Tempe, Arizona (PRWEB) March 16, 2012
International Leisure Hosts, Ltd. announced today that the Board of Directors has approved a stock repurchase plan.
Due to the fact that the recently adopted Plan of Dissolution of the Company has been placed on indefinite hold and also because International Leisure Hosts, Ltd. stock is so thinly traded, with no reasonable market makers, many shareholders who may want to sell their stock and liquidate their holdings are prevented from doing so at a reasonable price.
The Board of Directors felt it would be in the best interests of the stockholders to authorize the company to repurchase the shares of International Leisure Hosts, Ltd. held by any shareholder that desires to liquidate his or her holdings in the Company.
The Company will buy back any quantity of shares held by any shareholder for $7.00 per share until June 30, 2012, subject to some limitations.
Any shareholder wishing to sell their shares should contact Michael Perikly at 480-829-7600 or by email at mike (at) flaggranch (dot) com for more information.