Harte-Hanks Announces Stock Repurchase Program
SAN ANTONIO, TX -- (Marketwire) -- 08/03/12 -- Harte-Hanks, Inc. (NYSE: HHS), a worldwide direct and targeted multichannel marketing company, today announced that it intends to purchase up to $10 million of its common stock in a stock repurchase program. The shares may be purchased from time to time at the discretion of management, through open market transactions, depending upon market conditions. Under the program, the purchases will be funded from available working capital and the repurchased shares will be held in treasury. The repurchase program does not obligate Harte-Hanks to repurchase any particular amount of common stock, and Harte-Hanks may discontinue or suspend purchases at any time at its discretion.
About Harte-Hanks ®
Harte-Hanks® is a worldwide direct and targeted marketing company that provides multichannel direct and digital marketing services and shopper advertising opportunities to a wide range of local, regional, national and international consumer and business-to-business marketers. Harte-Hanks Direct Marketing helps its clients obtain insight about their customers through database and marketing analytics. Based on that insight Harte-Hanks Direct Marketing designs, implements and executes multichannel marketing programs on behalf of its clients using direct and digital communications. Harte-Hanks Shoppers is North America's largest owner, operator, and distributor of shopper products which bring buyers and sellers together at a local level through its proven multichannel offerings, including targeted print, digital advertising, and classifieds. Its print publications are zoned into approximately 950 separate editions and reach 11.2 million addresses each week in California and Florida. Shoppers also provide advertisers with PowerSites" to help small- and medium-size businesses establish a web presence and improve lead generation, PowerClick" SEM services, and mobile distribution of their ads and coupons. For consumers, PennySaverUSA.com" and TheFlyer.com" offer local online and mobile classifieds for garage sales, pets, used and new cars, real estate, as well as thousands of coupons and business listings. Visit us at http://www.PennySaverUSA.com, http://www.TheFlyer.com, and http://www.PowerSites.net.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the federal securities laws. All such statements are qualified by this cautionary note, which is provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements other than historical facts are forward-looking and may be identified by words such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "seeks," "could," "intends," or words of similar meaning. Examples include statements regarding the extent and timing of any stock repurchases the expected source of funds for any stock repurchases and the ability to discontinue or suspend purchases. These forward-looking statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements. These risks, uncertainties, assumptions and other factors include, without limitation, the availability of working capital and market conditions, and other factors discussed under "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2011. The forward-looking statements in this press release are made only as of the date hereof (or thereof) and we undertake no obligation to update publicly any forward-looking statement, even if new information becomes available or other events occur in the future.
Source: Harte-Hanks, Inc.