American Vanguard Declares $.06 Cash Dividend.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Sept. 18, 2001 American Vanguard Corporation (AMEX AMEX See: American Stock Exchange :AVD AvD Automobilclub von Deutschland (German automobile club) AVD Academy of Veterinary Dentistry AVD Audio Video Design (Melbourne, FL) AVD Audio Video Data AVD Association des Volontaires pour le Développement ) today announced that its Board of Directors has declared a cash dividend of $.06 per share. The dividend will be distributed on October 19, 2001 to shareholders of record as of October 5, 2001. Eric G Eric G was a Miami Bass/Hip-Hop rapper, DJ, and producer, acting as the primary creative force behind Triple M DJ Crew, the Bass Station parties and night club, the rap group Worse 'em Crew, the Bass Station record label, and Never Stop Productions . Wintemute, President and Chief Executive Officer of American Vanguard, commented, "This cash dividend represents a 20% increase over the dividend declared at this time last year. Additionally, many shareholders will benefit further due to the 10% stock dividend distributed this past April. The Board of Directors remains confident in the Company's outlook for the remainder of 2001 and beyond. The recent acquisition of a DuPont manufacturing facility in Axis, Alabama increased our flexibility, capacity and geographic diversity, and enables us to pursue additional product line acquisitions. Based on the new facility, recent industry consolidation, and the Company's strong financial position, we expect to achieve long-term growth by taking advantage of acquisition opportunities." American Vanguard Corporation is a diversified specialty and agricultural products company. Its subsidiaries include AMVAC Chemical Corporation, which develops and markets safe and effective products for agricultural and commercial uses; GemChem, Inc., a national chemical distributor; AMVAC Chemical UK Ltd., the Company's UK office; Quimica Amvac De Mexico S Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. .A. de C.V., the Company's Mexico office; and Environmental Mediation, Inc., an environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations. firm. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgement as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements. |
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