LARGO, Fla., Aug. 1 /PRNewswire-FirstCall/ -- The Unilens Vision Inc. Board of Directors today declared a cash dividend of US $0.25 per common share, payable August 28, 2006 to stockholders of record at the close of business on August 14, 2006.
The Company also stated its plan to begin paying a regular quarterly dividend. It is anticipated that the first quarterly dividend will be US $0.075 per common share, payable in November 2006. The amount of future dividends will depend on earnings, cash flow, and all other aspects of our business as determined by the board of directors.
“The special dividend and the initiation of quarterly dividends are based on our strong balance sheet and projected significant operating cash flows,” stated A.W. Vitale, Chairman and Chief Executive Officer of Unilens Vision Inc. “We are pleased to be in a position to return profits back to our dedicated shareholders while continuing to execute our growth strategy.”
About Unilens Vision Inc. -- “The Eye Care Professionals Specialty Contact Lens Company”
Established in 1989, Unilens Vision Inc., through its wholly owned subsidiary Unilens Corp., USA, located in Largo, Florida, develops, licenses, manufactures, distributes and markets specialty contact lenses under the C-Vue, Unilens, Sof-Form, Aquaflex, SoftCon, Lombart, and LifeStyle brands. Additional information on the Company may be accessed on the Internet at http://www.unilens.com . The Company’s common stock is listed on the OTC Bulletin Board under the symbol “UVICF” as well as the Canadian TSX Venture Exchange under the symbol “UVI”.
(Note: All financial information in this release is stated in U.S. Dollars.)
The information contained in this news release, other than historical information, consists of forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from those described in such statements. For a discussion of certain factors that could cause actual results to differ materially from those described in the forward- looking statements, please refer to the Company’s most recent filings with the SEC and the TSX Venture Exchange. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Michael Pecora, CFO, Unilens Vision Inc. at (727) 544-2531
Unilens Vision Inc.
CONTACT: Michael Pecora, CFO, Unilens Vision Inc., +1-727-544-2531
Web site: http://www.unilens.com/
