Internet Commerce Corporation Announces Stock Buy-Back Program
Norcross, Georgia – March 21, 2007 - Internet Commerce Corporation (ICC) (NasdaqCM: ICCA), a leader in business-to-business e-commerce solutions, today announced its board of directors has authorized the purchase of up to $2 million of the company’s common stock. The shares would be purchased on the open market from time-to-time during the twelve to eighteen month period following this announcement. Under the authorization, the timing and amount of purchase would be based upon market conditions, securities law limitations and other factors.
“We consider our stock to be a strong investment opportunity and good use of our cash resources,” said Thomas J. Stallings, ICC’s chief executive officer. “We remain confident in our long-term revenue, profit and earnings per share growth and believe the purchase of shares will be beneficial to shareholder value.”
About Internet Commerce Corporation (ICC)
Internet Commerce Corporation (NasdaqCM: ICCA), headquartered in Norcross,
Georgia, is a leader in providing business-to-business e-commerce solutions. Thousands of customers
rely on ICC's comprehensive line of solutions, in-depth expertise, and unmatched
customer service to help balance cost, fit, and function required to meet
unique requirements for trading partner compliance, coordination, and collaboration.
With its software solutions, network services, hosted web applications,
managed services, and consulting services, ICC is the trusted provider
of e-commerce solutions for businesses, regardless of size and level of technical
sophistication, to connect them with their trading communities. For
more information, visit www.icc.net.
Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of Internet Commerce Corporation.
