American Medical Alert Corp. Announces Second Special Cash Dividend
July 19 2010 - 9:20AM
Business Wire
American Medical Alert Corp. (NASDAQ: AMAC) a healthcare
communications solutions provider, today announced that its Board
of Directors has approved the payment of a special cash dividend of
$0.10 (ten cents) per common share. The dividend will be paid on or
about October 1, 2010 to shareholders of record as of the close of
business on September 13, 2010.
Jack Rhian, AMAC’s President and CEO stated: “We are pleased
that, for the second time, we are able to issue a special cash
dividend to shareholders. AMAC’s strong cash flow and solid balance
sheet provide us the financial flexibility to return significant
cash to our shareholders while also providing the capacity to fuel
our multi-pronged growth initiatives. We remain confident in the
strength of the Company and are committed to increasing shareholder
value through execution of our strategic objectives. Additionally,
with the anticipated trend of continued strong cash flow
generation, management and the Board of Directors intend to
evaluate the option of adopting a recurring cash dividend program
in the future.”
About American Medical Alert Corp.
AMAC is a healthcare communications company dedicated to the
provision of support services to the healthcare community. AMAC's
product and service portfolio includes Personal Emergency Response
Systems (PERS) and emergency response monitoring, electronic
medication reminder devices, disease management monitoring
appliances and healthcare communication solutions services. AMAC
operates eight US based communication centers under local trade
names: HLINK OnCall, North Shore TAS, Live Message America, ACT
Teleservice, MD OnCall, Capitol Medical Bureau, American
MediConnect and Phone Screen to support the delivery of high
quality, healthcare communications.
Forward Looking Statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Forward-looking
statements may be identified by the use of forward-looking
terminology such as "may," "will," "expect," "believe," "estimate,"
"anticipate," "continue," or similar terms, variations of those
terms or the negative of those terms. Important factors that could
cause actual results to differ materially from those indicated by
such forward-looking statements are set forth in the Company's
filings with the Securities and Exchange Commission (SEC),
including the Company's Annual Report on Form 10-K, the Company's
Quarterly Reports on Forms 10-Q, and other filings and releases.
These include risks and uncertainties relating to competition,
government regulation, technological changes and product liability
risks. The Company does not undertake any obligation to update
these forward-looking statements for events occurring after the
date of this press release.
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