
Icron technologies announces interntion
to make Normal Course Issuer Bid.
(Not for distribution to United States
newswire services or for dissemination in the United States.)
Burnaby, May 25, 2006 – Icron Technologies Corporation
(TSX-V: IT) (the "Company") announces that it intends
to conduct a normal course issuer bid (the "Bid"),
subject to regulatory approval, pursuant to which the Company
may purchase common shares in the capital of the Company (the
"Shares") up to a maximum of 5% of the Company's
issued and outstanding shares. Not more than 2% of the issued
and outstanding Shares will be purchased in any 30-day period.
Purchases pursuant to the Bid will be made from time to time
by MGI Securities on behalf of the Company through the facilities
of the TSX Venture Exchange. Shares purchased will be paid
for with cash available from the Company's working capital.
All shares purchased pursuant to the Bid will be cancelled
and returned to treasury.
No insiders of the Company intend to participate in the Bid,
which is being made because the Company is of the view that
the recent market prices of the Shares do not properly reflect
the underlying value of the Shares.
BY ORDER OF THE BOARD OF DIRECTORS
“Suresh Singh”
Suresh Singh, President
About Icron Technologies Corp www.icron.com.
Icron Technologies Corporation’s patented ExtremeUSB®
technology extends the range of USB in wired environments
and enables wireless USB over any RF technology. ExtremeUSB
is the only USB-IF compliant extension solution and is deployed
globally in a wide range of applications including: industrial
automation, medical device, aerospace, KVM and computer networking.
ExtremeUSB technology is available in a variety of formats
including technology licenses, OEM modules, developer kits,
as well as branded and private-label products. The company
also provides a range of engineering and development services
focused on unique USB connectivity issues."
Icron is a publicly traded corporation and trades under the
symbol "IT" on the TSX Venture Exchange. For information
on the company and its products, please visit www.icron.com
and for detailed financial information visit www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: Except for statements of historical
fact, all statements in this news release -- including, without
limitation, statements regarding financial estimates and future
plans and objectives of Icron -- are forward-looking statements
that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate;
actual results and future events could differ materially from
those anticipated in such statements.
2005 Icron Technologies Corporation. ExtremeUSB®, USB
Ranger™ are trademarks of Icron Technologies Corporation.
Distributed by Filing Services Canada and retransmitted by
Market Wire
Contact Information
Icron Technologies Corporation |
|
Robert Eisses, President & CEO
robert.eisses@icron.com
|
Phone: 604-638-3924
Fax: 604-638-3930 |
The Howard Group |
|
David Gordon, Investor Relations for
Icron
david@howardgroupinc.com |
Phone: 403-221-0915
Fax: 403-237-8387 |
|