Micronetics Wireless Authorizes Stock Buy-Back

The board of directors of Micronetics Wireless Inc. (Hudson, NH) has authorized the repurchase of up to 5% of its outstanding shares of common stock.

The board's action authorizes stock purchases in the open market or through privately negotiated transactions. Repurchased common shares will be added to the company's treasury shares and may be used to meet common stock requirements of stock option plans and other corporate purposes.

Micronetics Wireless designs, manufactures, and markets a wide range of test equipment and components used in testing and manufacturing of cellular, PCS, wireless local loop, and satellite equipment.