The program authorizes Reliv to purchase up to $1 million of its shares at the market price on the open market or in block trades over the next 24 months. The number of shares to be repurchased and the timing of purchases will be at the discretion of the company's management, and will be subject to restrictions related to volume, price and timing. Reliv International intends to fund the share repurchase program with its available cash balances.
Robert L. Montgomery, chairman, president and chief executive officer, said, "We believe that current market conditions and our strong financial position make this repurchase program an attractive use of available funds at this time."
