LOM (Holdings) Ltd. has purchased 40,000 of its own shares for cancellation at an average price of $3.85 per share.

The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price and other factors. The company currently has 6,382,000 shares of common stock outstanding.

"The stock repurchase authorization demonstrates the confidence of our board and management and the strength of our balance sheet and cash flow," said Scott Lines, president and CEO of LOM.

"It is consistent with our strategy of providing value to our shareholders while maintaining flexibility to continue to invest in future growth opportunities."

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