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 Special Cash Dividend to Be Paid January 3, 2007
| Source: Epolin, Inc.
NEWARK, NJ -- (MARKET WIRE) -- December 5, 2006 -- EPOLIN, INC. (OTCBB : EPLN ) (www.epolin.com)
today announced that its Board of Directors has declared a special cash
dividend of $0.02 per share to be payable on January 3, 2007 to
shareholders of record at the close of business on December 18, 2006.
Murray S. Cohen, Ph.D., Chairman of the Board, stated, "We are pleased to
announce the payment of this special dividend which is in addition to the
regular annual dividend we intend to pay to shareholders pursuant to the
dividend policy our Board of Directors adopted earlier this year. Under
that policy, as we previously announced, we intend to issue a regular
annual dividend, the amount of which, record and payment date will be
subject to approval every year by the Board. Such first regular dividend
under that policy was paid on May 1, 2006. When we adopted the policy, we
indicated that subject to future analyses of our cash resources and
projected cash needs, the Board may issue a special cash dividend from time
to time as well. The dividend we are announcing today is the first such
special cash dividend since we adopted the dividend policy."
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.