SHAREHOLDERS EQUITY

12 Months Ended

Jan. 31, 2012

Stockholders Equity Note Disclosure Abstract

SHAREHOLDERS EQUITY [Text Block]

NOTE 9:                SHAREHOLDERS' EQUITY

During the fiscal year ended January 31, 2012, the Company repurchased 16,861 shares pursuant to a 300,000 share stock repurchase program authorized by the Company's Board of Directors on November 5, 2008.  The 300,000 share stock repurchase program has no fixed expiration date and, as of January 31, 2012, there were 170,496 shares remaining under the program.

The Company has a Shareholders' Rights Plan, as amended, under which the Company's Board of Directors declared a dividend of one Right for each Common Share owned.  The Plan provides, under certain conditions involving acquisition of the Company's Common Shares, that holders of Rights, except for the acquiring entity, would be entitled to purchase Common Shares of the Company, or acquiring company, having a value of twice the Rights' exercise price.  The Rights under the Plan expire in 2020.