DES PLAINES, Ill., Oct. 13 /PRNewswire-FirstCall/ -- Lawson Products, Inc.
(Nasdaq: LAWS) announced that its board of directors recently authorized a
stock repurchase program to buy back up to 500,000 shares of its common stock.
To date, Lawson Products has purchased 397,425 shares under a previously
approved stock repurchase program. As a result, with this new authorization,
Lawson Products now has the authority to buy back up to 602,575 shares of its
Future repurchases may be made in the open market, in privately negotiated
transactions or otherwise, depending on market conditions, share availability
and other factors. Lawson Products also intends to use a corporate 10b5-1 plan
to provide it with flexibility to repurchase shares during its blackout
Lawson Products is an international seller and distributor of systems,
services and products to the industrial, commercial and institutional
maintenance, repair and replacement marketplace. Lawson Products also
manufactures, sells and distributes production and specialized component parts
to the original equipment marketplace, including the automotive, appliance,
aerospace, construction and transportation industries.
This press release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are
difficult to predict. These statements are based on management's current
expectations, intentions or beliefs and are subject to a number of factors,
assumptions and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. Lawson
Products undertakes no obligation to update any such factor or to publicly
announce the results of any revisions to any forward-looking statements
contained herein whether as a result of new information, future events or
SOURCE Lawson Products, Inc.
/CONTACT: Thomas Neri, Executive VP CFO-Corporate Planning of Lawson
Products, Inc., +1-847-827-9666/
CO: Lawson Products, Inc.
IN: MAC CPR AUT
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7362 10/13/2004 17:50 EDT http://www.prnewswire.com