HOUSTON, TX--(Marketwire - 02/24/10) - Bederra Corporation (Pinksheets:BEDA - News), a Houston, Texas-based diversified medical services provider, has announced that the Board of Directors met to confirm a buyback of the Company's issued and outstanding common stock and to approve the financing of the company's buyback program. The Board confirmed that the buyback is in the best interests of increased shareholder value and for the enhanced efficacy of pending and future mergers and acquisitions relative to the company's common stock price per share. The Board also specifically noted that the company's appearance on the Regulation SHO data in recent months as further cause for such a proactive measure from management.
The company will initiate a common share buyback program using a percentage of both future revenues and financing options to purchase up to 50 percent of its outstanding "public float" -- the free trading share component of the total shares issued and outstanding. Management noted that financing is being arranged through private investors.
As stated in a previous press release, the company believes that despite marked progress in liquidity, visibility and price per share in recent months, the current share price is still undervalued rendering mergers and acquisitions more difficult. With pending acquisition negotiations ongoing, management stated that its direct action to enhance shareholder value is critical to future growth and so in the best interest of shareholders and the company.
About Bederra Corp.
http://www.bederra.com
Bederra Corporation provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
http://finance.yahoo.com/news/Bederr....html?x=0&.v=1
BEDA - Great Booster News $$$$ Bederra Corporation Announces Stock Buyback Agree
Re: BEDA - Great Booster News $$$$ Bederra Corporation Announces Stock Buyback Agree
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