HAMILTON, Bermuda, Dec. 9, 2008 (GLOBE NEWSWIRE) -- VistaPrint Limited (Nasdaq:VPRT), the small business marketing company, today announced that through December 5, 2008, under its previously-announced $50 million share repurchase program, the company repurchased 2,517,885 common shares for approximately $45.0 million, at an average cost per share of $17.86.
"VistaPrint's strong balance sheet allows the company to execute our previously announced share repurchase authorization. We are also pleased with our performance to date during the quarter ending December 31, 2008," said Robert Keane, president and chief executive officer. "Our current performance for the quarter with respect to both revenues and earnings per share is progressing positively relative to the guidance we issued in our press release on October 28, 2008."
As previously announced, VistaPrint will host an Investor Day on December 10, 2008 in New York City, from 2:00 p.m. to 5:00 p.m. EST. The day's agenda includes presentations by Robert Keane, VistaPrint's president and chief executive officer, Michael Giannetto, VistaPrint's executive vice president and chief financial officer, and other senior executives. A live webcast of the event will be available on the Investor Relations section of the company's website at www.vistaprint.com and an audio replay will be available until January 9, 2009.
About VistaPrint
VistaPrint Limited (Nasdaq:VPRT) is the small business marketing company, having served over 16 million customers world-wide. VistaPrint offers small businesses everything they need to market their business with brand identity and promotional products, marketing services and electronic marketing solutions. A global company, VistaPrint employs more than 1,600 people and operates 19 localized Web sites serving over 120 countries around the world. A broad range of marketing products and services are available online at www.vistaprint.com. VistaPrint's products are satisfaction guaranteed.
This press release contains statements about management's future expectations, plans and prospects of our business that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including our results of operations and prospects for the second fiscal quarter of 2009. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, many of which are outside of our control, including but not limited to, our ability to attract customers and to retain customers and to do so in a cost-effective manner, willingness of purchasers of graphic design services and printed products to shop online, failure of our investments, unexpected increases in our use of funds, failure to increase our revenue and keep our expenses consistent with revenue, failures of our web sites or network infrastructure, failure to maintain the prices we charge for our products and services, the inability of our manufacturing operations to meet customer demand, exchange rate fluctuations, downturns in general economic conditions, and other factors that are discussed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2008, our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2008, and other documents we periodically file with the SEC. In addition, the statements in this press release represent our expectations and beliefs as of the date of this press release. We anticipate that subsequent events and developments may cause these expectations and beliefs to change. We specifically disclaim any obligation to update any forward-looking statements. These forward-looking statements should not be relied upon as representing our expectations or beliefs as of any date subsequent to the date of this press release.