PR Newswire
MINNETONKA, Minn., Dec. 24, 2014
MINNETONKA, Minn., Dec. 24, 2014 /PRNewswire/ -- Table Trac, Inc. (OTCQB: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, today announced that it plans to repurchase outstanding shares of stock.
The repurchase will be made from time to time in privately negotiated transactions or in the open market, however, subject to market conditions and the market price of the common stock in accordance with Rule 10b-18.
Table Trac Interim CEO, Brian Hinchley stated, "With our share repurchase program announcement today, we reaffirm our confidence and optimism in the long-term future of the Company and our continued commitment to increase shareholder value." Hinchley added "Table Trac's management believes this is an attractive use of the Company's capital."
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
For more information:
Bob Siqveland, IR Director
Table Trac, Inc.
952-548-8877
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/table-trac-inc-announces-plan-to-buy-back-outstanding-shares-300013847.html
SOURCE Table Trac, Inc.