PITTSBURGH, July 26 /PRNewswire-FirstCall/ -- Tollgrade Communications,
Inc. (Nasdaq: TLGD) today announced that its Board of Directors has
approved a program for the repurchase of up to 1,000,000 shares of the
Company's common stock through December 31, 2007. As of June 30, 2007, the
Company had approximately 13,263,000 shares of common stock outstanding.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
Share repurchases under this program may be made through open market
and privately negotiated transactions at the Company's discretion, subject
to market conditions and other factors.
About Tollgrade
Tollgrade Communications, Inc. is a leading provider of network service
assurance products and services for centralized test systems around the
world. Tollgrade designs, engineers, markets and supports centralized test
systems, test access and status monitoring products, and next generation
network assurance technologies for the broadband marketplace. Tollgrade's
customers range from the top RBOCs (Regional Bell Operating Companies) and
Cable providers, to numerous independent telecom, cable and broadband
providers around the world. Tollgrade's network testing, measurement and
monitoring solutions support the infrastructure of cable and telecom
companies offering current and emerging triple play services. Tollgrade,
headquartered near Pittsburgh in Cheswick, Pa., and its products and
customer reach span over 300 million embedded access lines, more than any
other test and measurement supplier. For more information, visit
Tollgrade's web site at http://www.tollgrade.com .
Forward-Looking Statement
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the
Exchange Act. Although the company believes that comments reflected in such
forward- looking statements are reasonable, it can give no assurance that
such expectations will prove to be correct. Possible risks and
uncertainties regarding these statements include, but are not limited to,
the company's determination from time to time whether to purchase any
shares under the repurchase program.
SOURCE Tollgrade Communications, Inc.
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Related links:
http://www.tollgrade.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/849775.html /
CONTACT:
Bob Butter, Corporate Communications,
+1-412-820-1347, mobile +1-412-736-6186, bbutter@tollgrade.com of
Tollgrade Communications, Inc.
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