news:
Wednesday September 24 10:13 AM EDT
Company Press Release
JAX International Inc. Sets 3rd Quarter Record and Distribution Date
EL PASO, Texas and TULSA, Okla.--(BUSINESS WIRE)--Sept. 24, 1997-- JAX International Inc. (OTC BB:JAXI)
announced Wednesday it has set Sept. 30, 1997 as the record date for its third quarter dividend.
The dividend will be distributed on or about Oct. 31, 1997.
JAX International Inc. will pay a 1.25% dividend, which equals to 5% annually to shareholders on record as of Sept. 30, 1997.
The dividend will be a stock dividend for this quarter. There will be no fractional shares issued. Fractional shares will be
rounded up to one full share for all fraction of .50 or greater. For all fractions less than .50 no share will be issued.
James T. Howard, CEO and Joseph Francella, president, have both declined the dividend. ``The dividends are intended for our
shareholders as our way of saying thanks for having faith in and sticking with JAX International Inc. for the long term.''
Shareholders should consult their own tax advisor in connection with this dividend.
Except for the historical information contained herein, this press release contains forward looking statements that involve a
number of risks and uncertainties. Actual results could differ materially from those indicated by such forward looking statements
due to a number of factors including the level of consumer spending, the strength of the retail housing market, interest rates and
the availability of financing.
Contact:
JAX International Inc.
Joseph Francella, President
918/582-1050 |
