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Decision Dynamics Announces Normal Course Issuer Bid
2008-12-11
Calgary, AB - December 10, 2008 Decision Dynamics Technology Ltd. (the "Company") (Decision
Dynamics; TSX-V: DDY), a premier supplier of project controls and real time operations reporting
solutions, today announced its intention to commence a normal course issuer bid to purchase its
common shares from time to time in accordance with the policies of the TSX Venture Exchange (the
"TSXV"). The TSXV has accepted notice of the Company's intention to commence a normal course
issuer bid.
Pursuant to the notice filed with the TSXV, the Company may purchase for cancellation up to 3,010,623 of its common shares (representing 5% of the 60,212,466 common shares outstanding as of December 4, 2008), during the 12 month period commencing December 15, 2008 and ending December 14, 2009, or when the Company has purchased the maximum number of common shares permitted under the bid. The price that the Company will pay for any common shares acquired under the normal course issuer bid will be the market price at the time of purchase or such other price as may be permitted by the TSXV. The purchases will be made through the facilities of the TSXV by Canaccord Capital inc. on behalf of the Company.
Management and the directors of the Company believe that fluctuating global market conditions periodically (and currently) result in unwarranted reductions in the Company's share price that do not reflect the underlying value of its net asset value. As a result, depending upon future price movements and other factors, the Company believes that the purchase for cancellation of its common shares may represent an attractive investment and a desirable use of a portion of its available funds.
About Decision Dynamics Technology Ltd.
Decision Dynamics is a premier supplier of project controls and operations reporting software designed to provide better project visibility by unifying the project data and knowledge needed to make better faster project management decisions.
Our flagship product, Oncore, provides real time cost information, contract validation, and approvals for operations management and capital projects. We focus on the superior management of the labor, equipment, materials, and expense data and metrics for business operations and capital projects. Our customers are E&C and operating companies that perform projects in the normal course of business. Decision Dynamics is a Microsoft Gold Certified Partner. It operates a wholly-owned foreign subsidiary in the United States, and has offices in Edmonton, Alberta, with its headquarters in Calgary, Alberta.
For more information: DDY NR Normal Course Issuer Bid 12 10 08.pdf
Decision Dynamics trades on the TSX Venture Exchange under the symbol "DDY". For more information visit www.ddytech.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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