Marchex Announces Regular Quarterly Dividend for 4.75% Convertible Exchangeable Preferred Stock
April 21 2006 - 1:30PM
Business Wire
Marchex, Inc. (NASDAQ:MCHX) (NASDAQ:MCHXP) today announced that the
company's Board of Directors has declared a regular quarterly
dividend in the amount of $2.97 per share on its 4.75% convertible
exchangeable preferred stock in accordance with the terms thereof,
which will be paid on May 15, 2006 to the holders of record as of
the close of business on May 4, 2006. Marchex originally issued
230,000 shares of preferred stock in February 2005 and dividends
with respect thereto are payable quarterly on the 15th day of
February, May, August and November of each year that such preferred
stock remains outstanding. As of April 20, 2006, approximately
142,137 shares of preferred stock remain outstanding. About
Marchex, Inc. Marchex's (www.marchex.com) mission is to be a leader
in delivering vertical and local online traffic to merchants. The
company is focused on search marketing, local search, and direct
navigation. Marchex's platform of integrated performance-based
advertising and search marketing services enables merchants to
efficiently market and sell their products and services across
multiple online distribution channels, including search engines,
product shopping engines, directories and selected Web properties.
Safe Harbor Statement This press release contains forward-looking
statements that involve substantial risks and uncertainties. All
statements, other than statements of historical facts, included in
this press release regarding our strategy, future operations,
future financial position, future revenues, projected costs,
prospects, plans and objectives of management are forward-looking
statements. We may not actually achieve the plans, intentions or
expectations disclosed in our forward-looking statements and you
should not place undue reliance on our forward-looking statements.
Actual results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements we make. There are a number of important factors that
could cause Marchex's actual results to differ materially from
those indicated by such forward-looking statements which are
described in the "Risk Factors" section of our most recent periodic
report and registration statement filed with the SEC. We disclaim
any intention or obligation to update any forward-looking
statements.
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