SOURCE: Epolin, Inc.

April 18, 2007 15:12 ET

Epolin, Inc. Announces $0.02 Regular Annual Cash Dividend to Be Paid May 14, 2007

NEWARK, NJ -- (MARKET WIRE) -- April 18, 2007 -- EPOLIN, INC. (OTCBB: EPLN) ( today announced that its Board of Directors has declared a $0.02 per share regular annual cash dividend which shall be paid on May 14, 2007 to shareholders of record at the close of business on April 30, 2007.

The Company reported that this dividend represents the second regular annual cash dividend declared by the Board of Directors pursuant to the Company's dividend policy which was announced on April 6, 2006. The first regular annual cash dividend was paid on May 1, 2006 and was also in the amount of $0.02 per share. Following the May 1, 2006 dividend, the Company paid a special $0.02 per share cash dividend which was paid on January 3, 2007.

Murray S. Cohen, Ph.D., Chairman of the Board, stated, "Having already paid a dividend in 2007, we are delighted to continue with the dividend policy established last year by declaring this second regular annual cash dividend."

About Epolin

Epolin, Inc. is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations. The Company's business is heavily weighted towards the development, manufacture and sale of near infrared dyes. Applications for these dyes cover several markets that include laser protection, welding, sunglasses, optical filters, glazing and imaging and security inks and tagants. The Company also manufactures specialty chemicals for certain chemical manufacturers.

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to Epolin, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors discussed in the Company's Annual Report on Form 10-KSB for the fiscal year ended February 28, 2006 under the caption "Uncertainties and Risk Factors" in Part I, Item 1 "Description of Business." Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.

Contact Information

  • For more detailed information, please contact:

    Murray S. Cohen, Ph.D.
    Chairman of the Board

    James Ivchenko

    Greg Amato
    Chief Executive Officer
    (973) 465-9495