The Marketing Alliance Announces Share Repurchase Program
MARKETING ALLIANCE INC (MAAL)
NASDAQ:AMEX Investor Relations:
themarketingalliance.com/shareholder-information/investor-contact-inquiry
Company Research
Source: GlobeNewswire
ST. LOUIS, Mo., Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced today the Company's Board of Directors has authorized a share repurchase program to repurchase up to 800,000 shares of the Company's issued and outstanding common stock, effective immediately and concluding September 30, 2025. Concurrent with this authorization the Board of Directors has decided to discontinue paying dividends effective immediately. Timothy Klusas, the Company's President and Chief Executive Officer, stated, “The share repurchase authorization represents our financial strength and commitment to enhance shareholder value, and the Board’s willingness to change tactics to do so. The Board recognized, nor did it take lightly, that this action would be a significant change in our shareholder distribution strategy of paying dividends, which the Company has paid consistently since its founding in 1996. The Board arrived at this decisio
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