The Board of Directors of Alanco Technologies, Inc. (OTCBB:ALAN) authorized a share repurchase program on December 12, 2011. Under the program, the company will repurchase up to 2,000,000 shares. The timing and the amount of future repurchases will be determined by the company management and primarily based upon market conditions and share price. The company may suspend or discontinue the repurchases at any time. The company will utilize the available cash resources in order to fund the program. The program will be valid over the next 12 months.

Alanco Technologies, Inc.'s share repurchase program expired on December 11, 2012. Under the program, the company has repurchased 44,200 shares for $0.03 million.