Tier Tech. (TIER) to Buyback 300K Shares
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Tier Technologies, Inc. (NASDAQ: TIER) today announced it signed an agreement on September 3, 2009 to repurchase 300,000 shares of Tier common stock. The purchase is part of Tier's previously disclosed $20 million stock repurchase program.
Commenting on the stock repurchase, Ronald L. Rossetti, Chairman and Chief Executive Officer of Tier, said, "As previously announced, we continue to see long-term investment value in our common stock and will purchase additional shares from time to time to enhance shareholder value."
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