Las Vegas, NV, Sept. 09, 2022 (GLOBE NEWSWIRE) — EKIMAS Corporation (OTC Pink: “ASNB”) today announced that the company’s Board of Directors has approved a special cash distribution of 0.25 $ per share at its September 8, 2022 meeting. The cash distribution is payable on September 19, 2022 to shareholders of record on March 11, 2022.
About the company EKIMAS
EKIMAS Corporation endeavors to identify an operating company to acquire or merge through a stock-based exchange transaction that would likely result in a change of control. Although certain opportunities have been studied to determine whether a possible merger opportunity could add value for the benefit of the shareholders of the Company, the Company has not yet entered into any binding agreements.
Caution Regarding Forward-Looking Statements
Certain of the statements contained in this release are or may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from the expectations, estimates and projections presented or implied and , therefore, you should not rely on these forward-looking statements as predictions of future events. Words such as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’, ‘optimistic’, ‘intend’, ‘aim’, ‘will’, ‘may’ and variations thereof and similar words and phrases are intended to identify such forward-looking statements, but the absence of such words does not mean that a statement is not forward-looking. Forward-looking statements involve estimates, expectations and projections and, therefore, are subject to risks and uncertainties, many of which are beyond the Company’s control. Actual results could differ materially, or even materially, from those described in the forward-looking statements. The above list of risks is not exhaustive. Additional risks and uncertainties are identified and discussed in the Company’s reports filed or to be filed with the SEC, including its Form 10-K for the fiscal year ended March 31, 2022 and Form 10-Q for the fiscal quarter ended June 30, 2022 The Company’s reports, as filed with the SEC, may be viewed on the SEC’s website at http://www.sec.gov. The forward-looking statements included in this press release speak only as of the date of this press release. The Company undertakes and does not undertake any obligation, and does not intend to update the Company’s forward-looking statements, except as required by law.
Bennett J. Yankowitz
CEO and Director