FLORENCE, Ky., June 16, 2006 (PRIMEZONE) -- ImmuDyne (Pink Sheets:IMMD), the leading supplier of Yeast Beta Glucan, announced today that the Company has reached an agreement to buy, for cash, 995,000 of its own common stock in a private transaction. This represents more than 5% of the Company's outstanding shares. With this event, ImmuDyne has recently purchased 1,500,000 of its own shares. The Company stated that it may repurchase additional shares from time to time as conditions permit, in the open market or privately.
About ImmuDyne
ImmuDyne shares trade under the ticker symbol IMMD (PK) and the Company can be found on the web at http://www.immudyne.com