September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Adama Technologies Corp.’s (OTCBB: ADAC) board of directors has authorized the company to repurchase up to 20 million shares of the company's common stock at a price of up to $0.035 per share.

The share repurchases will be made through the open market through unsolicited or solicited privately negotiated transactions.

Adama said that the purchases will be funded with the company's available cash and a bridge loan, should it become necessary to secure this type of loan.

New York-based Adama is a Brownfield remediation firm that treats various metals within the Resource and Recovery Act and Universal Treatment Standards.

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