SOURCE: Technest Holdings Inc.

Technest Holdings Inc.

January 04, 2010 15:17 ET

Technest Announces Ex-Dividend Date for Special Capital Distribution to Stockholders

BETHESDA, MD--(Marketwire - January 4, 2010) - Technest Holdings, Inc. (OTCBB: TCNH) announced that FINRA has determined that the ex-dividend date will be January 19, 2010 for the special "return of capital" cash distribution declared by its Board of Directors on December 23, 2009. The ex-dividend date is the date on or after which the security begins to trade without the right to receive the dividend payment. The cash dividend of $0.407 per share of Common Stock is payable on January 15, 2010 to shareholders of record as of January 4, 2010. This distribution relates to the sale of EOIR Technologies, Inc. as previously announced.

About Technest Holdings, Inc.

Technest Holdings, Inc. is a provider of: advanced remote sensor systems, intelligent surveillance and advanced 3D imaging technology solutions to the defense, homeland security and healthcare marketplaces. Technest is committed to setting next-generation imaging standards through the provision of innovative emerging technologies. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in healthcare as well as the fields of defense, civilian homeland security and law enforcement.

To learn more about Technest Holdings Inc. (OTCBB: TCNH), please visit the company's Web site at www.technestinc.com.

Investors are cautioned that certain statements contained in this press release are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning ongoing business strategies or prospects, applicability, benefit and use of our product and services, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: the functionality of our product; our capabilities; a rejection of the Company's products and technologies by the marketplace; and disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Technest Holdings, its products, economic and market factors and the industries in which Technest Holdings does business, among other things. These statements are not guarantees of future performance and Technest Holdings has no specific intention to update these statements. More detailed information about those factors is contained in Technest Holdings' filings with the Securities and Exchange Commission. http://www.sec.gov

Contact Information

  • Contact:
    Stanley Wunderlich
    CEO
    Consulting for Strategic Growth 1
    T: 1-800-625-2236 ext. 7770
    F: 1-646-514-1177
    Email: Email Contact
    Web site: www.cfsg1.com