Cindy Curtin Knezevich
770-352-1300
cindyk@jacada.com
Peter L. Seltzberg
Hayden Communications
646-415-8972
peter@haydenir.com
Press Release
Jacada Ltd. Announces Update on Share Repurchase Authorization
Israeli Court Approves $10 million Buyback Plan
ATLANTA, April 8, 2008 – Jacada Ltd. (Nasdaq: JCDA), a leading provider of unified desktop and process optimization solutions for customer service operations, today announced that it has received the required Israeli court approval for its share repurchase program, which was authorized by the Jacada board of directors and initially announced on February 13, 2008.
Share repurchases will be made from time-to-time at the discretion of management in the open market or in privately negotiated transactions, subject to, among other factors, market conditions, trading volume and the company's share price. The company anticipates initiating share repurchases subsequent to the end of its quiet period, after the announcement of first quarter results.
Forward Looking Statements
This news release may contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the performance and continued acceptance of our products, general economic conditions and other Risk Factors specifically identified in our reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. Jacada is a trademark of Jacada Inc. All other brands or product names are trademarks of their respective owners.