YoCream International Announces Special One-Time Dividend
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Mon, 09 Nov 2009 11:03:51 GMT |
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YoCream International, Inc. |
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PORTLAND, Ore., Nov. 9 /PRNewswire-FirstCall/ -- YOCREAM International, Inc. (Pink Sheets: YOCM) announces that the Board of Directors has declared a special one-time dividend of $2 per share payable on December 1, 2009 to shareholders of record as of the close of business on November 17, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011003/SFW058LOGO-b)
"Our initial public offering was November 17, 1987," said John Hanna, CEO. "Many of our existing stockholders made their initial investment at that time and have continued their support without receiving cash returns. The Board of Directors believes it is appropriate to recognize their long-term support and that of all our investors with this special dividend. The Board and management also believe that subsequent to this dividend the Company's cash position and capital resources are more than sufficient to fund continued operations."
YoCream International, Inc., with headquarters and a dairy and manufacturing facility in Portland, OR, is a pioneer and leading producer of frozen yogurt, desserts and beverages. Founded in 1977, YoCream produces, markets and sells its signature frozen yogurt, tart frozen yogurt, ice cream and frozen custard mixes under the YoCream brand. YoCream's frozen beverage product lines include Fruitquake(TM) Frozen Drinks and Smoothies for blender, bar drinks and lemonades or ice teas as well as Jolly Rancher(TM), Bubble Yum(TM), Twizzlers(TM), and Jarritos(TM) Frozen Beverages for frozen carbonated and uncarbonated machine dispensing. The Company also co-packs similar products for other companies. YoCream's end-user customers number in the thousands and include marquee convenience stores, quality quick service restaurants, warehouse stores, prestigious eating establishments, large grocery chains, frozen yogurt shops, colleges, military and government foodservice locations, international restaurants and neighborhood stores involving over 250 specialty and full line distributors in the supply chain.
This release may contain certain forward-looking statements, which are based on management's current expectations. Factors that could cause future results to vary materially from these expectations include, but are not limited to, change in distribution abilities, level of customer acceptance of new products, change in co-packing relationships and strategic alliances and other economic, competitive, governmental, and regulatory factors affecting the Company's operations, pricing, products and services.
SOURCE YoCream International, Inc.
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