FirsTime Design Limited Declares Special Cash Dividend
February 12 2014 - 5:29PM
Business Wire
FIRSTIME DESIGN LIMITED (FTDL) today announced its Board of
Directors has approved a $0.25 per share special cash dividend on
its common stock, payable on March 15, 2014 to shareholders of
record at the close of business on February 28, 2014, as part of
its ongoing plan to generate shareholder value.
Christopher D. Bering, FirsTime’s President and CEO, said,
“Given the $1.7 million in cash on our balance sheet at the end of
2013, combined with the projected cash needs of the business over
the next 12 months, we believe a larger than average cash
distribution maximizes shareholder value.”
Bering went on to say, “Once again, we would like to acknowledge
our shareholders who have partnered with us throughout the
restructuring process and continue to believe that our focus on
maximizing shareholder value will lead to our long term
success.”
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, License
Products, Inc., does business as FirsTime Manufactory, an industry
leading designer, marketer and distributor of timepieces and home
decor products sold through national and regional retailers.
FirsTime Design LimitedJulie Kren, 262-364-5200 x101
FirsTime Design (CE) (USOTC:FTDL)
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