Alternate Marketing Networks Reports on Shareholder Dividend and New Internal Initiatives
April 30 2007 - 5:18PM
PR Newswire (US)
HUDSONVILLE, Mich., April 30 /PRNewswire-FirstCall/ -- Alternate
Marketing Networks, Inc. (Pink Sheets: ALTM) held a board meeting
in preparation of its annual meeting on June 6, 2007 and to review
several strategic uses of its working capital. While the Company
decided not to invest in an acquisition, it did decide to invest in
several internal initiatives including its interactive and
promotional media strategy. The Company believes these investments
are needed to continue to be relevant to its advertisers and
national market networks and improve future earnings potential. In
addition, the board of directors passed a resolution to authorize a
cash dividend of ten cents per share on the Company's common stock.
The dividend is payable on June 20, 2007 to shareholders of record
as of June 6, 2007. The Company's management also decided not to
participate in Pink Sheets new higher market tier offering(s) at
this time. Management believes its time and the Company's financial
resources could be better utilized in its internal initiatives
and/or for a dividend to shareholders in 2007. The Company's sole
operating subsidiary, National Home Delivery, Inc., through its
three divisions U.S. Suburban Press (USSPI), Custom Media Solutions
(CMS) and Specialty Media Solutions (SMS), provides newspaper,
online and promotional solutions to national advertisers in the
United States. DATASOURCE: Alternate Marketing Networks Inc.
CONTACT: Phil Miller, Chairman and CEO of Alternate Marketing
Networks, Inc., +1-616-662-6420, Ext. 12, Web site:
http://www.altmarknet.com/
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