MOD-PAC CORP. Increases Share Repurchase Authorization to 200,000 Shares (MPAC)

MOD-PAC CORP. MPAC, a manufacturer of custom and stock paper board packaging and provider of personalized print products, announced today that its Board of Directors has authorized an increase of the existing share repurchase program up to an aggregate of 200,000 shares of the Company's common stock. The previous share repurchase program, which was announced on August 30, 2010, had a remaining authorization of 84,930 shares. “The increased share repurchase authorization demonstrates our continued confidence in our business and commitment to deliver long-term value to our shareholders,” said Daniel G. Keane, President and CEO of MOD-PAC CORP.