More and more companies are considering or conducting buy-backs or repurchase programs. Fact is, as of June of 2007, 423 of the S&P 500 companies were either engaged in, or had announced, a repurchase strategy. In an effort to maximize the results and benefits of buy-backs, many companies turn to modified Dutch Auctions (MDAs) as a means to return value to shareholders, streamline their investor base, demonstrate a commitment to the business and provide increased liquidity for investors.

In today's challenging market environment, balancing the needs of the business with the expectations of shareholders can be an arduous task. Whether your company has a current Open Market Share Repurchase plan (OMSR) in effect or not, Share Repurchase Programs (SRP) will show you how a properly crafted and managed MDA can be deployed to ensure all needs and objectives of your repurchase strategy are satisfied (company's and shareholders' alike).

Through a customized business analysis, market research and operational support, SRP will guide you through the MDA process from start to finish. This turnkey level of service will enable your company to maximize its share repurchase strategy, while benefiting from the numerous ancillary benefits that can only be derived through an MDA. From the announcement to the final report to Management - SRP will handle it all.

This process includes:

·	Pricing and structuring of the transaction
·	Timing of the repurchase program
·	Preparation and submission of all required regulatory filings
·	Drafting of all shareholder communication documents
·	Coordinating and Overseeing every operational aspect of the program (including information agent, mail house and depositary)
·	Management Updates/Reporting and assisting with all necessary Board interaction.