For More Information Contact:
TROY Group, Inc.
940 South Coast Dr., Suite 200
Costa Mesa, CA 92626
(714) 241-4760
(714) 410-4762 Fax
www.troygroup.com
Contact: Myra Erickson
Investor
Relations
TROY Group, Inc.
Announces Special Cash Dividend
Costa Mesa, California. November 18, 2008 – TROY
Group, Inc. (OTC: TROY.PK) announced today that its
Board of Directors has declared a special cash dividend
of $1.00 per share. This special dividend will
be payable on December 15, 2008 to stockholders of
record on November 30, 2008.
Mr. Patrick J. Dirk, Chairman and CEO commented, “The
Board of Directors has determined that the Company
has adequate cash reserves and cash flow to allow it
to provide additional value to stockholders in the
form of a special dividend and at the same time continue
to invest resources into the business. The Board also
believes that this special dividend allows our stockholders
to share in the continued cost-savings from the Company’s
deregistration and the sale of the financial services
business earlier this year.”
Mr. Dirk continued, “This special dividend should
not be construed as a determination by the Board of
Directors to pay regular dividends. Any future
consideration of dividends will be based on TROY’s
operating results, financial condition, cash requirements,
future prospects and other factors.”
The special cash dividend is expected to be fully
taxable for U.S. income tax purposes. Once a
determination of tax status is determined, individual
stockholders will be notified.
About TROY Group
TROY Group, Inc. (“TROY”) is a worldwide
leader of secure on-demand printing solutions. TROY
solutions manage, secure and simplify end-to-end enterprise
printing environments. TROY offers application software,
security printing hardware and specialized consumables
for securely printing checks, money orders, transcripts,
prescriptions and other important documents. TROY solutions
are used by small and medium size businesses as well
as large enterprises and governmental organizations
to manage fraud, operational risk and comply with government
regulations related to protecting information privacy.
As a Gold Solutions Partner to Hewlett Packard, TROY
is the only company in the world authorized by HP to
enhance HP printers and consumables for use in secure
printing workflows. Only TROY MICR and Security printers
and HP compatible MICR Toner cartridges are certified
by Hewlett Packard for quality and reliability. We
sell and service our products to major corporations,
banks, key government accounts and distributors worldwide. Visit
TROY at www.troygroup.com.
Forward-looking statements of TROY (statements that
are not historical fact) in this news release are made
pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by terms such as believe,
expect, may, will, estimate, could and should, and
the negative of these terms or other similar expressions.
These statements are subject to risks and uncertainties
that could cause actual results to differ materially
from those discussed in the forward-looking statements.
These risks and uncertainties include, but, are not
limited to, the ability to develop new products, the
ability to hire and retain qualified management, technology
and other personnel, the impact of competition from
existing and new technologies and companies and the
other factors set forth in our periodic reports and
other documents that we distribute from time to time
which are available in our financial statements under
certain important factors on our website TROYgroup.com
or pinksheets.com. Statements included in this news
release are based upon information known to TROY as
of the date of this release, and TROY assumes no obligation
to update information contained in this news |
