Bonso Electronics Distributes First-Time Dividend of 10 Cents Per Share to Holders of Common Stock.Business Editors HONG KONG--(BUSINESS WIRE)--March 2, 2001 Bonso Electronics International, Inc. (Nasdaq:BNSO) announced that on February 28, 2001, it distributed a dividend of 10 cents per common share to shareholders of record on January 31, 2001. This dividend is the first of its kind for the electronics contract manufacturing firm, which posted record revenues and profits for the nine months ended December 31, 2000. "Our current income position combined with an excellent cash flow influenced the Board of Directors to declare a cash dividend," said Anthony So, chairman, president and chief executive officer. "Any future decision as to dividend payments will be based on the wisest use of resources that first provides for our rapid growth needs." The company recently completed a major factory expansion to accommodate its entry into wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. product manufacturing and has the capacity to more than double its current revenues. "We do not foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. the need for any major capital investments for the remainder of the year, which enables us to focus attention on enhancing the value of shareholder investments," So said. About Bonso Electronics Headquartered in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China on behalf of customers primarily located in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. Company services include product design and prototyping, production tooling, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at http://www.bonso.com. The statements contained in the press release which are not historical facts are 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. that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. |
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