CONROE, Texas, Jan. 30, 2013 /PRNewswire/ -- Global Security Agency Inc. (OTC Bulletin Board: GSAG) (the "Company), a leading provider in logistics, support training, personal protection, security intelligence work and risk analysis for clients worldwide, announced today that the Company has authorized a stock repurchase program permitting the Company to repurchase up to $500,000.00 in shares of the Company's common stock, par value $.00001 per share (the "Common Stock") over the next 12 months. The Common Stock may be repurchased from time to time in open market transactions or privately negotiated transactions or other means in the Company's discretion.
The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time.
"Our stock repurchase program reflects our confidence in the long-term growth of the company and our commitment to returning capital to our shareholders," said Lt.Col. (Ret) Larry Lunger, PhD, CEO of the Company.
About Global Security Agency Inc.
Global Security Agency Inc. is a security solutions and risk management services company. The risks involved in operating domestically and internationally have increased significantly for wealthy individuals, companies and other organizations over the years. The Company offers a wide range of security and risk management services to wealthy individuals, companies and other organizations, including risk assessments, training, crisis management, protection, support and intelligence. The Company operates its business through a network of consultants that are experts in the field of crisis management with significant government, military, foreign services and private industry experience, and are located around the world.
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipates", "believes", "estimates", "expects", "intends" and similar expressions, as they relate to us or our management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of various factors.
We do not undertake any obligation to update such forward-looking statements.
Investors are cautioned to consider all other risks and uncertainties affecting our company, including those in filings made with the SEC.
SOURCE Global Security Agency Inc.