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http://findarticles.com/p/articles/mi_m0EIN/is_2004_April_5/ai_114933466
American Multiplexer Corp. Announces Stock Dividend
Business Wire, April 5, 2004
Business Editors
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 5, 2004
American Multiplexer Corp. (OTC:AMUT) announced today that it would pay a common stock dividend to all stock holders of records as of April 23, 2004. The company will distribute one share of common stock for every two shares of common stock that are owned as of the record date of April 23, 2004. The stock dividend will be paid on May 7th, 2004.
Edward Tan, CEO of AMC said: "The company has been making great strides in executing on the key objectives in its strategic business plan. In the First Quarter, the company recently achieved its first revenue of $154,000 from the sales of its eFotoXpress software product. Furthermore the company has developed critical sales and distribution alliances while also achieving a significant reduction in monthly expenses. These combined factors will result in significant continued growth in revenue and profitability. The response from the market place for eFotoXpress has been extremely positive and we are experiencing strong demand for the product. We believe at this junction it is important to increase and diversify stockholder's participation in the Company's stock. Declaring this additional stock dividend will increase our liquidity and accordingly increase stockholder's participation."
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