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GTSI to Repurchase up to $5M of Common Stock to Take Advantage of Strong Cash Position

GTSI‘s board of directors has authorized the company to repurchase up to $5 million in shares of its common stock.

The share repurchase program is effective immediately and the timing and amount of shares repurchased will be determined by company management.

The company said the move follows several capital allocation strategies it is considering to take advantage of its strong cash holdings.

As of June 30, 2011, GTSI had 9, 679, 866 shares of common stock outstanding.

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