Message #16 From:
NewsBot Date: October 27, 2006 04:06:00 AM
ABZT News Ablaze Technologies Announces Authorization of Share Repurchase
HOUSTON--(BUSINESS WIRE)--Ablaze Technologies, Inc. (OTC:ABZT), a results oriented internet
marketing company, announced today that its board of directors has
authorized the repurchase of up to 5 million shares of its common stock.
The shares repurchased will become treasury shares, and may be used in
the future for general corporate purposes, including share issuance
requirements in the context of an acquisition or exchange.
As of October 27, 2004, the company had 77,550,000 outstanding shares,
and its balance of cash and marketable securities was approximately $1.2
million.
Any share repurchases may be made, from time to time, in the open
market, through negotiated block trades or otherwise. Depending on
market conditions and other factors, these repurchases may be commenced
or suspended at any time, or from time to time, without prior notice.
Ablaze Technologies, Inc. through its OTC Services unit, operates an
online investment news network, as well as provides non-invasive,
web-based marketing services primarily to other public companies,
assisting in brand marketing and investor relations initiatives for
those clients. The Company typically receives cash and/or marketable
securities as fee income for its marketing and consulting services.
For more information about Ablaze Technologies, or to review our
complete financial statements and disclosures for the most recent
quarter, please visit our homepage at www.AblazeTech.com
or on www.Pinksheets.com. You
may also want to visit our business presentation pages at www.ProTrading.com.
To access FREE Level II Quote Montage, just request a regular quote on
Pinksheets.com for ABZT or visit this URL: http://www.pinksheets.com/quote/quote.jsp?symbol=abzt.
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of
1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are
subject to the safe harbor created by those rules. All statements, other
than statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives
of the company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications that may arise could prevent the prompt implementation of
any strategically significant plan(s) outlined above. The company
cautions that these forward-looking statements are further qualified by
other factors. The company undertakes no obligation to publicly update
or revise any statements in this release, whether as a result of new
information, future events or otherwise.
