Moving iMage announces new $363K share repurchase pact

Moving iMage Technologies announced it has adopted a new share repurchase program to replace the Company’s previous $1.0M share repurchase program that expired on March 23.The new share repurchase program authorizes the repurchase of up to $363,000 worth of shares and will expire at the earlier of June 30,or when the maximum dollar amount of shares is repurchased. Through March 22 under the prior repurchase plan, the Company repurchased approximately 6.3% of the total shares outstanding for $637,000. All repurchases will be implemented in accordance with the applicable requirements of Rule 10b-18 under the U.S. Securities Exchange Act of 1934.