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Politics : Moneymade's Champagne Room

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To: longnshort who wrote (4682)12/29/2009 10:19:38 AM
From: M0NEYMADE  Read Replies (2) of 4703
 
Weeeeeeeeeeeeeeee! (SYBR) HUGE CASH DIVIDEND NEWS!!!!

Synergy Receives a Special Dividend from Interline Vacations (PERX)

SYOSSET, N.Y., Dec 29, 2009 (BUSINESS WIRE) -- Synergy Brands (OTCQX: SYBR):
Synergy Brands received an unexpected special dividend from its minority stake in Interline Vacations (www.perx.com) in the amount of $622,500 or 4 cents per share. The Company's minority investment in PERX has been extremely successful and the Company believes that it will eventually benefit from a capital windfall because of its investment. PERX expects to increase its regular dividend in the coming year.

The special dividend and operating performance should allow the Company to report record results for the 4th quarter of 2009 as well as the fiscal year. The Company has already reported that it expected a strong fourth quarter without the dividend received from PERX.

PERX is the largest provider of travel packages for Airline employees in the world. It maintains offices in Texas, Canada, and England. Information can be found at www.perx.com. Information on Synergy Brands can be found at www.sybr.com.

SOURCE: Synergy Brands

CONTACT:
For Synergy Brands Beverly Jedynak Martin E. Janis & Company, Inc. 312-943-1123 bjedynak@janispr.com
Copyright Business Wire 2009
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KEYWORD: United States
North America
Michigan
New York
INDUSTRY KEYWORD: Travel
Vacation
Retail
Food/Beverage
Specialty
Supermarket
Other Retail
SUBJECT CODE: Dividend
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