Thomas Group Announces Intention to Repurchase Stock under an Existing Stock Repurchase Program
March 06 2008 - 11:00AM
Business Wire
Thomas Group, Inc. (NasdaqGM:TGIS), a leading operations and
process improvement firm, announced today that its Board of
Directors has reaffirmed the company�s previously existing stock
purchase program and authorized the repurchase of shares of its
common stock under that program. A total of 505,450 shares,
representing approximately five percent of the company�s shares
outstanding, remain subject to repurchase under the program. This
repurchase program was initially announced in January 1999, but no
shares have been repurchased under the program since October 2001.
Thomas Group anticipates that purchases under the program will
occur from time to time in the open market, subject to market
conditions and in accordance with applicable laws, rules and
regulations, including Rule 10b-18 under the Securities Exchange
Act of 1934. The repurchase program may be suspended or
discontinued at any time. Thomas Group, Inc. (NasdaqGM:TGIS) is an
international, publicly-traded professional services firm
specializing in operational improvements. Thomas Group's unique
brand of process improvement and performance management services
enable businesses to enhance operations, improve productivity and
quality, reduce costs, generate cash and drive higher
profitability. Known for Breakthrough Process Performance, Thomas
Group creates and implements customized improvement strategies for
sustained performance improvements in all facets of the business
enterprise. Thomas Group has offices in Dallas, Detroit, and Hong
Kong. For more information, please visit www.thomasgroup.com. Safe
Harbor Statement under the Private Securities Litigation Reform
Act: Any statements in this release that are not strictly
historical statements, including statements about our beliefs and
expectations, are �forward-looking statements� within the meaning
of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by these statements, including
general economic and business conditions that may impact clients
and the Company�s revenues, timing and awarding of customer
contracts, revenue recognition, competition and cost factors as
well as other factors detailed from time to time in the Company�s
filings with the Securities and Exchange Commission, including the
Company�s Form 10-K for the year ended December 31, 2006. These
forward-looking statements may be identified by words such as
�anticipate,� �expect,� �suggests,� �plan,� �believe,� �intend,�
�estimates,� �targets,� �projects,� �could,� �should,� �may,�
�would,� �continue,� �forecast,� and other similar expressions.
These forward-looking statements speak only as of the date of this
release. Except as required by law, the Company expressly disclaims
any obligation or undertaking to disseminate any updates or
revisions to any forward-looking statement contained herein to
reflect any change in the Company�s expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based.
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