Pacific CMA to repurchase up to $500,000 in common stock

Pacific CMA to repurchase up to $500,000 in common stock    The board of directors of New York-based forwarding and logistics company Pacific CMA Inc. has authorized a stock repurchase program of up to $500,000 of the company’s common stock.
   Pacific CMA said the shares will be repurchased either in the open market or in privately negotiated block transactions, dependent on prevailing market prices, availability, and market conditions. No time frame has been set for completion of the program.
   “This repurchase program reflects our positive outlook for continued growth and represents our commitment to maximizing our long-term value,” said Alfred Lam, chairman of Pacific CMA.