August 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ZST Digital Networks, Inc. (NASDAQ: ZSTN), a developer, manufacturer and supplier of cable systems and commercial GPS products, said that its board of directors has authorized the company to repurchase outstanding shares of the company's common stock in an amount not to exceed $1 million. The repurchases will be made in open market purchases, with block trades being permitted, according to ZST.

ZST said that the acquired shares will be retired and cancelled upon repurchase.

China-based ZST Digital Networks is principally engaged in supplying digital and optical network equipment and providing installation services to cable system operators in China.

The company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. ZST has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises.

ZST has also launched a commercial line of vehicle tracking devices utilizing its GPS technologies and support services for transport-related enterprises to track, monitor and optimize their businesses.

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