Captaris Announces $6.6 Million Increase to Its Share Repurchase Program
Bellevue, Wash. — June 13, 2007 — Captaris, Inc. (NASDAQ: CAPA), a leading provider of software products that automate document-centric processes, today announced that its Board of Directors
approved an increase to its previously announced stock repurchase program by an additional $6.6 million. After the increase,
a total of $15.0 million is available for repurchases under the program.
For the period January 1, 2004 to December 31, 2006, Captaris has repurchased approximately 6.0 million shares of common stock
for approximately $29.7 million. The last increase in the authorization was in October 2006, and since that time, Captaris
has repurchased approximately 1.0 million shares of common stock for approximately $6.6 million.
These repurchases were made through a combination of discretionary repurchases during the Company's open trading window and
the Company's previously announced Rule 10b5-1 repurchase plan. The Rule 10b5-1 plan, which commenced in mid-September 2006,
is designed to allow the Company to purchase its shares at times when it ordinarily would not be in the market because of
self-imposed trading blackout periods.
Captaris may repurchase shares from time to time pursuant to the program subject to the parameters of its Rule 10b5-1 repurchase
plan and, in the case of any discretionary purchases outside of the plan, subject to open trading windows, overall market
conditions, stock prices and its cash position and requirements going forward. The repurchase program will continue until
the maximum dollar amount authorized is repurchased or the Board of Directors determines to discontinue the repurchase program.
About Captaris, Inc. Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically
and provide efficient information delivery. Our product suite of Captaris RightFax, Captaris Workflow and Captaris Alchemy
is distributed through a global network of leading technology partners. We have customers in financial services, healthcare,
government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies.
Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ Global Market under
the symbol CAPA. For more information please visit www.Captaris.com.
The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax and Captaris Workflow. All
other brand names and trademarks are the property of their respective owners.
|