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2.5 MILLION NET PROFIT, 13 CENTS EARNING PER SHARES, 20 CENTS DIVIDEND

Automodular Corporation Second Quarter 2011 Results

Ajax - August 10, 2011

Automodular Corporation ("Automodular" or "the Company") reports net earnings of $2.6 million or $0.13 per share for the three months ended June 30, 2011. For the six months ended June 30, 2011 Automodular reports net earnings of $6.1 million or $0.30 per share.

The results for the first half of the year are summarized below (all figures in '000s except per share):
Three months ended June 30 Six months ended June 30
2011 2010 2011 2010
Sales $ 18,537 $ 25,540 $ 39,297 $ 50,341
Net earnings $ 2,550 $ 3,185 $ 6,097 $ 3,007
Per share $ 0.13 $ 0.13 $ 0.30 $ 0.12
Shares outstanding 20,005 25,412 19,991 25,412



Following a review of its Dividend Policy, Automodular will be resuming the payment of regular quarterly dividends at a rate of $0.05 per share. Automodular will also pay special dividends from time to time if cash surpluses grow beyond reasonably forecast needs.

The Board of Directors has declared a total dividend of $0.20, comprised of a special dividend of $0.15 and a regular quarterly dividend of $0.05 payable September 7, 2011 to shareholders of record August 24, 2011.

Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to Ford's Oakville Assembly Plant. The Company has two operating facilities and employs approximately 500 people.

For further information, contact:

Christopher Nutt
President
Automodular Corporation
[phone]
[e-mail]


http://www.automodular.com/media.php