EXHIBIT 99.1
ACME UNITED CORPORATION NEWS RELEASE
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CONTACT: Paul G. Driscoll
Acme United Corporation
60 Round Hill Road Fairfield, CT 06824
Phone: (203) 254-6060 FAX: (203) 254-6521
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FOR IMMEDIATE RELEASE January 23, 2008
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ACME UNITED CORPORATION ANNOUNCES STOCK BUYBACK
FAIRFIELD, CONN. - January 23, 2008 - Acme United Corporation
(AMEX:ACU) announced today that its Board of Directors approved a new stock
repurchase program of up to 150,000 common shares. The Company also may
repurchase up to 47,800 shares under its repurchase program previously announced
on October 4, 2005.
Walter C. Johnsen, Chairman and CEO, said, "We are pleased to announce
this buy-back program as it demonstrates management's commitment to build long
term shareholder value."
There were 3,552,883 shares outstanding as of December 31, 2007.
ACME UNITED CORPORATION is an innovative supplier of cutting devices,
measuring instruments, and safety products for school, home, office, hardware
and industrial use. Its leading brands include Westcott(R), Clauss(R), and
PhysiciansCare (R).
Forward-looking statements in this report, including without
limitation, statements related to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties including without limitation the following: (i) the Company's
plans, strategies, objectives, expectations and intentions are subject to change
at any time at the discretion of the Company; (ii) the Company's plans and
results of operations will be affected by the Company's ability to manage its
growth, and (iii) other risks and uncertainties indicated from time to time in
the Company's filings with the Securities and Exchange Commission.
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