Mpm Technologies To Repurchase Shares

Thu., July 9, 1998

From Staff

MPM Technologies Inc. announced Wednesday that directors have approved a stock buyback program.

Spokesman Robert Little said the number of shares purchased would depend on price.

MPM shares, which trade on the Nasdaq exchange, closed Wednesday at $3.88, up 38 cents.

The Spokane holding company, with operations specializing in air pollution control and alternative energy, has 1.8 million shares outstanding after a 9-for-1 reverse split in mid-June.

Chairman Alfred Luciano said that with the purchase this week of AirPol, a New Jersey air pollution control company, MPM shares are undervalued.

“This is an opportune time for the company to repurchase its stock,” he said.

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Mpm Technologies To Repurchase Shares

Jesse Tinsley

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