FOOTHILL RANCH, Calif., April 30 /PRNewswire-FirstCall/ -- Onyx Acceptance
Corporation (Nasdaq: ONYX) announced today that its Board of Directors has
authorized the Company to begin a stock repurchase program to purchase up to
$5,000,000 of its common stock. The shares will be purchased from time to
time at prevailing market prices, through open market or unsolicited
negotiated transactions, depending upon market conditions. The Company may
discontinue purchases at any time that management determines additional
purchases are not warranted.
Onyx Acceptance Corporation is a specialized automobile finance company
based in Foothill Ranch, CA. Onyx provides financing to franchised and select
independent dealerships throughout the United States.
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected, including statements regarding the continued
availability of liquidity sources in coming quarters and the performance of
the economy in the United States. Other important factors are detailed in the
Company's annual report on Form 10-K for the year ended December 31, 2003.
For information about Onyx Acceptance Corporation, please visit the
Investor Relations section of our website at http://www.onyxco.com.
SOURCE Onyx Acceptance Corporation
 back to top
Related links:
http://www.onyxco.com
CONTACT:
Don P. Duffy, Executive Vice President, Chief
Financial Officer, Onyx Acceptance Corporation, +1-949-465-3808,
investor@onyxco.com
|
