LOS GATOS, Calif., July 24, 2015 /PRNewswire/ -- DGT Holdings Corp. (OTCBB: DGTC) ("DGT Holdings" or "The Company") today announced that the Board of Directors of the Company approved the repurchase of up to a maximum of $2,000,000 of the Company's common stock (in addition to the $500,000 previously authorized) (the "2015 Repurchase Program"). As of today's date approximately $1,000,000 remains available under the 2015 Repurchase Program. Any repurchases under the 2015 Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the 2015 Repurchase Program, the Company may enter into a Stock Purchase Plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. The 2015 Repurchase Program is expected to continue indefinitely, unless shortened by the Board of Directors.
ABOUT DGT HOLDINGS
DGT Holdings Corp. currently owns and leases an industrial building through its Italian subsidiary. The Company is continuing to evaluate strategic alternatives, where it can utilize its existing working capital and maximize the use of its net operating losses.
The Company's website is www.dgtholdings.com.
DGT Holdings Corp.
Chief Executive Officer
Chief Financial Officer
SOURCE DGT Holdings Corp.