ZST Digital Networks, Inc. Announces Completion of Share Repurchase Program

^{Published on 2012-01-09 05:16:04 - Market Wire}
 

ZST Digital Networks, Inc. Announces Completion of Share Repurchase Program -- ZHENGZHOU, China, Jan. 9, 2012 /PRNewswire-Asia-FirstCall/ --

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ZHENGZHOU, China,Jan. 9, 2012 /PRNewswire-Asia-FirstCall/ -- ZST Digital Networks, Inc. ("ZST" or the "Company") (NASDAQ: [ ZSTN ]), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced the completion of its US$1 million share repurchase program, authorized in August 2010. Further details of the completion of the stock buyback including number of shares and average price will be provided in the Company's fourth quarter and fiscal year 2011 earnings release.  

Mr. Zhong Bo, Chairman and Chief Executive Officer of ZST, commented, "The completion of our share repurchase program underscores our commitment to increasing value for our shareholders.  Given our consistent performance and the continuing strong demand for our products and services, repurchase of our shares at what we believe to be compelling valuations have constituted an effective use of capital.  The growth opportunities in the IPTV and commercial GPS products and services markets in Henan province remain robust, and we believe we are well positioned to continue expanding our share of these growing markets. We will remain focused on the execution of our growth strategy in the year ahead while evaluating additional options to increase shareholder returns."    

About ZST Digital Network, Inc.

ZST Digital Networks, Inc. (Nasdaq: [ ZSTN ]) is a China-based company, principally engaged in (1) supplying digital and optical network equipment and providing installation services to cable system operators in China and (2) providing GPS location and tracking services to local logistics and transportation companies in China.  The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers.  The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises. The Company has also launched a commercial line of vehicle tracking devices utilizing our GPS tracking technologies and support services for transport-related enterprises to track, monitor and optimize their businesses.  For more information about ZST Digital Networks, Inc., please visit: [ http://www.zstdigital.com/english ].

SOURCE ZST Digital Networks, Inc.

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