Core Viewpoint - Alpha Pro Tech, Ltd. has authorized a $1.0 million expansion of its existing share repurchase program, bringing the total available for repurchase to approximately $1.5 million [1][2]. Group 1: Share Repurchase Program - The company now has $1.5 million available for share repurchase, which includes $0.5 million remaining from a previous expansion announced in April 2024 [2]. - Management plans to repurchase shares through open market purchases or privately-negotiated transactions, with the intention to retire all shares purchased [3]. - Open market purchases may be executed through a pre-arranged repurchase plan in accordance with specific guidelines under the Securities Exchange Act of 1934 [3]. Group 2: Company Overview - Alpha Pro Tech, Ltd. is a leading manufacturer of protective apparel and building products, with operations in Nogales, Arizona, Valdosta, Georgia, and a joint venture in India [4]. - The company develops and markets disposable and limited-use protective apparel for various markets, including industrial, clean room, medical, and dental sectors [4].
ALPHA PRO TECH, LTD. ANNOUNCES $1 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM FOR IMMEDIATE RELEASE