insane dividends

[wzebra33]

Woodrose Corporation

TSX VENTURE: WRS.H
Oct 25, 2010 18:33 ET
Woodrose Corporation: Declaration of Special Dividend

CALGARY, ALBERTA--(Marketwire - Oct. 25, 2010) - WOODROSE CORPORATION (TSX VENTURE:WRS.H) (the "Corporation") announces that the board of directors has approved the payment of a one time special dividend of $0.45 per common share. The special dividend will be payable to shareholders of record as of the close of business on November 2, 2010. Distribution of the special dividend to shareholders will be on or about November 9, 2010.

Upon payment of the special dividend, the Corporation's remaining assets will consist of: (i) land and a building; (ii) general working capital, in addition to rental income from two commercial leases in the building; (iii) a hold back in the amount of $250,000 being held by an escrow agent appointed by the Corporation and Middleby Corporation ("Middleby"), which amount shall be released to the Corporation on or about July 14, 2011, provided that the representations and warranties of the Corporation specified in the Purchase and Sale Agreement with Middleby are materially accurate; and (iv) entitlements to receive royalty payments based on the gross revenues realized by Middleby from the "Perfect Pop" technology, as described in the Corporation's press release dated May 20, 2010.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Corporation. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Corporation does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.