clickNsettle.com Announces Board Approval to Purchase Up to 1,600,002 Shares Of Its Common Stock
March 12 2004 - 8:30AM
PR Newswire (US)
clickNsettle.com Announces Board Approval to Purchase Up to
1,600,002 Shares Of Its Common Stock GREAT NECK, N.Y., March 12
/PRNewswire-FirstCall/ -- clickNsettle.com, Inc. (BULLETIN BOARD:
CLIK/BSE: NAM) announced that its Board of Directors has approved
the extension of its March 1998 Purchase Plan, pursuant to which
the number of shares of Common Stock of the Company eligible for
buyback remained at an aggregate of 1,600,002 shares. To date, the
Company has purchased 252,498 shares of its Common Stock in the
open market under the Purchase Plan. Under the Plan, purchases may
continue at any time and may be discontinued at any time during the
term of the Purchase Plan without purchasing all of the shares and
without notice. The source of funds for the purchase of the shares
will be from the Company's general corporate funds, and any shares
purchased will be held in treasury. About clickNsettle.com
Headquartered in Great Neck, New York, clickNsettle.com, Inc.
provides innovative and highly effective dispute resolution
services and solutions to entities that seek alternatives to the
traditional and often time-consuming and expensive legal process.
clickNsettle.com, the parent company of National Arbitration and
Mediation (NAM), offersa comprehensive selection of some of the
finest lawyers globally, with more than 1,700 top-tier former
judges and attorneys worldwide. Additionally, the company has a
number of inventions designed to enhance transparency and ensure
the integrity of ADR(alternative dispute resolution) initiatives.
Although the dispute resolution industry is still relatively young,
clickNsettle.com has been recognized nationally as a leader in the
field and the NAM brand name is well established within the legal
and business communities. DATASOURCE: clickNsettle.com, Inc.
CONTACT: Roy Israel, 1-800-358-2550, for clickNsettle.com Web site:
http://www.clicknsettle.com/
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