Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

YoCream International Announces Special One-Time Dividend

Posted : Mon, 09 Nov 2009 11:03:51 GMT
Author : YoCream International, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home

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.


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : YoCream International Announces Special One-Time Dividend
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Santa Talks to the World on Thursday Nov. 26 from his Private Workshop
ORLANDO, Fla., Nov. 25 /PRNewswire/ -- Santa announces that he has a gift to share with the world. Beginning Thursday, Nov. 26 at 2 a.m. EST, the first message from Santa Talks to the World will be launched online at www.SantaIsReal.com

Fleet Insurance Brokers React to Diesel Price Hike
FLINT, UNITED KINGDOM -- 11/25/09 -- As the cost of diesel soars to over Pounds Sterling 5 a gallon, leading fleet insurance specialists Staveley Head have reacted to this news by highlighting the ..

RedPrairie Files Registration Statement for Proposed Initial Public Offering
MILWAUKEE - RedPrairie Holding, Inc. today announced that it has filed

Praxis EMR Wins Top Rankings in 2009 AAFP EHR User Satisfaction Survey
CANOGA PARK, Calif., Nov. 25 /PRNewswire/ -- Praxis Electronic Medical Records received first place rankings in the American Academy of Family Physicians' (AAFP) Family Practice Management (FPM) 2009 EHR User Satisfaction Survey for improving medical quality, health ...

Magna Entertainment Corp. files fifteenth default status report
AURORA, ON, Nov. 25 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its fifteenth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant...

Air China Awarded at CITM in Kunming
BEIJING, Nov. 25 /PRNewswire-Asia/ -- Air China has won awards for "Best Organization" and "Best Booth" at the China International Travel Market (CITM), held in Kunming, China, between the 19th...

Air China Transports 10,000 Pilgrims to Mecca
BEIJING, Nov. 25 /PRNewswire-Asia/ -- Between 30th October to 18th November, Air China transported nearly 10,000 pilgrims to the holy meeting site of Mecca, Saudi Arabia. There are nearly 20 million Muslims in China

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.