Mitcham Industries Inc. (NasdaqGS:MIND) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares of its common stock. Purchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or otherwise on a discretionary basis.

The company expects to finance any repurchases from a combination of cash on hand, cash provided by operating activities and proceeds from our revolving credit facility. The company believes that the repurchase program demonstrates company's commitment to continued shareholder returns and offers an attractive investment option. The plan will run through December 31, 2015.