UAP Holding Corp. Announces Quarterly Dividend
January 16 2008 - 3:05PM
PR Newswire (US)
GREELEY, Colo., Jan. 16 /PRNewswire-FirstCall/ -- UAP Holding Corp.
(NASDAQ:UAPH), the largest independent distributor of agricultural
and non-crop inputs in the United States and Canada, today
announces that its Board of Directors declared a quarterly dividend
payment, at the rate of $0.225 per share, payable on February 15,
2008, to stockholders of record as of the close of business on
February 1, 2008. About the company UAP Holding Corp. is the
holding company of United Agri Products, Inc., the largest
independent distributor of agricultural and non-crop products in
the United States and Canada. United Agri Products, Inc. markets a
comprehensive line of products, including chemicals, fertilizer,
and seed to farmers, commercial growers, and regional dealers.
United Agri Products also provides a broad array of value-added
services, including crop management, biotechnology advisory
services, custom fertilizer blending, seed treatment, inventory
management, and custom applications of crop inputs. United Agri
Products maintains a comprehensive network of approximately 370
distribution and storage facilities and three formulation plants,
strategically located in major crop-producing areas throughout the
United States and Canada. Additional information can be found on
the company's website, http://www.uap.com/. Safe Harbor Statement
under the U.S. Private Securities Litigation Reform Act of 1995
This press release may contain statements that are forward-looking,
as that term is defined by the Private Securities Litigation Reform
Act of 1995 or by the Securities and Exchange Commission in its
rules, regulations and releases. These statements include, but are
not limited to, discussions regarding industry outlook, the
company's expectations regarding the performance of its business
including the fiscal 2008 earnings per share guidance, its
liquidity and capital resources and the other non-historical
statements in this press release. These forward-looking statements
are based on management's beliefs, as well as assumptions made by,
and information currently available to, management. When used in
this release, the words "believe," "anticipate," "estimate,"
"expect," "intend" and similar expressions are intended to identify
forward-looking statements. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. These statements are subject to certain
risks, uncertainties and assumptions, including risks related to
the seasonality of the company's business and weather conditions in
its markets, its substantial leverage and restrictions contained in
its senior secured credit facility, the possibility of liability
for pollution and other damage that is not covered by insurance or
that exceeds its insurance coverage, its dependence on rebate
programs, its ability to build upon its distribution network
through ongoing acquisitions, and other risks identified and
discussed under Item 1A. Risk Factors in the company's Form 10-K
filed with the Securities and Exchange Commission on April 26,
2007, and in the other documents the company files with the
Securities and Exchange Commission from time to time. DATASOURCE:
UAP Holding Corp. CONTACT: Karla J. Kimrey, Vice President,
Investor Relations of UAP Holding Corp., +1-970-356-4400 Web site:
http://www.uap.com/
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