Bowlin Travel Centers (PK) (USOTC:BWTL)
Historical Stock Chart
From Dec 2019 to Dec 2024
ALBUQUERQUE, N.M., Sept. 29 /PRNewswire-FirstCall/ -- Bowlin Travel Centers, Inc. (OTC:BWTL) (BULLETIN BOARD: BWTL) announced today that it plans to begin a stock repurchase program whereby up to one million shares of its common stock may be repurchased in the open market or in privately negotiated purchases from time to time, depending on market conditions and other factors. The purchases will be funded from available working capital and will be made in accordance with applicable securities laws and regulations. The Company currently has approximately 4,583,348 shares of common stock outstanding.
The Company's Chairman, President and CEO, Michael L. Bowlin stated, "At current price levels, we believe Bowlin Travel Centers common stock represents an attractive investment opportunity for the Company. We view this repurchase program as being an effective use of the Company's available cash to enhance shareholder value."
The Company operates full-service travel centers and restaurants strategically located on major interstate highways that offer brand name food and gasoline, and a unique variety of Southwestern merchandise to the traveling public in New Mexico and Arizona.
Visit our web site at: http://www.bowlintc.com/
For Further Information Contact:
Michael L. Bowlin, Chairman
(505) 266-5985
Rudy R. Miller, Chairman and CEO
The Miller Group
Investor Relations for the Company
(602) 225-0504
DATASOURCE: Bowlin Travel Centers, Inc.
CONTACT: Michael L. Bowlin, Chairman of Bowlin Travel Centers, Inc.,
+1-505-266-5985; or Investor Relations, Rudy R. Miller, Chairman and CEO of
The Miller Group, +1-602-225-0504, for Bowlin Travel Centers, Inc.
Web site: http://www.bowlintc.com/