Mastech Holdings, Inc. Announces a $2.00 Per Share Special Cash
Dividend
PITTSBURGH, Nov. 29, 2012 /PRNewswire/ -- Mastech
Holdings, Inc. (NYSE MKT: MHH), a national provider of Information
Technology and Specialized Healthcare staffing services, announced
today that its Board of Directors has declared a special one-time
cash dividend of $2.00 per share of
common stock, payable on December 21,
2012 to shareholders of record at the close of December 20, 2012.
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As a result of the Board's review of the Company's current
financial position and business outlook, the Board determined that
the payment of a special dividend was in the best interest of the
Company and its shareholders.
Commenting on the Board's decision to declare this special
dividend, Kevin Horner, Mastech's
Chief Executive Officer stated, "We are very pleased to be in a
position to pay this dividend to our shareholders and are
comfortable that the Company continues to have adequate capital
resources to meet its business needs."
About Mastech Holdings, Inc.:
Leveraging the power of 25 years of
IT experience, Mastech (NYSE MKT:
MHH) provides Information Technology Staffing services in
the disciplines which drive today's business operations
and Specialized Healthcare Staffing services to hospitals and other
healthcare facilities. More information about Mastech can be
found at Mastech's website: www.mastech.com.
Forward-Looking Statements:
Certain statements contained in this release are forward-looking
statements based on management's expectations, estimates,
projections and assumptions. Words such as "expects,"
"anticipates," "plans," "believes," "scheduled," "estimates" and
variations of these words and similar expressions are intended to
identify forward-looking statements, which include but are not
limited to projections of revenues, earnings, and cash
flow. These statements are based on information currently
available to the Company and it assumes no obligation to update the
forward-looking statements as circumstances change. These
statements are not guarantees of future performance and involve
certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results and trends may differ materially
from what is forecast in forward-looking statements due to a
variety of factors, including, without limitation, the level of
market demand for its services, the highly competitive market for
the types of services offered by the company, the impact of
competitive factors on profit margins, market conditions that could
cause the Company's customers to reduce their spending for its
services, and the company's ability to create, acquire and build
new lines of business, to attract and retain qualified personnel,
reduce costs and conserve cash, and other risks that are described
in more detail in the company's filings with the Securities and
Exchange Commission including its Form 10-K for the year ended
December 31, 2011.
SOURCE Mastech Holdings, Inc.