Company Release - 11/18/2009 4:00 PM ET
PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--
Systemax Inc. (NYSE:SYX) announced that on November 16, 2009 its
Board of Directors declared a special dividend of $0.75 per share
payable on December 15, 2009 to shareholders of record on December 1,
2009.
Richard Leeds, Chairman and Chief Executive Officer, said, "This special
dividend reflects Systemax's solid financial performance and strong
capital position. The Company remains committed to executing on its
long-term strategic growth plans with a keen focus on returning value to
shareholders."
About Systemax Inc.
Systemax Inc. (http://www.systemax.com),
a Fortune 1000 company, sells personal computers, computer supplies,
consumer electronics and industrial products through a system of branded
e-Commerce web sites, retail stores, relationship marketers and direct
mail catalogs in North America and Europe. The primary brands are
TigerDirect, CompUSA, Circuit City, MISCO, WStore and Global Industrial.
Forward-Looking Statements
This press release contains forward-looking statements about the
Company's performance. These statements are based on management's
estimates, assumptions and projections and are not guarantees of future
performance. The Company assumes no obligation to update these
statements. Actual results may differ materially from results expressed
or implied in these statements as the result of risks, uncertainties and
other factors including, but not limited to: (a) unanticipated
variations in sales volume, (b) economic conditions and exchange rates,
(c) actions by competitors, (d) the continuation of key vendor
relationships, (e) the ability to maintain satisfactory loan agreements
with lenders, (f) risks associated with the delivery of merchandise to
customers utilizing common carriers, (g) the operation of the Company's
management information systems, and (h) unanticipated legal and
administrative proceedings. Please refer to "Risk Factors" and the
Forward Looking Statements sections contained in the Company's Form 10-K
for a more detailed explanation of the inherent limitations in such
forward-looking statements.
Source: Systemax Inc.
Contact: Investors / Media:
Brainerd Communicators, Inc.
Denise Roche / Bill Douglass, 212-986-6667
[email protected] /
[email protected]