Single Source Investment Group, Inc. (OTC:SGSP) announced today that it has approved a third quarter 2007 interest distribution/dividend to the common stockholders at an annual rate of 10% of the market price of the common stock on September 28, 2007 which was $6.50, with the record date for the interest distribution/dividend to be November 7, 2007, an ex-dividend date set by NASD, a distribution date of November 9, 2007, and with the quarterly dividend/distribution to be in the amount of $0.16 per share of issued and outstanding common stock.
"We are extremely pleased to be able to announce our seventh consecutive quarterly dividend. During this period we have maintained the dividend so that the dividend/distribution to the common stockholders remains at an annual rate of 10% of the market price of the stock. Our projections indicate that the revenues of our subsidiary will enable the Company to continue its dividend/distribution rate at this level for 2007, although a final decision will be made quarterly after revenues and cash flow have been evaluated. We look forward to continuing to distribute value to our investors," stated Ramon Pagan, Jr., Treasurer and Managing Officer.
About Single Source Investment Group, Inc. - SGSP is a young entrepreneurial multi-faceted organization, providing basic financial, accounting and related investment services to small and mid-sized companies. It also provides money management services to third parties. Through its subsidiary it also serves as either trustee or joint venture manager for third party funds for which it receives fees for services. For further information, please call 561-697-8751 or visit the company website at http://www.singlesourceig.com.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
