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NOGALES, ARIZONA - August 24, 2004 -- Alpha Pro Tech
(AMEX: APT; CHX:APT), a leading manufacturer of disposable
protective apparel and consumer products announced today that its Board of
Directors has authorized the repurchase of an additional $500,000 worth of the
Company’s outstanding Common Stock. Repurchases will be made from time to time
in both the open market and through negotiated transactions.
This is the sixth consecutive buyback for the Company. To date, we have
repurchased and retired 2,323,800 shares at a cost of approximately $2.5M.
Al Millar, President of Alpha Pro Tech, Ltd., commented, “We are pleased to
announce our sixth $500,000 stock buyback program. We feel this is a prudent
utilization of our capital and are optimistic about the future growth prospects
for both our core business and our new products which are planned to be
introduced during the fourth quarter.”
Alpha
Pro Tech develops, manufactures and markets innovative disposable and
limited-use protective apparel products for the medical, dental, industrial,
clean-room and food service markets. The Company has manufacturing facilities
in Salt Lake City, Utah; Nogales, Arizona; Janesville, Wisconsin; Valdosta,
Georgia; and Benjamin Hill, Mexico.
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The Private Securities Litigation Reform Act of 1995 ("Act") provides a safe
harbor for forward-looking information made on behalf of the Company.
Forward-looking statements involve risks, uncertainties and assumptions as
described from time to time in registration statements, annual reports and
other periodic reports and filings of the Company filed with the Securities and
Exchange Commission. All statements, other than statements of historical facts
which address the Company's expectations of sources of capital or which express
the Company's expectations for the future with respect to financial performance
or operating strategies, can be identified as forward-looking statements. As a
result, there can be no assurance that the Company's future results will not be
materially different from those described herein as "believed," "anticipated,"
"estimated" or "expected," which reflect the current views of the Company with
respect to future events. We caution readers that these forward-looking
statements speak only as the date hereof. The Company hereby expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any such statements to reflect any change in the Company's
expectations or any change in events, conditions or circumstances on which such
statement is based.
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