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NCI Makes Fiscal Move

NCI’s (NASDAQ:NCIT) board of directors gave a collective thumbs-up to a share repurchase program of up to $25 million of the firm’s outstanding common stock.

“We are pleased to announce a share repurchase program, ” CEO Charles Narang said. “We believe that the current trading range of NCI’s stock price provides an exceptional investment value. The decision to repurchase shares is based on the company’s solid capitalization, our positive long-term outlook for the company’s business, and our assessment that future cash flows and access to credit will provide financial flexibility to allow continued investment in our internal growth opportunities and strategic acquisitions to ultimately improve stockholder value in the future.”

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