(Source: Business Wire)

Acme United Corporation (NYSE AMEX:ACU) announced today that its Board
of Directors approved a new stock repurchase program of up to 200,000
common shares. The Company may repurchase up to 49,335 shares under its
repurchase program previously announced on December 19, 2008.
The Board of Directors also declared a cash dividend of 5 cents per
share on its outstanding common stock. The dividend is payable on
November 10, 2009 to stockholders of record on the close of business on
October 20, 2009.
Walter C. Johnsen, Chairman and CEO said, "Acme United is generating
strong cash flow despite soft sales and earnings. Our debt continues to
decline and we feel we are well positioned to take advantage of growth
opportunities. We believe purchasing our stock is an attractive use of
cash for our shareholders."
There were 3,258,368 shares outstanding as of October 6, 2009.
ACME UNITED CORPORATION is a specialized supplier of cutting
devices, measuring instruments, and safety products for school, home,
office, hardware and industrial use. Its leading brands include
Westcott®, Clauss®, and PhysiciansCare ®.
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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