Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (117004)	7/23/2003 9:21:01 AM
From: Taki	Respond to of 150070

SHRN .085.Dividend news.(COMTEX)B: Shelron Group Board of Directors Unanimously Approve Company's First Ever Dividend Board of Directors of Business In B: Shelron Group Board of Directors Unanimously Approve Company's First Ever Div dend Board of Directors of Business Intelligence Technology Innovator Takes Init al Steps to Increase Shareholder Value NEW YORK, Jul 23, 2003 (BUSINESS WIRE) -- Shelron Group (OTCBB:SHRN), an innovative provider and developer of business intelligence software, today announced that an eight-percent (8%) stock dividend will be payable on or before August 21, 2003 to shareholders of record as of August 7, 2003. The Company will pay for all costs incurred in connection with the stock dividend. As of the close of trading on August 7, 2003, all shareholders of record will have earned and will receive an 8% dividend payable in common shares on their holdings of company stock. The company's transfer agent is Securities Transfer Corp., P. O. Box 701629, Dallas, TX 75370. All shareholders keeping their shares in "street address" with their brokers will receive the dividend automatically. For shares kept in certificate form, the transfer agent will send the certificates to the shareholder's address of record. As of July 11, 2003, the Company had 122,936,705 shares issued and outstanding. Of these, 67,520,774 were in book-entry form at Depository Trust Co. (DTC), and 46,436,910 are restricted. Eliron Yaron, Chairman of Shelron Group., commented, "The Board of Directors for Shelron Corporation has unanimously approved the company's first ever dividend. Over the last several months our company has made great progress. Our Board of Directors has enthusiastically determined that the company enhances shareholder value to its shareholders." Separately, the Company announced that it is deferring its share buyback program until investors have had an opportunity to evaluate the effects of this announcement. The Company will issue a further announcement when it is ready to commence the buyback program. About ShelBase(TM) 2.0 According to IDC, the Business Intelligence software arena is a $6.1 billion annual market that is expected to grow to $11 billion by 2005 (DM Review). Business Intelligence systems gather, organize and transform all types of data - financial, employee, customer, supplier etc. - into easily understood displays that can help a manager or decision maker efficiently understand his business. ShelBase(TM) 2.0 provides a view of what is happening across the enterprise so the manager can stay on top of trends and changes in the marketplace and react to them quickly. The benefits of ShelBase(TM) 2.0 include: -- Rapid implementation of scalable systems that can operate almost immediately and grow to serve the entire enterprise, thereby significantly easing the entry point for any organization. -- Easy customization for each enterprise. -- Can integrate information from various platforms and databases, such as mainframes and Oracle, and works on a Windows platform. -- ShelBase(TM) solutions and results are accessible via any mobile platform or web application to the Internet, palm devices, cell phones and portable devices. About Shelron Group Inc. Shelron Group Inc. creates business intelligence (BI) software and E-business marketing solutions. Further information is available on the Company's website at www.shelron.com. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This news release contains forward-looking statements about our business or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward- looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934. SOURCE: Demonte Associates CONTACT: Demonte Associates Cynthia Demonte, 212-605-0525 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2003 Business Wire. All rights reserved. -0- KEYWORD: NEW YORK INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET DIVIDEND * end of story *