NEW YORK, NY / ACCESSWIRE / June 12, 2019 / Network-1 Technologies, Inc. (the "Company" or "Network-1") (NYSE American: NTIP) announced today that its Board of Directors has extended and increased its previously announced share repurchase program (the "Share Repurchase Program") pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended, permitting the Company to repurchase up to $5,000,000 of shares of its common stock over the next two years (for a total authorization since inception of the program of approximately $22,000,000). To date, the Company has repurchased an aggregate of 8,234,298 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.86 per share or an aggregate cost of approximately $15,530,559 (exclusive of commissions).
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