May 13, 2002 Chelmsford, MA
Kronos� Incorporated (Nasdaq: KRON - News), the leading provider of frontline labor management solutions, announced today that its Board of Directors voted to extend its stock repurchase program. This increase authorizes Kronos to repurchase an additional 500,000 shares of common stock.
Under two previously completed stock buyback programs, Kronos repurchased a total of 1,875,000 common shares. In addition, Kronos has repurchased 522,075 shares of the extension of 750,000 shares granted for repurchase in July 2000. From time to time the company, at its discretion, makes share repurchases in accordance with applicable securities laws in open market transactions.
"The Board's approval to expand our stock repurchase program is a good indication of the tremendous confidence we have in the future of Kronos," said Mark S. Ain, Kronos' chief executive officer.
About Kronos Incorporated
Kronos Incorporated is universally recognized as the world's #1 provider of solutions for frontline labor management. With approximately 40,000 customers worldwide, Chelmsford, Mass.-based Kronos offers the broadest suite of applications for managing employee time and activity data, scheduling the workforce, and providing frontline managers with the tools they need to measure and improve labor productivity. Kronos applications allow organizations of all sizes to automate labor management for their entire workforce. http://www.kronos.com
(c)2002 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
