The Sport Supply Group, Inc. Board of Directors has authorized the repurchase of up to $3,000,000 of the Company’s outstanding common stock. The repurchases will be made from time to time in open market transactions and privately negotiated transactions in such amounts as determined in the discretion of the Company’s management and will be funded out of the Company’s working capital.
The number of shares repurchased will depend upon the availability of shares at acceptable market prices.
Geoffrey P. Jurick, the Company’s Chairman and Chief Executive Officer said, “Our Board of Directors believes that the market price for the Company’s shares does not reflect their true value and that the repurchase program will benefit the Company and all of its shareholders.”
