SOURCE: Aldila, Inc.

November 21, 2005 13:54 ET

/ CORRECTION - Aldila, Inc.

POWAY, CA -- (MARKET WIRE) -- November 21, 2005 -- In the news release "Aldila Declares an Increase in Quarterly Cash Dividend and Special Dividend," issued Friday, November 18, by Aldila, Inc. (NASDAQ: ALDA), we are advised by the company that the headline should read "Aldila Declares a Quarterly Cash Dividend and Special Dividend." Complete corrected text follows.

Aldila Declares a Quarterly Cash Dividend and Special Dividend

POWAY, CA -- 11/18/2005 -- Aldila, Inc. (NASDAQ: ALDA) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share and a one time special dividend of $1.00 per share both to be paid on December 16, 2005 to shareholders of record as of December 2, 2005.

Aldila also reported that the Board of Directors intends to continue to declare quarterly dividends at least at the same regular rate of $0.15 per share for the foreseeable future, subject to Aldila's continued successful financial performance.

This press release contains forward-looking statements based on our expectations as of the date of this press release. These statements necessarily reflect assumptions that we make in evaluating our expectations as to the future. They also necessarily are subject to risks and uncertainties. Our actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of a variety of factors. Our filings with the Securities & Exchange Commission present a detailed discussion of the principal risks and uncertainties related to our future operations, in particular under "Business Risks" in Part I, Item 1, of our Annual Report on Form 10-K for the year ended December 31, 2004, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part I, Item 7, of the Form 10-K.

Aldila is a leader among manufacturers of high performance graphite golf shafts used in clubs assembled and marketed throughout the world by major golf club companies, component distributors and custom clubmakers. Aldila also manufactures graphite hockey sticks and blades and provides the assembly operations, and composite prepreg material for its golf shaft business and external sales.

Contact Information

  • Investor/Media Contacts:
    Robert J. Cierzan
    Vice President, Finance
    Sylvia J. Castle
    Investor Relations
    (858) 513-1801