The Marketing Alliance Announces Share Repurchase Program
Rhea-AI Summary
The Marketing Alliance (OTC: MAAL) has announced a significant share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 800,000 shares of the company's common stock, running from April 2, 2025, through March 31, 2026.
CEO Timothy Klusas indicated that this initiative reflects the company's financial strength and commitment to enhancing shareholder value. The decision came after the Board observed that the company's dividend policy was not adequately reflected in the stock price.
The repurchases may be executed through privately negotiated transactions or open market purchases, including under Rule 10b5-1 and Rule 10b-18. The timing, quantity, and purchase price will be determined by management based on factors such as market price relative to tangible book value, economic conditions, and legal requirements.
Positive
- Authorization to repurchase up to 800,000 shares indicates strong financial position
- Program demonstrates commitment to returning value to shareholders
- Flexible implementation through both private and open market transactions
Negative
- No guarantee on the number of shares that will actually be repurchased
- Program may be suspended, terminated, or modified at any time
- Company resources allocated to buyback could limit other investment opportunities
News Market Reaction 1 Alert
On the day this news was published, MAAL gained 3.20%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ST. LOUIS, April 02, 2025 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced today the Company's Board of Directors has authorized a share repurchase program to repurchase up to 800,000 shares of the Company's issued and outstanding common stock, effective immediately and concluding March 31, 2026.
Timothy Klusas, the Company's President and Chief Executive Officer, stated, "The share repurchase authorization represents our financial strength and commitment to enhance shareholder value. The Board arrived at this decision after monitoring the stock price while previously paying dividends and concluded, in its judgement, that its dividend policy was not adequately reflected in the stock price."
Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares as a percentage of tangible book value, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Company will purchase any shares under the program.
The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurance and “insuretech” engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually.
Investor information can be accessed through the shareholder section of TMA’s website at:
http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”.
Forward Looking Statement
This press release contains forward-looking statements including, among other things, statements regarding our intended share repurchases and expected shareholder benefits. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions and the other risks contained in our other public disclosures discussing our business and financial condition and results. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
| Contact: | ||
| The Marketing Alliance, Inc. | -OR- | The Equity Group Inc. |
| Timothy M. Klusas, President | Jeremy Hellman, Vice President | |
| (314) 275-8713 | (212) 836-9626 | |
| tklusas@themarketingalliance.com | jhellman@equityny.com | |
| www.TheMarketingAlliance.com |