MLDS joins the ranks:
Million Dollar Saloon Announces Fifteenth Consecutive Cash Dividend
DALLAS--(BUSINESS WIRE)--Sept. 24, 1999--The Board of Directors of Million Dollar Saloon, Inc., (OTC BB: MLDS) declared a cash dividend of $0.01 per share for the third quarter of 1999. The dividend is payable on Oct. 15, 1999 to shareholders of record as of Oct. 5, 1999.
The Company is also pleased to announce the addition of Robert B. Barton to its Board of Directors, effective Sept. 15, 1999. Mr. Barton is currently a Financial Consultant in the corporate headquarters of Southwest Securities, Inc. in Dallas. He has been with Southwest Securities, a member of the New York Stock Exchange, since 1995. Along with providing investment and retirement plan advice to the firm's corporate and individual clients, Mr. Barton is involved in the firm's corporate finance and related activities. Mr. Barton holds multiple securities licenses and was previously with Smith Barney since 1988. Mr. Barton received his Bachelor of Science Degree in Economics from the University of North Texas in 1987. He is also an active member in the Sterling Society, a local charity for raising funds for the benefit of underprivileged children. Mr. Barton's knowledge of the securities industry, together with his experience in analyzing the financial and operational aspects of mergers, acquisitions and divestitures, should provide the Company's Board of Directors and management with critical financial insight.
Million Dollar Saloon, Inc., is a Dallas-based company which owns and operates the Million Dollar Saloon, which is recognized as one of the premier gentlemen's clubs in the United States. The company seeks expansion through the acquisition of other clubs as well as the acquisition or development of other entertainment and recreational properties.
Certain statements in this news release regarding future expectations and plans for expansion and the payment of dividends may be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as the inherent uncertainties in business expansion and financial management, which are discussed in detail in the Company's Securities and Exchange Commission filings. Actual results may vary materially.
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Contact:
Million Dollar Saloon, Inc., Dallas
Dewanna Ross, 214/691-6757 |
