Eyelogic suspends quarterly dividend
November 18 2010 - 4:04PM
PR Newswire (Canada)
CALGARY, Nov. 18 /CNW/ -- Trading Symbol: EYE.A (TSX-V) CALGARY,
Nov. 18 /CNW/ - The Board of Directors of Eyelogic Systems Inc.
today announced the suspension of its quarterly dividends. "Given
Eyelogic's current loss of profitability, a loss of our line of
credit, and uncertain near term growth, the Board made a prudent
decision to halt that quarterly dividend effective immediately,"
explained Rick Skauge, CEO of Eyelogic. "The Board will revisit the
dividend policy when a more predictable profit picture develops."
Eyelogic Systems Inc. is the market leader in automated sight
testing systems. The Eyelogic System, developed by Calgary
ophthalmologist Dr. Alan Dyer, is a highly accurate and efficient
method to determine a person's eyewear needs. The technology has
been in use for over 14 years in several Provinces throughout
Canada and around the world. "The TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this
release." contact Rick Skauge, at (403) 261-7501, e-mail
rick@eyelogic.com or visit the website www.eyelogic.com
Copyright