Contact Information: For more detailed information, please contact: Murray S. Cohen, Ph.D. Chairman of the Board James Ivchenko President Greg Amato Chief Executive Officer (973) 465-9495
Epolin, Inc. Announces $0.02 Regular Annual Cash Dividend to Be Paid May 14, 2007
| Source: Epolin, Inc.
NEWARK, NJ -- (MARKET WIRE) -- April 18, 2007 -- EPOLIN, INC. (OTCBB : EPLN ) (www.epolin.com)
today announced that its Board of Directors has declared a $0.02 per share
regular annual cash dividend which shall be paid on May 14, 2007 to
shareholders of record at the close of business on April 30, 2007.
The Company reported that this dividend represents the second regular
annual cash dividend declared by the Board of Directors pursuant to the
Company's dividend policy which was announced on April 6, 2006. The first
regular annual cash dividend was paid on May 1, 2006 and was also in the
amount of $0.02 per share. Following the May 1, 2006 dividend, the Company
paid a special $0.02 per share cash dividend which was paid on January 3,
2007.
Murray S. Cohen, Ph.D., Chairman of the Board, stated, "Having already paid
a dividend in 2007, we are delighted to continue with the dividend policy
established last year by declaring this second regular annual cash
dividend."
About Epolin
Epolin, Inc. is a specialized chemical company primarily engaged in the
manufacturing, marketing, research and development of infrared dyes, laser
absorbing dyes and infrared dye formulations. The Company's business is
heavily weighted towards the development, manufacture and sale of near
infrared dyes. Applications for these dyes cover several markets that
include laser protection, welding, sunglasses, optical filters, glazing and
imaging and security inks and tagants. The Company also manufactures
specialty chemicals for certain chemical manufacturers.
Statements contained herein that are not based upon current or historical
fact are forward-looking in nature. Such forward-looking statements reflect
the Company's expectations about its future operating results, performance
and opportunities that involve substantial risks and uncertainties. When
used herein, the words "anticipate," "believe," "estimate," "plan,"
"intend" and "expect" and similar expressions, as they relate to Epolin,
Inc., or its management, are intended to identify such forward-looking
statements. These forward-looking statements are based on information
currently available to the Company and are subject to a number of risks,
uncertainties, and other factors that could cause the Company's actual
results, performance, prospects, and opportunities to differ materially
from those expressed in, or implied by, these forward-looking statements.
Factors that could cause or contribute to such differences include, but are
not limited to, such factors discussed in the Company's Annual Report on
Form 10-KSB for the fiscal year ended February 28, 2006 under the caption
"Uncertainties and Risk Factors" in Part I, Item 1 "Description of
Business." Except as required by the Federal Securities law, the Company
does not undertake any obligation to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or for any other reason.