Business Services Industry
Zunicom Announces Clarification on Dividend: Stock Will Trade "Ex-Dividend" Beginning March 27, 2007
Business Wire, March 13, 2007
CARROLLTON, Texas -- Zunicom, Inc. (OTCBB:ZNCM) announced today that, in accordance with NASD rules, its stock will trade "ex-dividend" beginning March 27, 2007. Thus, purchasers of Zunicom common stock on the OTC Bulletin Board on or before the payment date will be entitled to receipt of the dividend and persons who sell Zunicom shares on the OTC Bulletin Board after the record date but on or before the payment date will not be entitled to receipt of the dividend.
Zunicom had previously announced that its Board of Directors had declared a dividend of $0.80 per common share payable on March 26, 2007 to shareholders of record as of March 9, 2007. Since the dividend exceeds 25% of the value of a share of Zunicom common stock, under applicable NASD rules, the first "ex-dividend" date will be the first business day following the payment date.
About Zunicom, Inc.
Zunicom, Inc. (www.zunicom.com) through its wholly owned subsidiary, AlphaNet Hospitality Systems, Inc. (www.alphanet.net), provides business communication services to the hospitality industry. Zunicom owns 2,000,000 shares of the common stock of Universal Power Group, Inc. (AMEX:UPG) that represents 40% of the issued and outstanding shares of UPG common stock as of this date.
Forward-Looking Statement Disclaimer
This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
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