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NOGALES, ARIZONA - September 27, 2007 -- Alpha Pro Tech
(AMEX: APT; CHX:APT), a leading manufacturer of products designed to
protect people, products and environments, including disposable protective
apparel and building products, today announced that the Company’s Board of
Directors has authorized the repurchase of up to an additional $1,500,000 worth
of the Company’s outstanding Common Stock. In addition to the $1.5 million, we
have approximately $0.5 million available from a previously announced buyback,
making a total available to repurchase of approximately $2.0 million.
Management anticipates repurchasing shares from time to time in open market and
negotiated transactions.
This is the seventh buyback for the Company. To date, we have repurchased and
retired 2,333,800 shares at a cost of approximately $2.5 million.
Al Millar, President of Alpha Pro Tech commented, “The board and senior
management are optimistic about the growth prospects of the Company and have
concluded that repurchasing our shares represents an appropriate use of our
cash at this time”.
About Alpha Pro Tech, Ltd
Alpha Pro Tech, Ltd. is a leader in protecting environments. Alpha Pro Tech
develops, manufactures and markets innovative disposable and limited-use
protective apparel products for the industrial, clean room, medical and dental
markets. In addition, Alpha ProTech Engineered Products, Inc. manufactures and
markets a line of construction weatherization products, including building
wrap, roof underlayment and mold resistant framing sealant. The Company has
manufacturing facilities in Salt Lake City, Utah; Nogales, Arizona; Janesville,
Wisconsin; Valdosta, Georgia; and a joint venture in India. For more
information and copies of all news releases and financials, visit Alpha Pro
Tech's Website at
www.alphaprotech.com
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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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