Kona Grill Announces $5M Buyback

Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, announced that its Board of Directors has authorized the repurchase of up to $5 million of the Company's outstanding common stock, effective May 4, 2012. The Company intends to fund the repurchase program from available cash and to retire any shares repurchased. KONA’s market cap is 67.28 million and it trades $7.65 per share.

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