Peerless Systems (PRLS) Announces 2M Share Buyback

July 16, 2008 8:04 AM EDT

Peerless Systems Corporation (PRLS) announced that the Company's Board of Directors authorized the repurchase of up to 2.0 million shares of common stock.

Chairman of the Board Timothy E. Brog said, "This is the first step of many that the current Board of Directors intends to take in order to maximize shareholder value."

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