Roanoke Technology Corp. is Working on a Plan to Pay a Cash Dividend to Its Shareholders
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High-Tech Writers / Business Editors ROANOKE RAPIDS, N.C.--(BUSINESS WIRE)--RNKE-- Roanoke Technology Corp. (OTCBB:RNKE) announced that the Board of Directors is considering the payment of a special dividend to shareholders after the proceeds from the $12 million bond are received. Inputs from the company's legal counsel, certifying CPA and other consultants are being sought to formulate an attractive plan, which will reward loyal shareholders in the near future. Roanoke Tech C.E.O., Mr.. David Smith commented: "It is my view that this dividend payment plan is a move in the right direction for the company as it has achieved profitability which will be definitely enhanced when the funds from the bond sale are realized." Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. KEYWORD: NORTH CAROLINA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE NETWORKING HARDWARE COMPUTERS/ELECTRONICS DIVIDEND SOURCE: Roanoke Technology Corp. CONTACT INFORMATION: Roanoke Technology Corp., Rocky Mount, N.C. Russell Jones, 252-428-0200