SilverSun Technologies Announces Cash Dividend
December 24 2019 - 9:00AM
via NEWMEDIAWIRE --
SilverSun Technologies,
Inc. (NASDAQ: SSNT), a national provider of
transformational business technology solutions and services, today
announced that its Board of Directors has declared a special cash
dividend on the Company’s common stock of $0.50 per share. The
record date will be January 7, 2020, and the payment date will be
January 14, 2020.
"As we continue to execute on our business plan, we believe this
special cash dividend is an appropriate way to reward our
shareholders for their support,” commented Mark Meller, Chairman
and Chief Executive Officer of the Company. “We are fortunate to be
able to share the financial success of the Company with our owners,
and look forward to more such distributions in the future, business
conditions permitting.”
The payment of future dividends, if any, will be
subject to SilverSun’s cash requirements. The Company's board of
directors will assess any future dividend payout levels in light of
the Company's financial performance and its current and anticipated
business needs at such time.
Additional information regarding SilverSun
Technologies is available on the Company website
at www.silversuntech.com.
About SilverSun Technologies,
Inc.
We are a business application, technology and
consulting company providing software and IT solutions to meet our
clients’ information, technology and business management needs. Our
services and technologies enable customers to manage, protect and
monetize their enterprise assets whether on-premise or in the
“cloud”. As a value-added reseller of business application
software, we offer solutions for accounting and business
management, financial reporting, Enterprise Resource Planning
(“ERP”), Warehouse Management Systems (“WMS”), Customer
Relationship Management (“CRM”), Business Intelligence (“BI”) and
other business applications. Our value-added services focus
on consulting and professional services, specialized programming,
training, and technical support. We have a dedicated network
managed services practice that provides cybersecurity, application
hosting, disaster recovery, business continuity, cloud and other
services. Our customers are nationwide, with concentrations in the
New York/New Jersey metropolitan area, Chicago, Arizona, Southern
California, North Carolina, Washington and Oregon.
Forward-Looking
Statements
This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things our plans, strategies and
prospects -- both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as "believe," "expect,"
"anticipate," "should," "planned," "will," "may," "intend,"
"estimated," and "potential," among others. Important factors that
could cause actual results to differ materially from the
forward-looking statements we make in this news release include
market conditions and those set forth in reports or documents that
we file from time to time with the United States Securities and
Exchange Commission. All forward-looking statements attributable to
SilverSun Technologies, Inc. or a person acting on its behalf are
expressly qualified in their entirety by this cautionary
language.
Contact:
Corporate
Mark Meller
SilverSun Technologies, Inc.
973-758-6108
meller@silversuntech.com
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