SilverSun Technologies Announces Cash Dividend
December 26 2018 - 10:00AM
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 $0.05 per share. The
record date will be January 7, 2019, and the payment date will be
January 14, 2019.
"As we continue to profitably 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 strategies and 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, Customer Relationship Management, and Business
Intelligence. Additionally, we have our own development staff
building software solutions for Electronic Data Interchange, time
and billing, and various ERP enhancements. Our value-added services
focus on consulting and professional services, specialized
programming, training, and technical support. We have a dedicated
network services practice that provides managed services, hosting,
business continuity, cloud, e-mail and web services. Our customers
are nationwide, with concentrations in the New York/New Jersey
metropolitan area, Chicago, Dallas, Arizona, Seattle, Greensboro,
and Southern California.
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.
Mark Meller
973-758-6108
meller@silversuntech.com
SilverSun Technologies (NASDAQ:SSNT)
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