Network-1 extends share repurchase program by $5M over two years

NETWORK-1 TECHNOLOGIES, INC.

Board approved extension authorizing up to $5M in share repurchases over next two years.
Since August 2011, 9,360,944 shares repurchased at avg $1.93/share (~$18.1M total cost).
Repurchases may occur in open market or private transactions; program can be suspended or discontinued.
Board believes program leverages strong cash position and is in best interest of shareholders.

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