The Board of Directors of InternetArray, Inc. (OTCPK:INAR) authorized a share repurchase program on January 28, 2013. Under the program, the company will repurchase up to 1,000,000,000 shares through a combination of market and private transactions. The company will retire the repurchased shares to treasury.

The plan is a part of a continuing corporate restructuring and cost-cutting initiatives. The company is committed to providing shareholders' value and this restructuring is underway because management believes the common stock is extremely undervalued at these levels, and wants to instill shareholders' confidence by buying back shares.