Tuesday, November 18, 2008 5:57:16 AM
Dividend Search Results for ANVH & Press release
http://www.otcbb.com/asp/dividend.asp?sym_id=ANVH&dDate=12/31/2008&sDateType=Record_date
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FROM PINKSHEETS.COM AS WELL
Dividends
Div: 0.001; quarterly
Ex-Date: Dec 29, 2008
Pay Date: Mar 31, 2009
Record Date: Dec 31, 2008
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Anviron Board Authorizes Dividend Distribution and Expansion of Stock Buyback Program
IRVING, Texas, Nov 14, 2008 (BUSINESS WIRE) -- The Anviron Holding Company (Pinksheets:ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, announced today the declaration of our first quarterly distribution for Anviron and the expansion of our stock buyback program. The quarterly dividend on the Corporation's common stock will be $0.001 per share/per quarter. The first dividend will be payable March 31, 2009 to shareholders of record on December 31, 2008. In addition, the Board has authorized to increase the stock buyback program from $50,000 to $75,000. To date the Company has completed $25,000 of this authorized stock buyback program.
"Over the last several weeks, the World economy and the associated financial markets have continued to suffer and decline -- at rates and to levels that could not be anticipated," said Marcie Corbin, Anviron CFO. "As these issues worsened during the last few weeks, it became clear to us that we needed to make quick and decisive adjustments to our overall strategy," said Corbin. "Our near-term strategy focuses on immediate actions that are designed to increase liquidity and improve profitability."
Anviron will implement a strategy to increase liquidity and improve profitability by undertaking the following steps:
1. Begin a Quarterly Distribution program that will build loyalty and stability in our common stock.
2. Reduce capital expenditures significantly through 2009.
3. Reduce balances outstanding under letters of credit.
4. Sell certain nonstrategic assets. The Corporation has executed agreements to sell certain nonstrategic assets and is completing agreements on others that together will generate approximately $1.5 million in proceeds. These transactions are expected to be completed before year-end.
These actions are designed to create additional liquidity of $3.5-5 million by year-end 2009, which is anticipated to allow Anviron to exit 2009 with more than $5 million available under its credit facility, assuming no access to the capital markets. "Even though we have experienced significant growth during this past fiscal year, we are proceeding forward cautious to maintain our strong underlying long-term business fundamentals, great assets and excellent customer relationships," said Marcie Corbin, Anviron CFO. "Although long-term contracts and volumes remain stable moving into our key operating season, we believe these actions will prepare us for any unforeseen down turn caused by the declining World economy," said Corbin.
Anviron will discuss its future business strategy and action plan in more detail on its first earnings conference call that will be scheduled to take place in the first two weeks of December 2008. Investors are advised to monitor the Company's website for further information as to the specific date and time of this online meeting. After the conference call, a replay will be accessible on the Company's website.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com.
This press release contains forward-looking statements regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
SOURCE: The Anviron Holding Company
CONTACT:
The Anviron Holding Company Shareholder relation contact: Ms. Polly Anderson, 800-619-9890
Copyright Business Wire 2008
http://www.otcbb.com/asp/dividend.asp?sym_id=ANVH&dDate=12/31/2008&sDateType=Record_date
----------------------------------------------------------------
FROM PINKSHEETS.COM AS WELL
Dividends
Div: 0.001; quarterly
Ex-Date: Dec 29, 2008
Pay Date: Mar 31, 2009
Record Date: Dec 31, 2008
----------------------------------------------------------------
Anviron Board Authorizes Dividend Distribution and Expansion of Stock Buyback Program
IRVING, Texas, Nov 14, 2008 (BUSINESS WIRE) -- The Anviron Holding Company (Pinksheets:ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, announced today the declaration of our first quarterly distribution for Anviron and the expansion of our stock buyback program. The quarterly dividend on the Corporation's common stock will be $0.001 per share/per quarter. The first dividend will be payable March 31, 2009 to shareholders of record on December 31, 2008. In addition, the Board has authorized to increase the stock buyback program from $50,000 to $75,000. To date the Company has completed $25,000 of this authorized stock buyback program.
"Over the last several weeks, the World economy and the associated financial markets have continued to suffer and decline -- at rates and to levels that could not be anticipated," said Marcie Corbin, Anviron CFO. "As these issues worsened during the last few weeks, it became clear to us that we needed to make quick and decisive adjustments to our overall strategy," said Corbin. "Our near-term strategy focuses on immediate actions that are designed to increase liquidity and improve profitability."
Anviron will implement a strategy to increase liquidity and improve profitability by undertaking the following steps:
1. Begin a Quarterly Distribution program that will build loyalty and stability in our common stock.
2. Reduce capital expenditures significantly through 2009.
3. Reduce balances outstanding under letters of credit.
4. Sell certain nonstrategic assets. The Corporation has executed agreements to sell certain nonstrategic assets and is completing agreements on others that together will generate approximately $1.5 million in proceeds. These transactions are expected to be completed before year-end.
These actions are designed to create additional liquidity of $3.5-5 million by year-end 2009, which is anticipated to allow Anviron to exit 2009 with more than $5 million available under its credit facility, assuming no access to the capital markets. "Even though we have experienced significant growth during this past fiscal year, we are proceeding forward cautious to maintain our strong underlying long-term business fundamentals, great assets and excellent customer relationships," said Marcie Corbin, Anviron CFO. "Although long-term contracts and volumes remain stable moving into our key operating season, we believe these actions will prepare us for any unforeseen down turn caused by the declining World economy," said Corbin.
Anviron will discuss its future business strategy and action plan in more detail on its first earnings conference call that will be scheduled to take place in the first two weeks of December 2008. Investors are advised to monitor the Company's website for further information as to the specific date and time of this online meeting. After the conference call, a replay will be accessible on the Company's website.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com.
This press release contains forward-looking statements regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
SOURCE: The Anviron Holding Company
CONTACT:
The Anviron Holding Company Shareholder relation contact: Ms. Polly Anderson, 800-619-9890
Copyright Business Wire 2008
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