Edusoft Ltd. Announces Cash Dividend.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--March 26, 1998--EduSoft Ltd. (NASDAQ/NMS:-EDUSF) today announced that its board of directors has declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. a cash dividend of $0.524 per share to its shareholders of record on April 10, 1998, which will be payable on April 20, 1998. The amount of cash per share is based on a total cash distribution of $2,500,000 and present 4,775,501 outstanding and issued shares, and is subject to 25% withholding tax The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. . The company does not intend to establish a quarterly dividend distribution, but it will review its financial condition on a periodic basis to determine whether a cash dividend is appropriate. EduSoft develops, publishes and markets multimedia educational titles, as well as integrated educational systems. EduSoft specializes in four product lines - English 1. English - (Obsolete) The source code for a program, which may be in any language, as opposed to the linkable or executable binary produced from it by a compiler. The idea behind the term is that to a real hacker, a program written in his favourite programming language is learning, Early Childhood, science and technological training. EduSoft's products are used in over 40 countries by homes, schools, governments and corporations. Obtain more information about EduSoft by visiting our Web site at www.edusf.com in the USA, or www.edusoft.co.il elsewhere. CONTACT: EduSoft Ltd. Menachem Hasfari, President 011-972-3-900-2410 e-mail: hasfari@edusoft.co.il or DeMonte Associates Cynthia Cynthia goddess of the moon. [Gk. Myth.: Kravitz, 72] See : Moon DeMonte 212/473-3700 e-mail: cdemonte@aol.com America Online's Internet domain address. When sending e-mail to an AOL subscriber via the Internet, the aol.com is the last part of the address; for example: jjones@aol.com. |
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