Volt Information Sciences Inc. (AMEX:VISI) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares of company's common stock. Shares will be repurchased at management's discretion through open market or private transactions.

Repurchased shares will be held in treasury. Share repurchase program underscores company's continued commitment to building shareholder value. The company is also making the share repurchases as it believes that company's share price does not fully reflect the company's underlying value.

Share repurchases under the program will be subject to specified parameters and certain price and volume restraints. The exact number and timing of share repurchases will depend upon market conditions and other factors.