BRSI Declares 2004 Dividend
October 28 2004 - 6:00PM
PR Newswire (US)
BRSI Declares 2004 Dividend ST. PAUL, Minn., Oct. 28
/PRNewswire-FirstCall/ -- The Board of Directors of Ballistic
Recovery Systems, Inc. (OTC:BRSI) (BULLETIN BOARD: BRSI) (
http://www.brsparachutes.com/ )declared a dividend of $0.08 per
share, payable November 22, 2004 to all common shareholders of
record on November 8th, 2004. BRS Interim Chief Executive Officer
and Chairman of the Board Robert L. Nelson said today, "This
dividend represents continuing company growth in a highly
competitive industry. We're pleased to be able to share our growing
economic success with our stockholders for the fourth year in a
row." In December, 2003 the BRS Board declared a dividend of $0.05
per share. And in December, 2002 BRS paid a $0.02 dividend to all
common shareholders. BRS is credited for saving the lives of 176
people from around the world. Only a select few have believed so
much in this aviation safety company, that they actually purchased
BRS stock before experiencing a real life deployment. Bill and
Barbara Graham of San Diego, California made that bit of BRS
history last month. "I believed in this product, I knew it worked,
so I bought some BRS stock more than two years ago," stated pilot
and certified Cirrus flight Instructor Bill Graham. Graham, a BRS
Investor deployed his on board emergency parachute system, while
flying his Cirrus Design SR22, on September 19th. He landed safely
in a walnut orchard near Stockton, California. "We're delighted
that someone who recognizes our advances in technology and invests
in our company, experiences such positive results," added Nelson,
BRS Chairman of the Board. "We want to continue to do our part to
make aviation safer for everyone who wants to fly." BRS (Ballistic
Recovery Systems) is a South St. Paul, Minnesota based company that
designs, manufactures and distributes whole aircraft emergency
parachute systems for use on general aviation and recreational
aircraft. Since the early 1980's, BRS has delivered over 19,000
parachute systems to aircraft owners around the world including
over 1500 systems on the certified aircraft like the Cirrus Design
aircraft manufactured in Duluth, Minnesota. Actual documented uses
of these systems are credited with saving the lives of 176 people.
Last July, the FAA certified BRS parachute system for installation
on Cessna 182 models of aircraft. And, in September, BRS was
recognized as one of the fastest growing technology companies in
Minnesota. The matters discussed here may be considered
forward-looking statements which may be subject to risks and
uncertainties, including market fluctuations, pricing, procurement,
manufacturing efficiencies, and other risks, that could cause the
actual results to differ materially from those projected. For more
information, review the company's filings with the Securities and
Exchange Commission, particularly the Company's annual report on
Form 10-KSB. DATASOURCE: Ballistic Recovery Systems, Inc. CONTACT:
Robert L. Nelson, BRS, Inc., +1-651-457-7491, or fax,
+1-651-457-8651, ; Robb Leer, BRS Media Liaison, +1-612-701-0608,
Web Site: http://www.brsparachutes.com/
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