Logistec Corporation

Logistec Corporation

March 10, 2005 13:09 ET

Logistec Declares Quarterly Dividends on Shares


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LOGISTEC CORPORATION

TSX SYMBOL: LGT.MV.A
TSX SYMBOL: LGT.SV.B

MARCH 10, 2005 - 13:09 ET

Logistec Declares Quarterly Dividends on Shares

MONTREAL, QUEBEC--(CCNMatthews - March 10, 2005) - The Board of
Directors of Logistec Corporation (TSX:LGT.MV.A)(TSX:LGT.SV.B) today
announced that it has declared quarterly dividends of $0.055 per share
on all outstanding Class A common shares and $0.0605 per share on all
outstanding Class B subordinate voting shares.

The dividends will be paid on April 15th, 2005 to all Logistec
Corporation shareholders of record at the close of business on April
1st, 2005.

Logistec has been consistently profitable and has regularly paid
dividends since the company went public in 1969. Dividends paid during
2003 totalled $0.22 on Class A shares and $0.242 on Class B shares.

About Logistec

Logistec Corporation, based in Montreal, provides specialized services
to the marine community and industrial companies in the areas of:
container, breakbulk and bulk cargo handling at 23 ports in Eastern
Canada, the Great Lakes and the Eastern United States; agency services
to foreign shipowners and operators serving the Canadian market; marine
transportation services geared primarily to the Arctic coastal trade;
and management of PCBs, site remediation, risk assessment, and
rehabilitation of underground pipes and aqueducts. The company has more
than doubled its annual revenue since 1995 through internal growth and
strategic acquisitions.

Logistec's shares are listed on the Toronto Stock Exchange under the
symbols LGT.MV.A and LGT.SV.B. More information can be obtained from
the company's website at www.logistec.com

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Logistec Corporation
    Jean-Claude Dugas
    Vice-President, Finance
    (514) 985-2345