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Distribution Management Services, Inc. Announces Sale of Some Assets and Declaration of Special Dividend

NORTH MIAMI, Fla., Oct 19, 2007 (BUSINESS WIRE) -- Distribution Management Services, Inc. (Pink Sheets: DMGS) today announced that it disclosed the definitive terms of a lucrative real estate transaction to the U.S. Securities and Exchange Commission on October 1, 2007. Distribution has entered into an agreement to sell a portion of its real estate portfolio. The sale comprises 174 improved lots in Poinciana, Polk County, Florida to a designated purchaser, in exchange for the payment to Distribution of $8,700,000.
On October 17, 2007, Distribution's Board of Directors has determined that following the closing of the real estate transaction, Distribution will declare a special dividend of $0.10 (ten cents) per share to stockholders of record at the date of closing. Said special dividend shall be paid on January 4, 2008.

The terms of the transaction that was fully disclosed to the SEC permits the purchaser to perform certain due-diligence as to the property with the closing anticipated to occur on November 20, 2007. The purchaser has deposited $50,000 in an escrow with an additional $50,000 to be deposited upon conclusion of due-diligence examination by purchaser.

For further information regarding the sale or dividend, call Leo Greenfield, President, Distribution Management Services, Inc., by telephone to (305) 893-9270, by fax to (305) 893-6696, and by mail to 11601 Biscayne Boulevard, Miami, Florida, 33181.

This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially.

SOURCE: Distribution Management Services, Inc.


CONTACT: Princeton Research, Inc.
Mike King, 702-650-3000

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