Danier Leather Inc.

Danier Leather Inc.

January 19, 2006 14:11 ET

Danier Leather Inc. Board Declares Quarterly Dividend of 6 Cents Per Share

TORONTO, ONTARIO--(CCNMatthews - Jan. 19, 2006) - Danier Leather Inc. (TSX:DL.SV) announced today that its Board of Directors has declared a quarterly cash dividend of 6 cents per share on the outstanding subordinate voting shares and multiple voting shares of the Corporation. The dividend is payable March 1, 2006 to shareholders of record at the close of business on February 16, 2006.

About Danier

Danier Leather Inc. is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories. The Company's merchandise is marketed exclusively under the well-known Danier brand name and is available only at its 97 shopping mall, street-front, and power centre stores, or through its corporate sales division and online through its website, www.danier.com.

Note: This press release may contain forward-looking statements that involve risks, estimates, and uncertainties. Therefore, actual results may differ materially. Examples of such risks and uncertainties include those associated with product sales, demand for Danier's products, weather, availability of raw materials, foreign sourcing and manufacturing, estimates of damages, costs and interest associated with the class action lawsuit, continued growth of the leather apparel industry, and competition and other associated risks with Danier's business. For an expanded discussion of risks and uncertainties, please see the documents filed by Danier Leather Inc. with the Ontario Securities Commission. Danier disclaims any responsibility to update or revise such forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Investor Relations Contact:
    Danier Leather Inc.
    Jeffrey Wortsman, President and Chief Executive Officer
    (416) 762-8175 ext. 302
    (416) 762-7408 (FAX)
    Danier Leather Inc.
    Bryan Tatoff
    Senior Vice-President and Chief Financial Officer
    (416) 762-8175 ext. 328
    (416) 762-6072 (FAX)