Contact Information: CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044
Dynamic Materials Declares Annual Cash Dividend
| Source: Dynamic Materials Corporation
BOULDER, CO--(Marketwire - June 13, 2008) - Dynamic Materials Corporation (DMC) (NASDAQ : BOOM ), the world's leading provider of explosion-welded clad metal plates,
today announced that its board of directors has declared an annual cash
dividend of $0.15 per share. The dividend is payable on July 11, 2008, to
shareholders of record as of June 27, 2008.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are typically used
in industrial capital projects, include explosion-welded clad metal plates
and other metal fabrications for use in a variety of industries, including
oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial refrigeration and
similar industries. The Company operates three business segments:
Explosive Metalworking, which uses proprietary explosive processes to fuse
different metals and alloys; Oilfield Products, which manufactures, markets
and sells oilfield perforating equipment and explosives; and AMK Welding,
which utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet engines.
For more information, visit the Company's websites at
http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties
including, but not limited to, the following: our ability to obtain new
contracts at attractive prices; the size and timing of customer orders and
shipment; fluctuations in customer demand; changes to customer orders; the
cyclicality of our business; competitive factors; the timely completion of
contracts; the timing and size of expenditures; the timely receipt of
government approvals and permits; the adequacy of local labor supplies at
our facilities; current or future limits on manufacturing capacity at our
various operations; the availability and cost of funds; and general
economic conditions, both domestic and foreign, impacting our business and
the business of the end-market users we serve; as well as the other risks
detailed from time to time in the Company's SEC reports, including the
report on Form 10-K for the year ended December 31, 2007.