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| XO Group Announces New $20 Million Stock Repurchase Program |
—Company Completed Repurchase of
“We believe that XO Group’s stock repurchase represents an excellent
long-term investment and demonstrates our continued commitment to
enhancing shareholder value,” said The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time.
The repurchase program will be funded using the Company’s working
capital. As of
Under the prior program, the Company repurchased approximately 2.4
million shares of common stock for
About
This release may contain projections or other forward-looking statements
regarding future events or our future financial performance. These
statements are only predictions and reflect our current beliefs and
expectations. Actual events or results may differ materially from those
contained in the projections or forward-looking statements. It is
routine for internal projections and expectations to change as the
quarter progresses, and therefore it should be clearly understood that
the internal projections and beliefs upon which we base our expectations
may change prior to the end of the quarter. Although these expectations
may change, we will not necessarily inform you if they do. Our policy is
to provide expectations not more than once per quarter, and not to
update that information until the next quarter. Some of the factors that
could cause actual results to differ materially from the forward-looking
statements contained herein include, without limitation, (i) our online
wedding-related and other websites may fail to generate sufficient
revenue to survive over the long term, (ii) our history of losses, (iii)
inability to adjust spending quickly enough to offset any unexpected
revenue shortfall, (iv) delays or cancellations in spending by our
advertisers and sponsors, (v) the significant fluctuation to which our
quarterly revenue and operating results are subject, (vi) the
seasonality of the wedding industry, (vii) our expectation of a decline
in
Source:
XO Group Inc.
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