Published: May 28, 2009
LIGATT Security International Offers Dividends to Shareholders
LIGATT Security International Distributes Dividends Amongst Shareholders During 4th Quarter 2009
LIGATT Security International (PINKSHEETS: LGTT) CEO Gregory Evans announced today that the company will be one of the
first Over-The-Counter (OTC) companies to offer dividends to shareholders.
In order to maximize shareholder value and focus on its core business
strategy, LIGATT Security International will begin offering dividends to
shareholders planned for 4th quarter 2009.This strategy comes at a time of
the fastest reduction in U.S. dividends since 1955. With this tactic,
LIGATT shareholders will not only get paid for each share that they own,
but they will also get to retain their stock, therefore receiving a portion
of the company's earnings.
The company feels these modest returns to shareholders, over time, should
develop LIGATT Security International into a must have for investor
portfolios. "This stock dividend is intended to lay the groundwork for the
growth of LIGATT Security International," said CEO Gregory Evans. "It is
part of our ongoing efforts to promote capital investment, broaden
ownership and enhance shareholder value. This action is enabled by the
Company's continued success in cyber security and is consistent with the
Board's commitment to take actions designed to create a wider distribution
of the LIGATTs stock."
In order to solidify these endeavors, our newest board member Dami Kabiawu
will serve as the company's Chief Financial Officer and Treasurer beginning
June 1, 2009. One of Kabiawu's first obligations is to acquire an outside
accounting firm for consulting purposes in order to assist with financial
statements and dividends.
For more information regarding our future shareholder dividend
opportunities visit www.youtube.com/no1hacker to view CEO Gregory Evan's
most recent video blog to be released this morning at 9:30. For more
information about LIGATT Security International visit
www.ligattsecurity.com
Safe Harbor Act: This release includes forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involves risks and uncertainties including, but not
limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of technology,
equipment, or human resources, the effect of economic business conditions,
and the ability to attract and retain skilled personnel. The Company is not
obligated to revise or update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of this
release.
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