Manasota Group Inc. (fka HZNB)

[db7]

Manasota Group, Inc. (f/k/a Horizon Bancorporation, Inc.) Announces Dividend

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PR Newswire
Manasota Group, Inc.
39 minutes ago

BRADENTON, Fla., Oct. 9, 2015 /PRNewswire/ -- Manasota Group, Inc. (f/k/a Horizon Bancorporation, Inc.) (OTC pink sheets: HZNB) is pleased to announce that the Board of Directors has declared on October 7, 2015 a special dividend of $0.27 (twenty-seven cents) per share, payable to shareholders of record as of October 2, 2015, to be paid on November 2, 2015.

The dividend will be paid from proceeds of the sale by the Company of its sole asset, an office building, which occurred on September 29, 2015. The Company will use the bulk of the remainder of the proceeds to pay off all outstanding liabilities, leaving approximately $20,000 as a contingency operating fund. Any future activities involving the Company will be considered by the Board of Directors in the near future.

The Company served as the holding company for Horizon Bank, which operated out of four locations in Manatee and Hillsborough Counties, Florida. It was taken over by the FDIC in September of 2010.

Safe Harbor: This news release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Among these risks are regional and national economic conditions, competitive factors and legislative changes. The Company assumes no obligation to up-date forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such forward-looking statements.

CONTACT:

Charles Conoley
President and Chief Executive Officer
Manasota Group, Inc.
[phone]
[e-mail]