LOM (Holdings) Ltd. continued its share repurchase drive by buying 21,500 of its own shares for cancellation at an average price of $3.59 per share.

The company currently has 6,360,500 shares of common stock outstanding, with the number of shares repurchased and the timing of the transaction dependent on market conditions, share price and other factors.

"This action is part of the company's ongoing commitment to balance sheet and capital efficiency and the creation of shareholder value," said Donald Lines, Chairman of LOM (Holdings).

The stock repurchase will be funded using the company's available cash. As of December 31, 2007, the company had cash and cash equivalents in excess of $9 million and no debt.