Envela board authorizes repurchase of up to 1 million shares

Irving, tx / accesswire / march 17, 2023 / envela corporation (nyse american:ela) ("envela" or the "company"), the north american re-commerce leader, today announced that its board of directors authorized a share repurchase program for up to 1 million shares of its outstanding common stock. "the repurchase authorization of up to 1 million shares of stock reflects the confidence that the board and the executive management team have in envela's ability to generate cash, while still investing in innovation and growth opportunities in the re-commerce space," said john loftus, ceo of envela corp. "we are committed to strategically deploying capital to drive long-term value for stockholders.
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