TORONTO, May 21, 2024
/CNW/ - NamSys Inc. (TSXV: CTZ) (the "Company"), a leading
provider of technology for cash processing and transportation,
announced today a special dividend of CAD$0.05 per common share of the Company to be
paid on June 11, 2024 to holders of
record of common shares on May 29,
2024.
In recognition of the Company's continued strong financial
performance, the Board of Directors (the "Board") has
approved this one-time, special dividend. The Board does not plan
to make regular dividend distributions in the future, and no
ongoing dividend strategy is currently in place.
About NamSys Inc.
NamSys Inc. products are designed to bring efficiency to the
processing of currency and other value instruments in retailers,
financial institutions, and cash-in-transit providers. NamSys'
proprietary systems for this market are sold as
software-as-a-service subscriptions and operate in the public cloud
service providers.
This press release contains certain "forward-looking
information" which may include, but is not limited to, statements
with respect to future events or future performance and
management's expectations regarding the timing and payment of
future dividends, if any. Such forward-looking information reflects
management's current beliefs and is based on information currently
available to management. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "predicts", "intends", "targets", "aims",
"anticipates" or "believes" or variations (including negative
variations) of such words and phrases or may be identified by
statements to the effect that certain actions "may", "could",
"should", "would", "might" or "will" be taken, occur or be
achieved. A number of known and unknown risks, uncertainties and
other factors may cause the actual results or performance to
materially differ from any future results or performance expressed
or implied by the forward-looking information. Such factors
include, among others, the Company's capital position and
managements' decision on how capital is employed, all of which may
be affected by such factors as general business, economic,
competitive, political and social uncertainties; actions by
government and regulatory authorities affecting the business of the
Company; the future of the market for the Company's products and
services; and the impact of inflation and rising costs of goods and
services on the Company's business model. These factors should be
considered carefully, and readers of this press release should not
place undue reliance on forward-looking information.
Although the forward-looking information contained in this
press release is based upon what management believes to be
reasonable assumptions, there can be no assurance that such
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. The
information in this press release, including such forward-looking
information, is made as of the date of this press release and,
other than as required by applicable securities laws, the Company
assumes no obligation to update or revise such information to
reflect new events or circumstances.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE NamSys Inc.
