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SSNT revised dividend upwards to $0.06 from $0.057
The FINRA Daily List this morning shows that SSNT has revised the dividend that's due to be paid on 1/20/16, raising it to $0.06 from $0.057.
Perhaps that's why the company has yet to issue a PR about it.
Here's a screen grab from the FINRA site:
FWIW, Silversun paying a $0.057 dividend
Just noticed on FINRA's Daily List for today that SSNT is going to pay a $0.057 (2.07%) special cash dividend.
The record date is 1/15/16 and the payment date is 1/20/16.
It's not a big dividend, but could indicate that SSNT had a good 2015.
The PR about this has not been issued yet, but here's a screen grab from the FINRA Daily List:
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SilverSun Technologies, Inc.
5 Regent Street Suite 520
Livingstong, New Jersey 07078
Phone: 973.758.6108
Email: meller@silversuntech.com
SilverSun Technologies, via wholly-owned subsidiary SWK Technologies, is a premier total solutions provider specializing in business software for manufacturers and distributors. Established in 1988, the company focuses on meeting the needs of small-sized and mid-sized businesses ("SMB" marketplace) with accounting and business management products, including SilverSun's own proprietary software. The company also offers its own cloud-based solutions and provides network services (network configuration, data backup, 24/7 remote monitoring, etc.) to its clients.
SilverSun distinguishes itself from traditional software resellers by offering a wide range of value-added services, consisting primarily of programming, training, technical support, and other consulting and professional services. The company also provides software customization, data migration, business consulting, and implementation assistance for complex design environments. Currently, the company has over 1,000 active customers.
In addition to driving organic growth, SilverSun's aggressive growth strategy includes acquiring firms in the extensive and expanding SMB marketplace to create substantial value for its shareholders, employees, and partners. SilverSun aims to leverage SWK Technologies as a platform to roll up and aggregate the best and brightest ERP resellers, as well as other software companies with proprietary products that serve the SMB marketplace. The company's most recent acquisition was in January 2012.
In 2011, SilverSun increased sales 40% over the previous year and strengthened its balance sheet through the elimination of all outstanding debt. With organic sales accelerating, significant debt reduction, and great depth of expertise and resources, SilverSun is well positioned to become a dominant player in the growing business software marketplace.
Brief History
SilverSun Technologies Inc, formerly Trey Resources, Inc., is a business consultant for small and medium sized businesses and resellers and developers of financial accounting software. It also publishes its own electronic data interchange (EDI) software. It specializes in software integration and deployment, programming, and training and technical support. The Company's three product categories include Financial Accounting Software, Electronic Data Interchange (EDI) Software and Warehouse Management In January 2012, the Company acquired the Sage software customer accounts of IncorTech. In January 2012, the Company acquired remaining 20% of SWK Technologies. In February 2013, the Company's SWK Technologies, Inc. acquired Sage business partner accounts of Point Solutions, LLC. In February 2013, its wholly owned subsidiary, SWK Technologies Inc., completed the acquisition of the Sage business partner accounts of Colleyville, Texas-based SGEN, LLC (d/b/a Software Generation).
Further Due Dilligence:
10-page Investor Summary
News Releases
SEC Filings
www.SilverSunTech.com
www.SWKTech.com
www.HighTowerInc.com
Facebook: https://www.facebook.com/SWKTech
Twitter: https://twitter.com/SWKTECH
Linkedin: http://www.linkedin.com/company/swk-technologies-inc.
BeerRun Brewery Management Product: http://www.beerrunsoftware.com/
| Market Value1 | $11,179,313 | a/o Dec 20, 2013 |
| Shares Outstanding | 117,676,976 | a/o Nov 04, 2013 |
| Float | 4,443,174 | a/o Feb 01, 2012 |
| Authorized Shares | 750,000,000 | a/o Feb 01, 2012 |
| Market Value | $8,166,246 | a/o Mar 23, 2012 |
| Shares Outstanding | 116,328,291 | a/o Feb 01, 2012 |
| Float | 4,443,174 | a/o Feb 01, 2012 |
| Authorized Shares | 750,000,000 | a/o Feb 01, 2012 |
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Capital Change=shs decreased by 1 for 1811 split. Pay date=07/11/2011.
Formerly=Trey Resources, Inc. until 7-2011
Mark Meller - Chairman and Chief Executive Officer
Mark has been the President and Chief Financial Officer of SilverSun since 2003, and was further appointed Chief Executive Officer in September 2004. He became Chairman of the Board in May 2009. He has been actively engaged in the acquisition and build-out mid-market companies for over 20 years, and has served on the Board of Directors of three public companies. Furthermore, Mark was, from 1988 to 2003, Chief Executive Officer of Bristol Townsend and Co., Inc., a New Jersey based consulting firm providing merger and acquisition advisory services to middle market companies. Mark is a member of the New York State Bar. He graduated from SUNY-Binghamton with a BA in Economics/Political Science, and received his J.D. from the Boston University School of law.
Jeffrey D. Roth - Chief Executive Officer - SWK Technologies, Inc.
Jeffrey Roth has been SWK Technologies' Chief Executive Officer since June 2004. Since 1999, he was director of business affairs and interim CFO (consultant) at National Artists Management Company, Inc., a Broadway production organization (producers of Chicago and Annie Get your Gun). From 1991-1999 he was principal and chief operating officer at The Lilli Group, Inc., a $40M manufacturer and distributor of knitted apparel products for Gap, Old Navy, J Crew, Eddie Bauer, The Limited etc. Mr. Roth is a Certified Public Accountant, having graduated from the George Washington University with a BS in Accounting.
Stanley Wunderlich - Director
Mr. Wunderlich is the founding partner of CFSG1, a leading consulting firm that specializes in investor and media relations, corporate development, and the formation of capital for early-growth stage companies. Stan has nearly 40 years of experience in Wall Street activities. A specialist in corporate development and the formation of triangular reverse mergers, he has participated in numerous initial public offerings, private placements of equities and institutional private equity offerings. Mr. Wunderlich helped launch two previous investment banking firms, the Renaissance Group and Krieger, Wunderlich, Fialkov, Scheinman & Company. He has also served as Managing Director of J.T. Moran & Co., as a Registered Principal at Dunhill Equities, and as Managing Director at Robert Todd Financial. He is noted for the close relationships he has forged with key brokers/dealers, venture capitalists, institutional investors, research analysts, media personnel and other global private equity source. Listed in Who's Who in Executive Management, Mr. Wunderlich is a former member of LIFT (Long Island Forum for Technology) and a former member of the American Stock Exchange Arbitration Panel. He holds a B.A., L.L.B. and most major credits toward his M.B.A. in Executive Management. A proud former member of the United States Marine Corps, he is a two-time "Ironman" World Championship finisher.
| Auditor/Accountant: Friedman LLP 100 Eagle Rock Avenue Suite 200 East Hanover, NJ, 07936 United States | Legal Counsel: Lucosky Brookman LLP 33 Wood Avenue South Woodbridge, NJ, 08830 United States | Investor Relations Firm: Hanover Elite 222 S. Magnolia Ave Sanford, FL, 32771-3122 United States |
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