NORTH TONAWANDA, N.Y.,
Nov. 17, 2011 /PRNewswire/ -- Taylor
Devices, Inc. (NASDAQ: TAYD) announced today that the Board of
Directors of Taylor Devices, Inc. voted unanimously to continue the
share repurchase agreement with Merrill Lynch, Pierce, Fenner &
Smith Incorporated ("MLPF&S") under which the Company
repurchases shares of its common stock. Of the $500,000 of the Company's cash on hand authorized
by the Board last year to repurchase shares of its outstanding
common stock, $419,815 remains
available for open-market purchases. To date, a total of
15,600 shares have been purchased at an average price per share of
$5.14. Repurchases are made by
MLPF&S for the benefit of the Company.
Taylor Devices, Inc. is a 56-year-old company engaged in the
design, development, manufacture, and marketing of shock
absorption, rate control and energy storage devices for use in
various types of vehicles, machinery, equipment and structures.
Taylor's website can be visited at:
http://www.taylordevices.com.
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Contact:
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Artie Regan
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Regan & Associates,
Inc.
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(212) 587-3005
(phone)
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(212) 587-3006 (fax)
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info@reganproxy.com
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SOURCE Taylor Devices, Inc.