The Board of Directors of El Maniel International, Inc. (OTCPK:EMLL) authorized a share repurchase program on April 12, 2011. Under the program, the company will repurchase up to 400,000,000 of its issued and outstanding common stock. The program will be funded by utilizing the funds generated from bottom line profits. The purpose of the program is to return capital to its shareholders and for the mid-term growth of the company. The program will commence immediately and will be valid for a period of one year or until all of the shares have been purchased, whichever is earlier. Till March 31, 2012, the company has made no repurchases. El Maniel International, Inc.'s share repurchase program expired on April 11, 2012.