Tucows Announces $10 Million Dollar Stock Buyback Program

HostReview.com
Wednesday, January 10, 2007; 01:43 AM

Tucows Inc., a leading provider of Internet services to web hosting companies, ISPs and other service providers worldwide, announced that its Board of Directors has approved a stock buyback program of up to $10 million for the repurchase of its common stock.

The timing and exact number of shares purchased will be at the Company's discretion and will depend on market conditions and may be suspended or discontinued at any time. All repurchases may occur through open market purchases, privately negotiated or block transactions as permitted by securities laws and other legal requirements. The Company does not intend to repurchase any shares from its management team or other insiders. As of January 9, 2007, the Company has approximately 76 million shares of common stock outstanding.

About Tucows

Tucows Inc. (AMEX:TCX, TSX:TC) provides Internet services through a global distribution network of 6,000 web hosting companies, ISPs (Internet Service Providers) and other Internet related service companies. Our partners use Tucows' provisioned services to offer solutions to their customers: enterprises, small and medium businesses and consumers. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers) and provides domain name registration services, hosted email, spam and virus protection, Blogware, website building tools, the Platypus Billing System and digital certificates. Tucows also provides software download libraries. For more information, please visit: www.tucowsinc.com

For further information: Leona Hobbs, Communications Manager, Tucows Inc., (416) 538-5450, lhobbs@tucows.com