Dynamic Materials Declares 2-For-1 Stock Split
September 23 2005 - 9:00AM
PR Newswire (US)
BOULDER, Colo., Sept. 23 /PRNewswire-FirstCall/ -- Dynamic
Materials Corporation (DMC) (NASDAQ:BOOM), the world's leading
provider of explosion- welded clad metal plates and associated
services, today announced that its board of directors has declared
a 2-for-1 split of DMC's common stock. The split will be effected
as a stock dividend, and will be paid to stockholders of record as
of the close of business on October 5, 2005. Stockholders on the
record date will receive one additional share of common stock for
each share held. The payment date will be October 12, 2005. The
stock split will increase the number of common shares outstanding
from approximately 5,860,000 shares to approximately 11,720,000
shares. Yvon Cariou, president and CEO, said, "We are pleased with
the recent performance of our business and are encouraged by the
increased level of interest Dynamic Materials has generated within
the investment community. This stock split is designed to increase
the size of our public float and make our shares more accessible to
a broader base of prospective shareholders." About Dynamic
Materials Corporation Based in Boulder, Colorado, Dynamic Materials
Corporation is a leading international metalworking company. Its
products include explosion-welded clad metal plates and other metal
fabrications for use in a variety of industries, including
petrochemicals, refining, hydrometallurgy, aluminum smelting and
shipbuilding. The company operates two business segments: the
Explosive Metalworking Group, which uses proprietary explosive
processes to fuse dissimilar metals and alloys, and AMK Welding,
which utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. With more than 30 years of international experience, DMC
has captured a commanding share of the worldwide market for
explosion-welded clad metals. For more information, visit the
company's website at http://www.dynamicmaterials.com/. Except for
the historical information contained herein, this news release
contains forward-looking statements that involve risks and
uncertainties including, but not limited to, the following: the
ability to obtain new contracts at attractive prices; the size and
timing of customer orders; fluctuations in customer demand;
competitive factors; the timely completion of contracts; the timing
and size of expenditures; the timely receipt of government
approvals and permits; the adequacy of local labor supplies at the
company's facilities; the availability and cost of funds; and
general economic conditions, both domestically and abroad; as well
as the other risks detailed from time to time in the company's SEC
reports, including the report on Form 10-K for the year ended
December 31, 2004. DATASOURCE: Dynamic Materials Corporation
CONTACT: Geoff High of Pfeiffer High Investor Relations, Inc.,
+1-303-393-7044, for Dynamic Materials Corporation Web site:
http://www.dynamicmaterials.com/
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