NORCROSS, Ga., Nov. 11 /PRNewswire-FirstCall/ -- Immucor, Inc. , the global leader in providing automated instrument-reagent systems to the blood transfusion industry, today announced that it intends to resume repurchases from time to time under its existing stock repurchase program, at times and in amounts to be determined by the Company’s management and as market conditions allow. The Company has not made any repurchases under this program since the commencement of its previously reported internal investigation. With the completion of the internal investigation and the Company’s filing of its Quarterly Report on Form 10-Q for the period ended August 31, 2005, the Company’s Board of Directors has authorized the Company to resume repurchases under the program. As of November 11, 2005, 1,002,750 shares remain authorized for repurchase under the program.
Founded in 1982, Immucor manufactures and sells a complete line of reagents and systems used by hospitals, reference laboratories and donor centers to detect and identify certain properties of the cell and serum components of blood prior to transfusion. Immucor markets a complete family of automated instrumentation for all of our market segments.
For more information on Immucor, please visit our website at http://www.immucor.com.
This press release contains forward-looking statements as that term is defined in the Private Securities Reform Act of 1995, including, without limitation, statements concerning the Company’s expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this document are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements. Further risks are detailed in the Company’s filings with the Securities and Exchange Commission, including those set forth in the Company’s most recent Form 10-K and Quarterly Reports on Form 10-Q.
Immucor, Inc.
CONTACT: Edward Gallup of Immucor, Inc., +1-770-441-2051
Web site: http://www.immucor.com/