09.05.03

9.5.2003: Meldung: Gaiam Announces Stock Buyback Program

Gaiam, Inc. (Nasdaq: GAIA - News) announced that its board of directors has approved a stock buyback program. Gaiam is a multi-channel lifestyle company catering to customers who value personal development, healthy living and renewable energy.

Under the terms of the program, up to $5 million may be used to repurchase shares of Gaiam"s Class A Common Stock in open market transactions, including block purchases, or in privately negotiated transactions. The stock may be purchased from time to time, commencing May 9, 2003, as Gaiam"s financial condition and market conditions permit. The program could be increased or terminated prior to completion.
Jirka Rysavy, Gaiam"s Chairman and Chief Executive Officer, stated "Gaiam"s board concluded that the repurchase of shares represent an excellent long-term value."

This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "believe," "will," "should" or comparable terminology or by discussions of strategy. While the Company believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of the Company"s new products and services, the successful completion and integration of acquisitions, the possibility of negative economic conditions and other risks and uncertainties included in the Company"s filings with the Securities and Exchange Commission. The Company assumes no duty to update any forward- looking statements.

Contact: Yudi Bahl, Chief Financial Officer, 303-222-3676 http: www.gaiam.com .
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x