LAS VEGAS, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Last week, heads turned market-wide as some of the most followed equities on the planet announced better than expected earnings reports. Today, a smaller issue has issued head turning news in its own right, reporting a company buy back of its own shares.
Ideal Financial Solutions, Inc., (Pink Sheets:IFSL), a company rapidly selling an automated system that helps consumers reduce debt and build wealth, has announced a plan to repurchase and retire common shares from the open market as revenue and profits continue to increase. This uncommon move certainly signals a vote of confidence by IFSL to its shareholders and the broader market.
According to the release, management has decided to take a minimum of 3% of monthly profits to be used to repurchase common shares from the open market and to retire those shares to treasury for the next six months.
Ideal Financial's news release today can be viewed under the stock symbol "IFSL" or "IFSL.pk" across the financial web.
Based in Las Vegas, Nevada, Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow Management(C) tools (www.myifs.com) and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. To view a short video demo of services go to www.ibuildwealthclub.net.
A profile featuring Ideal Financial Solutions and of interest to investors of financial service companies Charles Schwab (Nasdaq:SCHW), TD Ameritrade (Nasdaq:AMTD), E-Trade Financial (Nasdaq:ETFC), and Bank of America Corp. (NYSE:BAC) is available at www.SmallCapSentinel.com/IFSL
Locate every blog, news item, message board and more for any of these companies at financial search engine www.BoardMark.com
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved the statements made in this report. This report is neither a solicitation to buy nor offer to sell securities and is for information purposes only and shouldn't be used as basis for investment decisions. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. (IMI) has been and will be paid $5,000 per month ($15,000 to date) for six months by Ideal Financial Solutions and will receive 35,000,000 shares of IFSL for this report and other advertising services for a six month period. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.