Palomar Enterprises Begins Paying Dividends
Feb 15, 2007 9:35:00 AM
CARLSBAD, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Palomar Enterprises (OTC Bulletin Board: PLMA), announces the Date of Record for shareholders to receive a dividend, is set for March 8th, 2007. All Palomar shareholders of record will be entitled to receive a dividend of free trading stock in The Company's subsidiary, "The BlackHawk Fund." Palomar Enterprises will distribute 10 Million shares on a pro-rata basis to its shareholders. This is the first of several planned dividends that Palomar expects to distribute on a quarterly basis to its shareholders, subject to Board approval.
The dividend will be paid out automatically on March 28th, 2007 to all shareholders who own Palomar Enterprises as of the Record Date. The Company believes that dividend paying companies generally outperform other publicly traded companies and plans to build long-term value for its shareholders through this process.
ABOUT THE BLACKHAWK FUND
The BlackHawk Fund operates as a business development company, by developing and acquiring highly profitable businesses. The Company's Media Division recently announced the Agreement with Maximum Impact Television Group www.maximpacttv.com , for the rights to 10 Network Quality cable television shows.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward- looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
www.palomarenterprises.com
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SOURCE Palomar Enterprises
