RELM Wireless Approves Stock Repurchase Program
By Space Coast Daily // March 12, 2013
Program Runs Through Dec. 2013
BREVARD COUNTY • WEST MELBOURNE, FLORIDA – RELM Wireless Corporation of West Melbourne has announced that its Board of Directors has approved a repurchase program for up to $2,500,000 of its common stock through Dec. 31, 2013.
Repurchases were authorized to be made from time to time through a variety of methods, including open market repurchases and privately negotiated transactions and will be funded from available cash.
There can be no assurance as to the amount, timing or prices of repurchases, and the specific timing and amount of repurchases will vary based on market conditions, share price and other factors.
The repurchase program may be suspended, modified or terminated by the board at any time
RELM Wireless Corporation has been in business for 60 years and produces high‑specification two‑way communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications.
Company advances include a broad new line of leading digital two‑way radios compliant with APCO Project 25 specifications.
RELM’s products are manufactured and distributed worldwide under BK Radio and RELM brand names.
David P. Storey has serves as Chief Executive Officer and President of RELM Wireless Corporation. since July 2000.
The Company maintains its headquarters in West Melbourne.