Assante displeased with market underevaluation

(October 25 – 10:20 ET) –
Winnipeg’s Assante Corp.
intends to begin a normal course
issuer bid to buyback up to
2,775,000 of its subordinate
voting shares – about 5% of the
subordinate voting shares
outstanding.

Marty Weinberg, Assante’s
president and CEO said in a
statement that his company
believes the market is undervaluing
the firm’s stock. Assante intends
to continue with its basic growth
strategy, including active
acquisitions, despite the fact
that the company’s stock has been
beaten up since its IPO earlier
in the summer.