Business Services Industry
Gateway Industries, Inc. Repurchase of Common Stock Approved
Business Wire, Sept 30, 2002
Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 30, 2002
Gateway Industries, Inc. (OTC Bulletin Board:"GWAY") announced that its Board of Directors has approved the repurchase by Gateway Industries, Inc. of up to 10% of the outstanding shares of the Company, or approximately 420,000 shares.
Any repurchase may be made from time to time in the open market or in negotiated transactions pursuant to the "safe harbor" rules of the Securities and Exchange Commission. Repurchases will be effected if and when management deems prudent.
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