SOURCE: Epolin, Inc.

July 11, 2008 08:45 ET

Epolin, Inc. Announces $0.04 Special Cash Dividend to Be Paid on August 7, 2008

NEWARK, NJ--(Marketwire - July 11, 2008) - EPOLIN, INC. (the "Company") (OTCBB: EPLN) ( today announced that its Board of Directors has declared a special cash dividend of $0.04 per share to be payable on August 7, 2008 to shareholders of record at the close of business on July 24, 2008.

In April 2006, the Board adopted a dividend policy under which the Company intends to issue a regular annual cash dividend and may issue a special cash dividend from time to time as well. Since April 2006, the Company has paid (in addition to the special dividend being announced today) three regular annual cash dividends of $0.02 per share which were paid in May 2006, May 2007 and May 2008. In addition, since of the adoption of the dividend policy, a special cash dividend of $0.02 per share has been paid in each of January 2007 and January 2008. The cash dividend being announced today represents the first $0.04 cash dividend being paid by the Company since the adoption of the dividend policy. Although there can be no assurance, the Company anticipates that it will pay another special cash dividend in January 2009 similar to the special cash dividends the Company has paid in January of the prior two years.

Murray S. Cohen, Ph.D., Chairman of the Board, stated, "This special $0.04 cash dividend underscores the Board's confidence in our financial position and demonstrates our commitment to shareholder interests. We are especially pleased that our continued profitability and cash position has enabled this additional return to our shareholders."

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 29, 2008 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
    Chairman of the Board
    James Ivchenko
    Greg Amato
    Chief Executive Officer
    (973) 465-9495