historical facts, and may relate to future events or the
company’s anticipated results, business strategies or capital
requirements, among other things, all of which involve risks and
uncertainties. You can identify many (but not all) such
forward-looking statements by looking for words such as “assumes,”
“approximates,” “believes,” “expects,” “anticipates,” “estimates,”
“projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or
other similar expressions. Important factors which could cause
actual results to differ materially from those in the
forward-looking statements, include those detailed in filings with
the Securities and Exchange Commission made from time to time by
Stamps.com, including its Annual Report on Form 10-K for the year
ended December 31, 2018. Matters described in forward-looking
statements may also be affected by other known and unknown risks,
trends, uncertainties and factors, many of which are beyond the
company’s ability to control or predict. Stamps.com undertakes no
obligation to release publicly any revisions to any forward-looking
statements to reflect events or circumstances after the date hereof
or to reflect the occurrence of unanticipated events.
Trademarks
Stamps.com, the Stamps.com logo, Endicia, ShipStation, ShipWorks
and ShippingEasy are registered trademarks of Stamps.com Inc. and
its subsidiaries, and MetaPack is a trade mark of MetaPack
registered in the UK Intellectual Property Office. All other brands
and names used in this release are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20190311005760/en/
Investor Contact:Suzanne
ParkStamps.com Investor Relations(310) 482-5830invrel@stamps.com
Press Contact:Eric NashStamps.com
Public Relations(310) 482-5942enash@stamps.com
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