SOURCE: EVOLVING SYSTEMS

Evolving Systems

February 04, 2014 07:00 ET

Evolving Systems Announces Tax Treatment of 2013 Dividends

ENGLEWOOD, CO--(Marketwired - Feb 4, 2014) - Evolving Systems, Inc. (NASDAQ: EVOL), a leader in activation, enablement and management of services for connected mobile devices, today announced tax treatment of its 2013 dividends.

The company paid four quarterly dividends during 2013 totaling approximately $4.1 million. Approximately 51%, or $2.1 million, of that total was treated as a non-dividend distribution, with the remaining $2.0 million treated as taxable dividends. The company encourages holders of record to consult their tax advisor regarding tax treatment of any dividends received.

A breakdown of 2013 quarterly dividends is provided below:

             
             
Amount   Payment Date   Dividend   Non-Dividend Distribution
$0.08/share   April 12, 2013   100.0%   0.00%
$0.08/share   July 12, 2013   100.0%   0.00%
$0.10/share   September 13, 2013   16.638275%   83.361725%
$0.10/share   December 13, 2013   0.00%   100.0%
             
             

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to 60 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of services for connected devices. Founded in 1985, the Company has headquarters in Englewood, CO, with offices in San Francisco, CA; the United Kingdom; India; and Malaysia. For more information please visit www.evolving.com or follow us on Twitter: http://twitter.com/EvolvingSystems

Contact Information

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    Jay Pfeiffer
    Pfeiffer High Investor Relations, Inc.
    +1 303 393 7044
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    Evolving Systems
    Lissa Franklin
    Evolving Systems
    415 817 0803
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