TransAct Technologies' Board of Directors Authorizes Up to 1M Share Common Stock Repurchase

TransAct Technologies Incorporated TACT today announced that its Board of Directors has authorized an increase in the Company's existing buyback plan to $15 million from $10 million. As part of that buyback plan, the Board has also authorized the Company to purchase up to 1,000,000 shares of TransAct common stock as part of a new 10b5-1 plan (the "Plan"). Under the Plan, the Company expects to repurchase outstanding shares of common stock from time to time on the open market through 2012, depending on market conditions, share price and other factors.