ClearOne Adds $1.0 Million to Share Repurchase Plan
August 2007, the company has repurchased approximately 660,000 shares of
its common stock at total cost of $3.6 million, representing the full
amount of the share repurchase plan approved by its board of directors
in August 2007.
On April 29, the Company's board of directors
authorized the purchase of up to an additional $1.0 million of the
company's common stock through August 2008 in
open market and private block transactions.
About ClearOne
ClearOne is a communications solutions company that develops and sells
audio conferencing systems and other related products for audio, video,
and web conferencing applications. The reliability, flexibility, and
performance of ClearOne's comprehensive
solutions create a natural communications environment, which saves
organizations time and money by enabling more effective and efficient
communication. For more information, visit ClearOne's
website at www.clearone.com.
This release contains "forward-looking"
statements that are based on present circumstances and on ClearOne's
predictions with respect to events that have not occurred, that may not
occur, or that may occur with different consequences and timing than
those now assumed or anticipated.Such forward-looking
statements, including statements regarding the company's
ability to successfully commercialize newerproducts and enter
new markets, are not guarantees of future performance or results and
involve risks and uncertainties that could cause actual events or
results to differ materially from the events or results described in the
forward-looking statements.Such forward-looking statements are
made only as of the date of this release and ClearOne assumes no
obligation to update forward-looking statements to reflect subsequent
events or circumstances.Readers should not place undue reliance
on these forward-looking statements.