Kronos® Expands Stock Repurchase Program by 1,250,000 Shares
CHELMSFORD, Mass., Nov. 16, 2006 — Kronos® Incorporated (Nasdaq: KRON) announced today that its Board of Directors voted to extend its stock repurchase program. This increase authorizes Kronos to repurchase an additional 1,250,000 shares of common stock.
Aron Ain, Kronos' chief executive officer, commented, "The Board's approval to expand our stock repurchase program reflects our confidence in the future of Kronos."
Under six previously completed stock buyback programs, Kronos repurchased a total of 6,187,500 common shares. In addition, Kronos has repurchased 707,137 shares of the 750,000 shares in the current stock buyback program.
From time to time the company, at its discretion, makes share repurchases in accordance with applicable securities law in open market transactions.
About Kronos Incorporated
Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 50 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com.
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