U.S. Home Systems Declares Quarterly Cash Dividend
Initial Dividend to be Issued to Shareholders on July 11, 2011
DALLAS, June 8, 2011 /PRNewswire/ -- U.S. Home Systems, Inc. (NasdaqNGM: USHS) today reported that on June 7, 2011 its Board of Directors approved a quarterly cash dividend, reflecting the Company's long term value and its commitment to promoting long-term investment in its common stock.
The initial dividend of $0.015 per share of common stock will be payable July 11, 2011 to stockholders of record at the close of business on June 20, 2011. This is the first cash dividend paid to stockholders in the Company's history.
"The Board's decision to initiate and declare a quarterly dividend is a result of the Company's strong financial condition and the Board's confidence in the Company's future performance," stated Murray Gross, Chairman and CEO. "The payment of dividends will provide us with an additional means of creating value for our stockholders as we continue to pursue growth opportunities."
USHS is engaged in the specialty products home improvement business. The Company's principal product lines include kitchen cabinet refacing products, bathroom remodeling products, storage organization systems for closets and garages and related accessories.
About U.S. Home Systems, Inc.
U.S. Home Systems, Inc. (www.ushomesystems.com) manufactures or procures, designs, sells and installs custom quality specialty home improvement products. The Company's product lines include kitchen cabinet refacing products utilized in kitchen remodeling, bathroom tub liners and wall surround products utilized in bathroom remodeling, and storage organization systems for closets and garages. The Company manufactures its own cabinet refacing products and bathroom cabinetry.
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the Company's business strategy, plans and objective and statements of non-historical information. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contacts: |
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Murray H. Gross |
Brett Maas |
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Chairman & CEO |
Hayden IR |
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Email: [email protected] |
Email: [email protected] |
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(214) 488-6300 |
(646) 536-7331 |
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SOURCE U.S. Home Systems, Inc.
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