WOODBRIDGE, N.J., Sept. 23, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the Distribution). When paid, the Distribution will bring the aggregate total of the three liquidation dividends paid to date to stockholders to $1.23 per share of common stock.
The Distribution is being made to stockholders of record as of the close of business on July 7, 2015, in connection with the Companys previously announced voluntary Plan of Dissolution (Plan) that was approved by …
Read the full article at: https://globenewswire.com/news-release/2016/09/23/874159/0/en/EMRISE-CORPORATION-Announces-Estimated-Date-and-Amount-of-Third-Liquidation-Dividend-Distribution-to-Stockholders.html
