MPC repurchases nearly 54,000 shares in 3Q

ATLANTA – Fiberglass boat manufacturer Marine Products Corp. plans share repurchases for the third quarter of 2004 totaling 53,700 shares at an average price of $16.31 per share, the company said in a press release this morning.

The MPC Board of Directors approved a program earlier this year authorizing the repurchase of up to 1.5 million shares.

Since the program’s inception, 613,751 shares have been repurchased, and 886,249 additional shares may be purchased under this program, which does not have an expiration date, the company said.

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