TGSK News: Great White Marine & Recreation, Inc. Announces $.10
Stock Dividend to Shareholders
WACO, Texas, June 11 /PRNewswire/ -- Great White Marine and Recreation, Inc. (formerly TigerShark Enterprises, Inc.) (OTC Bulletin Board: TGSK - news) has declared its first stock dividend of $.10 per share on its common stock to shareholders of record as of June 19, 1998. The dividend is payable on July 20, 1998. For fiscal year ended December 31, 1997, the Company had a net profit of $1,707,676.13, equal to $.29 per share, and for the first quarter ended March 31,
1998, a net profit of $720,097.00, equal to $.10 per share. The Company believes that the current fiscal year and the second quarter will show increases in earnings over the prior fiscal year and
previous quarter respectively.
Great White Marine & Recreation, Inc. is an international distribution company of marine watercraft and recreational vehicles and related products through its network of dealers extending from the
southwestern United States into Central America, Mexico, and South America. Brand name products distributed by Great White include Polaris(TM) personal watercrafts and all- terrain
vehicles, Mercury(TM) outboard boat motors, Mercury QuickSilver(TM) two-cycle engine oil, and an extensive line of Fisher(TM) fiberglass and aluminum boats as well as Cruisers Yachts. Great
White's corporate headquarters are in Waco, Texas with sales, servicing and warehousing facilities in Monterrey, Mexico.
For more information: Investments 101 Ltd. at 800-749-0114 or Carlisle Communications at 800-785-9345, or e-mail at tgsk@sitra.com.
The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the ''safe harbors'' provision of The Private Securities Litigation Reform Act of 1995.
SOURCE: Great White Marine and Recreation, Inc.
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