Facebook Twitter LinkedIn Google Plus RSS

Single Touch announces repurchase

By ,

Jersey City-based Single Touch Systems Inc., a technology-based mobile media solutions provider, announced today its board approved a stock buyback program to purchase up to 20 million shares of its common stock in open market transactions or private purchases.

According to the announcement, the company currently has 136 million shares outstanding. The program will commence immediately. Shares bought back under the share repurchase program are to be funded from available working capital, retired, and then returned to the company's treasury.

The company appointed a chief financial officer earlier this month.

Also Popular on NJBIZ

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy