American Technical Ceramics Corp. Declares 2-For-1 Stock Split.Business Editors HUNTINGTON STATION Huntington Station, uninc. town (1990 pop. 28,247), Suffolk co., SE N.Y., on the north shore of Long Island. The town has a diverse manufacturing base and is located near a popular vacation and fishing area on Long Island's north shore. , N.Y.--(BUSINESS WRIE)--April 11, 2000 American Technical Ceramics Corp. (AMEX AMEX See: American Stock Exchange : AMK AMK Ammattikorkeakoulu AMK Ang Mo Kio AMK Angkor Mikroheranhvatho Kampuchea (Cambodia microfinance) AMK Angkatan Muda Keadilan (Malaysia) ) announced today that its Board of Directors has declared a 2-for-1 split of its common stock to be effected in the form of 100 percent stock dividend. Stockholders of record on April 24, 2000 will receive one additional share for each share presently held, payable on or about May 15, 2000. "We are achieving record growth by focusing on the segments of the wireless communications, medical electronics and other markets that require the high reliability, quality products and strong RF applications focus for which ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered is well-known," said Victor Insetta, Chairman and Chief Executive Officer. "The Board's decision to split our stock reflects this success, our confidence that we are well positioned in key growth markets and our commitment to building value for our stockholders. We are confident that ATC will continue to show strong results in the coming quarters. We believe the stock split will also increase the liquidity and marketabilty of the Company's stock, thereby enhancing stockholder value." American Technical Ceramics Corp. (ATC) designs, develops, manufacturers and markets RF/Microwave/Millimeter/Wave ceramic and porcelain capacitors and Thin Film Products. The Company's products are focused primarily in the high reliability market for UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band. and microwave applications. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, changes in product mix, costs and availability of raw materials, fluctuations in operating results, delays in development of highly-complex products, risks associated with international sales and sales to the U.S. military, risk of customer contract or sales order cancellation and other risks detailed from time to time in American Technical Ceramics Corp.'s filings with the Securities and Exchange Commission. These risks could cause American Technical Ceramics Corp.'s actual results for future periods to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. |
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