Sunday, May 19, 2019

Qualstar Initiates $2.4 Million Stock Repurchase Program

BWW News Desk
December 06, 2018

a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwqualstarcom2Fampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorQualstarCorporationampindex1ampmd52e48c9f8a1f2989a0a4c19b2070b2bba relnofollowQualstar Corporationa NASDAQ a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwqualstarcom2Fampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorQBAKampindex2ampmd5ff817919481d3a86179c048502d9ca89 relnofollowQBAKa a leader in providing tapebased data storage solutions announced its Board of Directors approved a stock repurchase program for up to 24 million of the companys outstanding common stock pblockquotep idpullquotepblockquote p The stock buyback program which is effective immediately permits the company to repurchase shares from time to time through open market purchases The actual timing number and value of shares repurchased under the program will be determined in the Companys discretion and will depend on a number of factors including the market price of Qualstars stock general market and economic conditions and applicable legal requirements The program will expire on December 5 2019 unless extended p p ibAbout Qualstar Corporationbi p p iQualstar founded in 1984 is a diversified electronics manufacturer specializing in data storage and power supplies Qualstar is a leading provider of high efficiency and highdensity power supplies marketed under the N2Power brand and of data storage systems marketed under the Qualstar brand Our N2Power power supply products provide compact and efficient power conversion for a wide variety of industries and applications including but not limited to telecom networking broadcast industrial lighting gaming and test equipment Our Qualstar data storage products are used to provide highly scalable and reliable solutions to store and retrieve very large quantities of electronic data Qualstars products are known throughout the world for high quality and Simply Reliable designs that provide years of troublefree service More information is available at ia referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwqualstarcomampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorwwwqualstarcomampindex3ampmd580497b6a6a277ec951353b3fa96ed66c relnofollowiwwwqualstarcomiai or ia referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwn2powercomampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorwwwn2powercomampindex4ampmd5cc74ddaec61f7bf1b665235a95983ca1 relnofollowiwwwn2powercomiai or by phone at 8055837744 Connect with Qualstar on LinkedIn or Twitteri p p ibCautionary Statement Concerning ForwardLooking Statementsbi p p iStatements used in this press release that relate to future plans events financial results prospects or performance are forwardlooking statements as defined under the Private Securities Litigation Reform Act of 1995 and include statements about the share repurchase program approved by Qualstars board of directors All statements other than statements of historical fact are statements that could be deemed forwardlooking statements These forwardlooking statements are based upon the current expectations and beliefs of Qualstars management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forwardlooking statements including without limitation the following the extent of our cash position from time to time and alternative uses of cash our operating performance and the nature and amount of cash generated from operations economic business and market factors affecting the market price of our common stock including factors that may be unrelated to our performance and general market economic and business conditionsi iFor further information on these risks and uncertainties please refer to the risk factors discussed in Qualstars filings with the US Securities and Exchange Commission including but not limited to Qualstars Annual Report on Form 10K for the fiscal year ended December 31 2017 the Managements Discussion and Analysis of Financial Condition and Results of Operations section of such Form 10K and any subsequently filed reports All of Qualstars filings are available without charge through the SECs website ia referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwsecgovampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorwwwsecgovampindex5ampmd5da8cda0acd49384e3a737880de694a2d relnofollowiwwwsecgoviai or from Qualstars website ia referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwqualstarcomampesheet51910814ampnewsitemid20181206005969amplanenUSampanchorwwwqualstarcomampindex6ampmd590181f24c55479f12afd092bb12797a8 relnofollowiwwwqualstarcomiaiThe information contained in this press release is as of the date of this press release Notwithstanding changes that may occur with respect to matters relating to any forwardlooking statements Qualstar does not expect to and disclaims any obligation to publicly update any forwardlooking statements whether as a result of new information future events or otherwise Qualstar however reserves the right to update such statements or any portion thereof at any time for any reasoni p

SOURCE: BUSINESS WIRE. ©2015 Business Wire


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