HOUSTON, TX--(Marketwire - January 25, 2010) - Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas-based diversified medical services provider, has announced the Board of Directors will convene a special meeting to discuss a proposal to buy back a portion of the Company’s issued and outstanding common stock.
The company anticipates making several acquisitions that will fit with its stated business plan to be a diversified medical services provider. Management stated that while increased liquidity and visibility of the company’s common stock has burgeoned, the price per share in the past week and previous historical lows have made acquisition activity increasingly difficult. Management also maintains the view that the current price per share doesn’t adequately reflect the value and long term prospects of the company’s businesses. The Board of Directors will convene the meeting to discuss effecting an increase in the price per share to facilitate future mergers and acquisitions activities and enhance overall shareholder value.
About Bederra Corp.
Bederra Corporation provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company’s business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.
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