[October 12, 2004] CompuDyne to Resume Stock Buyback Program; Purchases Expected to Boost Shareholder Value; 2005 Outlook Remains Very Good ANNAPOLIS, Md. --(Business Wire)-- Oct. 12, 2004 -- CompuDyne Corporation (Nasdaq:CDCY) an industry leader in sophisticated security products, integration and technology for the public security markets, today announced that it intends to resume its already authorized stock buyback program. The Company believes that, given the good outlook for 2005, and the relatively low current market price of the Company's common stock, that a modest program of stock repurchases at this level to offset potential option exercises and other sources of dilution would be a good use of available funds. Any purchases under the buyback program will be dependent on the market price of the company's stock, but could amount to as many as 400,000 shares at current levels. Certain statements made in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements concerning the Company's expectations with respect to future operating results and other events. Although the Company believes it has a reasonable basis for these forward-looking statements, these statements involve risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors which could cause actual results to differ from expectations include, among others, capital spending patterns of the security market, competitive factors and pricing measures, regulatory requirements, the Company's ability to secure new contracts and the risks inherent in CompuDyne's business and future uncertainties which are further described in its filings with the Securities and Exchange Commission, such as the Company's Form 10-K, Form 10-Q, and Form 8-K reports. [ Back To TMCnet.com's Homepage ]