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SUBSEQUENT EVENTS
6 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

12. SUBSEQUENT EVENTS

 

The Company has completed the authorized repurchase of $5 million of its stock. The Board of Directors of the company has authorized the repurchase of up to an additional $3 million worth of shares from time to time on the open market or in privately negotiated transactions. The $5 million buy-back was authorized by the Board on September 29, 2008. Under this buy-back plan, the company repurchased 756,087 shares of stock in the open market at an average price of $6.61.