In the news release, Cemtrex Announces Record Date for Series 1
Preferred Stock Dividend, issued Sept. 15,
2017 by Cemtrex, Inc. over PR Newswire, we are advised by
the company that in the first paragraph, "September 15, 2017" should read "September 19, 2017" -- The complete, corrected
release follows:
Cemtrex Announces Record Date for Series 1 Preferred Stock Dividend
FARMINGDALE, N.Y., Sept. 15, 2017 /PRNewswire/ -- Cemtrex, Inc.
(Nasdaq: CETX, CETXP, CETXW), a world-leading industrial and
manufacturing company, today announced that the company will pay
its dividend on Series 1 preferred stock in additional shares of
preferred stock, which is due on September
29, 2017 to the holders of record on close of business on
September 19, 2017.
Cemtrex's Chairman and CEO, Saagar Govil, commented, "We are
excited about the momentum in our business and the opportunities we
see on the horizon for acquisitions to augment our organic growth.
In addition to the proposed Key Tronic Corporation transaction that
we announced earlier this month, we have several acquisitions lined
up over the next three-to-six months that we believe could yield up
to $250 million in additional
revenues with new marquee customers, significant intellectual
property and enhance our competitive advantages over the long
term."
"Considering the acquisition strategy we have planned, the Board
has decided that paying a stock dividend is prudent at this
time. This decision will allow us to utilize our cash to help
fund growth that will provide returns for all our shareholders,"
concluded Govil.
About Cemtrex
Cemtrex, Inc. (CETX) is a world-leading diversified industrial
and manufacturing company that provides a wide array of solutions
to meet today's technology challenges. Cemtrex provides
manufacturing services of advanced custom engineered electronics,
industrial services, monitoring instruments for industrial
processes and environmental compliance, and systems for controlling
particulates, hazardous gases, emissions of Greenhouse gases, and
other regulated pollutants. The Company also develops its own
proprietary IoT and wearable devices.
www.cemtrex.com
Safe Harbor Statement
This press release contains forward-looking statements. Actual
results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent
date.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
176614@email4pr.com
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SOURCE Cemtrex, Inc.