Published:
Channell Announces Stock Repurchase Program

Channell Commercial Corporation (NASDAQ: CHNL), a designer and manufacturer of telecommunications equipment supplied
to operators of communications networks worldwide and water harvesting
solutions distributed in markets throughout Australia and North America,
announced that its board of directors has approved a stock repurchase
program in an amount not to exceed $200,000 in the aggregate in a fiscal
year subject to the conditions and limitations contained in its domestic
loan agreement or as otherwise agreed to by the Company's lender. The
Company has approximately 9.5 million shares outstanding as of June 30,
2008.
Shares acquired pursuant to the repurchase program are expected to be
purchased from time to time on the open market or in privately negotiated
transactions, depending on market conditions and the capital requirements
of the Company. Any open market stock repurchase activities will be
conducted in compliance with the safe harbor provisions of Rule 10b-18 of
the Securities Exchange Act of 1934. This program can be suspended or
discontinued at any time by the Company's board of directors.
About Channell
Channell Commercial Corporation is a designer and manufacturer of
telecommunications equipment supplied to communications network operators
worldwide and water harvesting solutions distributed in markets throughout
Australia and North America. Major product lines include a complete line
of thermoplastic and metal fabricated enclosures, advanced copper
termination and connectorization products, fiber-optic cable management
systems and polyethylene water storage tanks. The Company's headquarters
and U.S. manufacturing facilities are in Temecula, California.
International operations include facilities in Toronto (Canada), London
(U.K.) and various locations throughout Australia. The Company's website
is www.channell.com.
Forward-Looking Statements
This news release contains statements that are not historical in nature and
that may be characterized as "forward-looking statements" within the
meaning of the securities laws. These statements are based on management's
current expectations, are neither promises nor guarantees, and are subject
to a number of uncertainties and risks that could cause a failure to comply
with these forward-looking statements. Such risks and uncertainties
include, but are not limited to: (1) obsolescence of Company products
resulting from technological change, (2) ability to anticipate changes in
technology and industry standards in order to successfully develop and
introduce new products, (3) dependence on a few customers for a large
percentage of sales, (4) dependence on the telecommunications industry to
represent a substantial portion of the Company's total sales, (5) customer
demand, (6) material costs and the availability of complementary products,
(7) energy costs, (8) integration of acquired businesses, (9) delays in
product development, (10) operating leverage, (11) seasonality and
fluctuations in operating results and (12) worldwide economic conditions.
For a detailed discussion of such risks and uncertainties, please see the
Company's filings with the Securities and Exchange Commission, which you
are encouraged to review in connection with this release. You should not
place undue reliance on any such forward-looking statements in this press
release, which are current only as of the date when made, and you should
not expect that these forward-looking statements will be updated or
supplemented as a result of changing circumstances or otherwise.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
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Tags: ,Computers and Software:Hardware, ComputersandSoftware:Networking, ElectronicsandSemiconductors:ElectronicComponents, ElectronicsandSemiconductors:Micro-electronicsandNanotechnology, ElectronicsandSemiconductors:OpticalComponents, ProfessionalServices:Engineering, Telecom:Networking, Telecom:TelecommunicationEquipment, ,NASDAQ01,NASDAQ01,CA,TEMECULA, CA
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