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The company recently completed the purchase of 250,000 shares of its common stock under a buyback plan approved in June 2006.
Vermont Pure currently has around 21.5 million shares of its common stock outstanding and plans to use funds provided from operations to repurchase stock. Another possible source of funds would be the company's credit facility, which provides for such purchases within certain limitations.
Watertown, Connecticut-based Vermont Pure Holdings bottles and distributes natural spring water and purified with minerals added bottled water under the Crystal Rock and the Vermont Pure trademarks.
The company markets its bottled water brands, as well as coffee and other home and office refreshment products, to customers throughout New England and New York.
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