TSR, Inc. Announces Stock Repurchase Program

Business Wire, Dec 17, 2007

HAUPPAUGE, N.Y. -- TSR, INC., (NASDAQ:TSRI) a provider of computer programming consulting services, announced today that its board of directors has authorized the Company to repurchase up to 300,000 shares of its common stock. The repurchase may be effected from time to time in accordance with applicable securities laws, through solicited or unsolicited transactions in the open market or in privately negotiated transactions. No time limit has been placed on the duration of the share repurchases. Subject to applicable securities laws, such purchases will be at times and in amounts as TSR deems appropriate and may be discontinued at any time. TSR has no obligation or commitment to repurchase all or any portion of the shares covered by the authorization. There are approximately 4,500,000 shares outstanding.

Certain statements contained herein, including statements as to the Company's plans, are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those set forth in the forward-looking statements due to known and unknown risks and uncertainties, including but not limited to the following: risks relating to the extent to which market conditions for the Company's contract computer consulting services will continue to adversely affect the Company's business and the Company's ability to adapt to changing market conditions; the concentration of the Company's business with certain customers, uncertainty as to the Company's ability to maintain its relations with existing customers and other risks and uncertainties described in the Company's filings under the Securities Exchange Act of 1934.