DALLAS, Dec. 14, 2010 /PRNewswire-FirstCall/ -- Wilhelmina International, Inc. (OTC Bulletin Board: WHLM) (the "Company") today announced that its Board of Directors has authorized a stock repurchase program whereby the Company may repurchase up to 500,000 shares of the Company's outstanding common stock.
The shares may be repurchased from time-to-time in the open market or through privately negotiated transactions at prices the Company deems appropriate. The program does not obligate the Company to acquire any particular amount of common stock and the program may be modified or suspended at any time at the company's discretion. The stock repurchase plan will be funded through the Company's cash on hand.
About Wilhelmina International, Inc. and Wilhelmina Artist Management (http://www.wilhelmina.com/):
Through Wilhelmina Models and its other subsidiaries including Wilhelmina Artist Management, Wilhelmina International, Inc. provides traditional, full-service fashion model and talent management services, specializing in the representation and management of leading models, entertainers, artists, athletes and other talent to various customers and clients including retailers, designers, advertising agencies and catalog companies. Wilhelmina Models was founded in 1967 by Wilhelmina Cooper, a renowned fashion model, and is one of the oldest and largest fashion model management companies in the world. Wilhelmina Models is headquartered in New York and, since its founding, has grown to include operations located in Los Angeles and Miami, as well as a growing network of licensees comprising leading modeling agencies in various local markets across the U.S.
Chief Financial Officer
Wilhelmina International, Inc.
SOURCE Wilhelmina International, Inc.