Navigation Links
Smart Balance Authorizes Stock Repurchase Program

PARAMUS, N.J., Dec. 16 /PRNewswire-FirstCall/ -- Smart Balance, Inc. (Nasdaq: SMBL) announced today that its board of directors has authorized a two-year stock repurchase program of up to $25 million, to begin in 2010.

"The repurchase program demonstrates the confidence we have in the prospects of our Company and shows our commitment to deliver long-term value for all of our shareholders, while at the same time making prudent use of funds," said Stephen Hughes, Smart Balance, Inc. Chairman and Chief Executive Officer.

Any purchases under Smart Balance's repurchase program may be made from time to time in the open market or through privately negotiated transactions beginning in 2010. Depending on market conditions, compliance with the stock repurchase provisions of the Company's credit agreement, and other factors, these purchases may be commenced or suspended at any time, or from time to time, without prior notice. The stock purchase plan will expire on December 31, 2011 unless extended by the board of directors.

Forward-looking Statements

Statements made in this press release that are not historical facts, including statements about the Company's plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include use of the words "expect", "anticipate", "plan", "intend", "project", "may", "believe" and similar expressions. Forward-looking statements speak only as of the date they are made, and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statement, whether to reflect actual results of operations, changes in financial condition, changes in general economic or business conditions, changes in estimates, expectations or assumptions, or circumstances or events arising after the issuance of this press release. Actual results may differ materially from such forward-looking statements for a number of reasons, including those risks and uncertainties set forth in the Company's filings with the SEC and the Company's ability to:

  • raise prices as fast as commodity costs increase;
  • introduce and expand distribution of new products;
  • meet marketing and infrastructure needs;
  • meet long-term debt covenants; and
  • increase volume in case shipments in a competitive environment with rising costs and an increasingly price sensitive consumer.

About Smart Balance, Inc.

Smart Balance, Inc. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The Company's products include Smart Balance® Buttery Spreads, Milk, Butter Blend Sticks, Sour Cream, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. For more information about products and the Smart Balance(TM) Food Plan, visit

SOURCE Smart Balance, Inc.

SOURCE Smart Balance, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. MassMutual to Launch New RetireSmart(SM) Participant Engagement Platform
2. When It Comes to Toys, Shop Smart, Shop Safe
3. Fit teenage boys are smarter
4. Exercise May Lead to a Smarter, More Successful You
5. HealthSmart Completes Recapitalization to Support Continued Growth, Daniel D. Crowley Named Chairman
6. Nu U Medspa to Offer Dysport, Zerona, SmartLipo at
7. Smart Balance, Inc. CEO Presents at Citigroup Small and Midcap Conference
8. StreetSmarts and ELA Consulting Group Forge Sales Effectiveness Partnership
9. BoxTone Delivers Enterprise Mobile User Management for Google Android 2.0 Smartphones
10. Smart Post Brings Scrubs & Beyond to Canadian Doorsteps
11. Smart Snacking for Living With Diabetes
Post Your Comments:
(Date:11/27/2015)... ... , ... A team of Swiss doctors has released a report on mesothelioma ... posted the findings on the website. Click here to read the details now. ... patients who were treated with chemotherapy followed by EPP surgery. Among the 106 patients ...
(Date:11/27/2015)... , ... November 27, 2015 , ... Lizzie’s Lice Pickers ... company is offering customers 10% off of their purchase of lice treatment product. In ... full price. According to a company spokesperson. “Finding lice is a sure way to ...
(Date:11/27/2015)... ... ... No.1 Herpes-only dating community in the world, revealed that over 50% of its members are ... people under the age of 50 – or 67% of the population - are infected ... HSV-1 infection . , "The data shocks us highly!" said Michelle Li, Co-Founder of ...
(Date:11/27/2015)... ... ... A simply groundbreaking television series, "Voices in America", which is hosted by Hollywood legend, ... that are presently affecting Americans. Dedicated to providing the world with a wide variety ... consumers focus on, one episode at a time. , In the latest installment ...
(Date:11/27/2015)... ... 2015 , ... CBD College is proud to announce that on ... accreditation to its Diagnostic Medical Sonography program. CBD College is honored to join this ... colleges and universities in the state of California make the cut. CBD College is ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015  Amgen (NASDAQ: AMGN ... Application (BLA) with the United States ... 501, a biosimilar candidate to Humira ® (adalimumab). ... application submitted to the FDA and represents Amgen,s first ... Sean E. Harper , M.D., executive vice president of ...
(Date:11/25/2015)... , Nov. 25, 2015 AAIPharma ... planned investment of at least $15.8  Million to ... Wilmington, NC . The expansion will ... to meet the growing demands of the pharmaceutical ... site expansion will provide up to 40,000 ...
(Date:11/25/2015)... N.Y. , Nov. 25, 2015  Henry Schein, ... and services to office-based dental, medical and animal health ... (GNYDM) Meeting the Henry Schein ConnectDental® Pavilion , ... broadest array of open solutions designed to help any ... Click here for a schedule of experts ...
Breaking Medicine Technology: