SOURCE: Gyrotron Technology Inc.

Gyrotron Technology Inc.

July 05, 2012 10:35 ET

Gyrotron Technology Inc. Announces 200% Stock Dividend

BENSALEM, PA--(Marketwire - Jul 5, 2012) -  Gyrotron Technology Inc. (PINKSHEETS: GYTI) announced today that its Board of Directors has authorized a 200% stock dividend, and in connection therewith subject to shareholder approval, an increase in the number of authorized shares of common stock to 10,000,000 from 25,000,000. After the dividend, shareholders will own three shares of GYTI for each share they currently own. The dividend will be distributed following FINRA approval. The Board believes that the dividend could increase liquidity in the company's shares.

About Gyrotron Technology -- (PINKSHEETS: GYTI)
Gyrotron Technology develops and markets unique industrial technologies to a broad range of industries including glass, solar, and semiconductor. These technologies open new horizons, substantially enhancing productivity and cutting costs by, among other things, applying heat in a dramatically more efficient and effective manner than is possible with legacy technologies.

Please visit our website http://www.gyrotrontech.com/ or go to http://www.gyrotrontech.com/images/gyti.pk%20summary.pdf for GYTI summary information.

Forward-Looking Statements
This release and the materials referred to herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of GYTI. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in publically available information on GYTI. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.

Contact Information

  • Company Contact:
    Jack N. Mayer
    Director
    215-244-4740
    Email Contact