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KNOGO SUSPENDS DIVIDEND FOLLOWING RESTRUCTURING CHARGES

 KNOGO SUSPENDS DIVIDEND FOLLOWING RESTRUCTURING CHARGES
 HAUPPAUGE, N.Y., Jan. 20 /PRNewswire/ -- Knogo Corporation (NYSE: KNO) announced today that the board of directors has decided that in light of the recent results of the company and the restructuring and other provisions taken in the third fiscal quarter, the regular quarterly dividend will be suspended. Resumption of the dividend payments will be considered when the company has returned to solid profitability.
 On Jan. 14, 1992, Knogo announced a restructuring charge and other provisions which were primarily responsible for a loss in the third fiscal quarter and first nine months of the 1992 fiscal year of $14.7 million and $13.8 million, respectively.
 Knogo Corporation, founder of the Electronic Article Surveillance (EAS) industry in 1966, is the world's technological leader in the design and manufacture of asset protection systems for retailers and industry. Its Radio Frequency (RF) and Micro-Magnetic (MM) systems protect retail merchandise and business assets. Other products include Knogo's Data Displayer and Surveillor Closed Circuit Video Systems (CCVS), which protect retailers against theft by recording point-of-sale transactions and through video surveillance.
 -0- 1/20/91
 /CONTACT: Robert T. Abbott, VP-finance of Knogo, 516-232-2100, or 800-645-4224/
 (KNO) CO: Knogo Corporation ST: New York IN: SU: DIV


CK-OS -- NY036 -- 1426 01/20/92 12:49 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 20, 1992
Words:215
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