TransAct Technologies Repurchases 490,000 Shares of Company's Common Stock
TransAct Technologies Repurchases 490,000 Shares of Company's Common Stock
HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct Technologies Incorporated (NAS: TACT) , a global leader in market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries, today repurchased 490,000 shares of its common stock at $8.75 per share, for total consideration of approximately $4.3 million. The shares were repurchased at market and represent approximately 5.6% of the Company's outstanding common stock.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and manufacturing market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. These industries include casino and gaming, lottery, food safety, banking, point-of-sale, hospitality, oil and gas, and medical and mobile. Each individual market has distinct, critical requirements for printing and the transaction is not complete until the receipt and/or ticket is produced. TransAct printers and products are designed from the ground up based on market-specific requirements and are sold under the Ithaca®, Epic, EPICENTRAL® and Printrex® product brands. TransAct distributes its printers through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over 2.4 million printers installed around the world. TransAct is also committed to providing world-class printer service, spare parts, accessories and printing supplies to its growing worldwide installed base of printers. Through its TransAct Services Group, TransAct provides a complete range of supplies and consumable items used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets. Through its webstore, http://www.transactsupplies.com, and a direct selling team, TransAct addresses the on-line demand for these products. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call 203.859.6800.
Investor:
TransAct Technologies Incorporated
Steve DeMartino
President and Chief Financial Officer
203-859-6810
or
JCIR
Richard Land, Joseph Jaffoni, Jim Leahy
212-835-8500 or tact@jcir.com
KEYWORDS: United States North America Connecticut
INDUSTRY KEYWORDS:
The article TransAct Technologies Repurchases 490,000 Shares of Company's Common Stock originally appeared on Fool.com.
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