Home Add to Favorite Contact Submit  
           27 February, 2024


    
Category:  Press » Technology

 

Medisafe 1 Technologies Announces $1MM Stock Repurchase Program of 10MM Shares up to 10 Cents a Share

Popularity:
         Views: 1926
2012-01-29 01:11:49     
medisafe1.com

JERUSALEM, January 27, 2012 -- Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company's Board of Directors has approved a stock repurchase program.

Under the program, Medisafe 1 Technologies is authorized to repurchase up to 10 million of its outstanding shares of common stock during the next 12 months at a price up to $0.10 per share on the open market or by conducting privately negotiated transactions depending on current market conditions and other factors.

The repurchase program would cost up to $1,000,000 and is subject to obtaining third party financing for the program whereby Medisafe is currently in talks with several financial intuitions to provide funding for the Repurchase Program. The Program may be suspended or discontinued at any time

The shares may be utilized by Medisafe 1 Technologies to be reissued to acquire additional assets, in particular the acquisition of a Child life-saving medical device company which the Company is currently in negotiations with.

Medisafe 1 technology will update its shareholders in the following weeks of progress of this acquisition.

"Medisafe 1 Technologies continues to progress in our efforts to bring further added value to our shareholders," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "The repurchase of shares will enable us to acquire additional technologies that augment our existing commercial product line."

About Medisafe 1 Technologies

Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Medisafe 1 Technologies Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Medisafe 1 Technologies Corp.

Specialized in: Medisafe 1 Technology
URL: http://medisafe1.com
Print press release      Bookmark this page
Related Press releases 
Revolutionizing Image Quality with MTF Testing in Oxfordshire (Popularity: ): In the heart of Oxfordshire, a technological revolution in image quality is unfolding, driven by the principles of Modulation Transfer Function (MTF) Testing and Measurement. This advancement is not just a technical leap; it's a commitment to visual perfection in numerous fields, from high-end photography to scientific research.MTF Testing is a sophisticated method used to evaluate the performance of optical systems, such as cameras, lenses, and scanners. By measuring the ...
Future Electronics Features ECS Inc. ECX-2236 SMD Crystal in THE EDGE (Popularity: ): Montreal, Canada (press.abc-directory ) October 24, 2022 - Future Electronics, a global leading distributor of electronic components, is offering the low profile, versatile ECX-2236 by ECS Inc. in the latest edition of THE EDGE.Operating in a -20°C to +70°C temperature range, the ECX-2236 family includes extended range options that operate from -40°C to +125°C. They provide a 5pF maximum shunt capacitance and an 8pF typical load capacitance. The ECX-2236 SMD ...
Artis Launches a New Website for a Better Shopping Experience (Popularity: ): Artis is a new-age brand for audio products that provide listeners a clear, rich, and powerful experience.Mumbai, Maharashtra - India | December 10, 2020 -- Artis is a new-age brand for audio products that provide listeners a clear, rich, and powerful experience. Launched in June 2020, the brand has started a new journey amid the coronavirus pandemic and yet are set on the right direction. The brand launched its new ...
Microchip Introduces 3kW Transient Voltage Suppressor Diode Array Family for Superior Circuit Protection in Harsh Environments (Popularity: ): June 17, 2020, New Delhi – To ensure critical operations, aviation and space systems rely on digital and logic functionality and circuitry in engine control units, environmental controls, instruments and actuators. Data centers, the 5G infrastructure and communication systems also rely on complex circuitry requiring protection. Each system must operate continuously despite voltage surges and spikes from lightning, solar events and electromagnetic incidents. Microchip Technology Inc. (Nasdaq: MCHP) today announced ...
Munich service robot can provide support during the COVID 19 pandemic (Popularity: ): Munich, Bavaria ( press.abc-directory.com ) April 8, 2020 - The technology company Robotise wants to help quickly alleviate current staff shortages in hospitals, doctors' practices and nursing homes.The company is modifying its JEEVES service robot for this purpose. The 1.10-meter-high robot has been used primarily for minibar and room service in hotels until now. But the robotic butler will now be used as an autonomous assistant for the health sector. ...


Related Business 
Global Shares: Stock Plan Administration (Popularity: ): Global Shares is the premier provider of international stock plan administration and consultation. Leaders in Employee Share Plan Management, Global Shares simplify Stock option plans and employee incentive plans.
Stock Trading Tips (Popularity: ): Stock-trade-tips.blogspot.com is the best platform for getting daily valuable tips about Indian stock market, share market India, NSE and BSE, Commodity Tips, MCX, NCDEX and all about the share and stock market in India. Our professionals have the complete knowledge about the market and maintain the flowchart of Indian shares and stocks.
Nse Stock Tips (Popularity: ): Get Latest BSE, NSE Stock Tips, Free Intraday Tips,Indian Stock Market Tips, Share market investment advice for buying best shares and stocks and stock advice from a experts and analysts.
Share Tips Tomorrow (Popularity: ): ShareTipsTomorrow is one of the most reliable and leading financial firm which provide the share Tips, Intraday Share tips, Nifty share tips, Stock Future and Option tips, BTST share Tips. We make you able in both the market condition weather market will be bullish or bearish. We provide share Tips On Mobile by SMS. Our sure shot Intraday Share Tips, nifty Share Tips, Stock Future Tips are the result of ...
Intelgain Technologies Pvt. Ltd. (Popularity: ): The Stock Market holds endless fantasies for people across different age barriers. Moneypot, a simulated real-time Stock Market Game, brings together the joy of trading in the stock markets without the fear of losing hard earned money. Get a head-start on understanding how the stock market functions. Meet likeminded people and share your views with others.
Market Experts (Popularity: ): Right Procedure to Invest Money in Stock/Share market, Stock Market investment is an Art to Make Money, How to Gain Experience and Expertise to earn Handsome income in Stock Markets. Market Experts, blog for those who are seeking for all segments in Indian Share Market like Stock Cash, Stock Futures, Nifty Futures, Nifty Doubles, Indian Commodities, Commodity Market, Base Metal, Precious Metal, Nifty Options, Support and Resistance for next trading ...
Stock Market India (Popularity: ): Angel Broking: Open demat account for online investment and stock trading in stock market. Live stock price of stock/share in Indian stock market.
Share Filter (Popularity: ): Stock market screening software. Free stock market movers report for a number of stock exchanges around the world. Starting point of technical analysis and stock research.
Share Market Tips (Popularity: ): Stock Market/Equity Market in India is really uncertain & explosive. If Today Indian Stock market is extremely high may this rise convert in the huge downfall. Due to this Unpredictability, investors getting heavy losses. Stock tips/Equity Tips can protect or contribute serving hand to investors & traders who fail to earn money in the stock market. Be update & earn handsome profit through Tmmresearch.com's stock tips, share market tips, mcx ...
Indian Share Market Tips (Popularity: ): Easy to get free Indian NSE(National stock exchange), BSE(Bombay stock exchange) share(stock) market tips(calls). Get live site and online site trading tips,day trading tips,indian stock market analysis,stock trading tips,stock recommendations. Be mobile and get tips from surfing from anywhere. May be you will be 100% satisfied by free jackpot type calls. Please Read disclaimer before investing/trading.