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| [November 28, 2012] |
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Intersections Inc. Announces $3.0 Million Rule 10b5-1 Share Repurchase Plan
CHANTILLY, Va. --(Business Wire)--
Intersections
Inc. (Nasdaq: INTX), a leading provider of consumer and
corporate identity theft risk management services, today announced that
it has entered into a trading plan in accordance with Rule 10b5-1 under
the Securities Exchange Act of 1934 to facilitate repurchases by the
Company of up to $3.0 million of its common stock. It is anticipated
that the repurchase plan will commence on December 1, 2012 and will
remain in effect until May 31, 2013 but may be limited or terminated at
any time without prior notice.
The repurchase plan is being entered into under the Company's previously
announced $20.0 million Board authorized share repurchase program ($19.8
million of which remains available) and is permitted under the Company's
recently amended credit agreement. Under the repurchase program, the
repurchases may be made on the open market, in block trades, through
privately negotiated tranactions or otherwise, and the program may be
suspended or discontinued at any time.
About Intersections (www.intersections.com)
Intersections Inc. (Nasdaq: INTX) is a leading provider of consumer and
corporate identity risk management services. Intersections provides
various levels of service to more than 8.2 million consumers. Those
services are offered through North America's leading financial
institutions, directly to consumers under Intersections' award-winning
IDENTITY GUARD(R) brand (http://www.identityguard.com),
and through the company's exclusive partnership with ITAC, the
Identity Theft Assistance Center. Since 1996, Intersections has
protected the identities of more than 35 million consumers.
Statements in this press release relating to future plans, results,
performance, expectations, achievements and the like are considered
"forward-looking statements." Those forward-looking statements involve
known and unknown risks and are subject to change based on various
factors and uncertainties that may cause actual results to differ
materially from those expressed or implied by those statements,
including without limitation the effect of new subscriber additions.
Factors and uncertainties that may cause actual results to differ
include but are not limited to the risks disclosed in the Company's
filings with the U.S. Securities and Exchange Commission. The Company
undertakes no obligation to revise or update any forward-looking
statements.

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