Matrix Announces Stock Repurchase Plan

Matrix Service Co., a Tulsa-based industrial services company, today announced that its Board of Directors has authorized the company to repurchase up to 1.3 million shares of Matrix Service Company Common Stock under the stock buyback program previously approved in October 2000.

The purchase may be made from time to time in the open market or in privately negotiated transactions, at a price deemed appropriate by the company. The company currently has 26.59 million shares of common stock outstanding.



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