Spigadoro, Inc., a leading manufacturer of branded products in the Mediterranean food sector, today announced that its Board of Directors has authorized the purchase of up to 1,000,000 shares of Spigadoro Common Stock. Jacob Agam, Chairman and Chief Executive Officer of Spigadoro, commented: "We believe that the current price of our stock does not reflect the inherent value of Spigadoro, especially given the opportunities available to us for growth through acquisitions and continued operational improvements.