Mediagrif declares a quarterly dividend of $0.07 per shareLongueuil, Canada – February 8, 2011 – Mediagrif Interactive Technologies Inc. ("Mediagrif" or the “Corporation”) (TSX: MDF) announces that it will pay, from now on, cash dividends on a quarterly basis rather than on a semi-annual basis. Accordingly, the Corporation today declared a first quarterly cash dividend of $ 0.07 per share, which will be payable April 15, 2011 to shareholders of record at the close of business on April 1, 2011. The dividend will be an “eligible dividend” for Canadian tax purposes.
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX: MDF) delivers innovative e-commerce solutions to businesses since 1996. Its web platforms enable clients to find, purchase and sell products, exchange information, gain access to business opportunities and manage supply chain collaboration with greater speed and efficiency. Mediagrif provides e-commerce solutions in the fields of electronics components, computer equipment and telecommunications, medical equipment, automotive aftermarket, wine & spirits, diamonds and jewelry, retail markets and government opportunities. Headquartered in Longueuil, Mediagrif has offices in North America and Asia. For more information, please visit us at www.mediagrif.com.
This press release contains certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect us. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. All amounts are in Canadian dollars.
For further information:
Chief Executive Officer
Tel.: (450) 449-0102 ext. 2004
Toll Free: 1 877 677-9088 ext. 2004
Chief Financial Officer
Tel.: (450) 449-0102 ext. 2135
Toll Free: 1 877 677-9088 ext. 2135