COMMON SHARE REPURCHASE PROGRAM

9 Months Ended

Sep. 30, 2011

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

NOTE 7 — COMMON SHARE REPURCHASE PROGRAM

The Company has a share repurchase program for up to 30 million shares of the Company’s common stock.  At management’s discretion, the Company repurchases its common stock from time to time in the open market, depending on market conditions, stock price and other factors.  During the three and nine month periods ended September 30, 2011, the Company purchased an aggregate of 455,664 and 795,664 common shares, respectively, in the open market under this plan.  As of September 30, 2011, there remained 5,367,322 shares available for repurchase under the stock repurchase program.  The repurchased common shares remain in treasury and have not been retired.