MESQUITE, Texas, July 28, 2011 /PRNewswire/ -- ABATIX CORP. (OTC Pink: ABIX) today announced the Board of Directors has authorized the use of currently available cash to repurchase up to $2,000,000 of the Company's common stock.
Stock repurchases under this program may be made through privately negotiated transactions during 2011. In addition, the Company may purchase stock through open market transactions. This program begins immediately, but could be suspended and restarted at any time, without prior notice. The pricing, timing and actual number of shares repurchased will depend upon market conditions and other factors.
ABATIX CORP. is a full line distributor of safety equipment, industrial supplies and construction tools and supplies to the environmental, industrial, construction, restoration and manufacturing industries. The Company currently has nine distribution centers in Dallas and Houston, Texas, in San Diego, San Francisco and Los Angeles, California, in Phoenix, Arizona, in Seattle, Washington, in Las Vegas, Nevada and in Jacksonville, Florida. These distribution centers serve customers throughout the Southeast, Southwest, Midwest, Pacific Coast, Alaska and Hawaii.
SOURCE ABATIX CORP.