Baldwin Repurchases Shares
2/26/2008
SHELTON, CT, February 26, 2008 - Baldwin Technology Company, Inc. (AMEX:BLD) announced today that it has purchased shares of its Class A Common Stock under its stock repurchase program. The Company had previously repurchased $1.7 million of shares under the plan that was authorized in 1999. Under the program, the Company is authorized to purchase, from time to time, up to an additional $3.3 million of shares of its Class A Common Stock. Such purchases may be made on the open market or in block purchases or as otherwise determined by the Company. The Company is continuing to use Janney Montgomery Scott as its exclusive agent for the repurchases.
Karl Puehringer, President and CEO asserted that “The Company believes that at the current price levels, our stock represents an attractive investment opportunity, and repurchasing shares is an appropriate use of our capital. We will make selective purchases of our stock to the extent of the available authorization, as appropriate.”
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About Baldwin
Baldwin Technology Company, Inc. is a leading global supplier of process automation technology for the printing and publishing industry. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of printing presses. Headquartered in Shelton, Connecticut, the Company has sales and service centers, product development and manufacturing operations in the Americas, Asia and Europe. Baldwin’s technology and products include cleaning systems, fluid management and ink control systems, web press protection systems and drying systems. With a widely recognized reputation for advanced pressroom technology, Baldwin has hundreds of patents as well as several GATF Intertech awards and Fogra certifications.
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