Zoned Properties approves $1M common stock repurchase program with unlimited duration

Zoned Properties, Inc.

Board authorized repurchase of up to $1 million of common stock over an unlimited time period.
Preferred stockholders (two holders owning 100% of preferred stock) approved the program.
Repurchases may occur in open market, privately, or via Rule 10b5-1 plans, subject to Rule 10b-18.
CEO Bryan McLaren cites strong cash flow, robust balance sheet, and valuation gap as rationale.
Company not obligated to repurchase any shares; program may be suspended or modified at any time.

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