IRVINE, Calif., Feb. 19, 2015 /PRNewswire/ -- DecisionPoint™
Systems, Inc. (OTCBB: DPSI), a leading provider and integrator of
Enterprise Mobility and Wireless Applications solutions,
announced that its Board of Directors has approved the payment of a
quarterly cash dividend of eight percent of the stated value of the
Company's Series D and ten percent of the stated value of the
Company's Series E Preferred Stock for the quarter
ending December 31, 2014. The total stated value of the
Series D and E Preferred Stock is $7.04 and $3.83
million respectively. The dividend will be paid on or
about February 23, 2015 to the Series
D and E Preferred Stockholders of record as of December 31, 2014.
Chairman of the Board Robert Schroeder commented, "The dividends
were paid out of operating cash flow to avoid the issuance of
additional stock. This will be the fourth consecutive cash dividend
and eight out of the last nine quarters that DecisionPoint has
issued a cash dividend."
About DecisionPoint™ Systems, Inc.
DecisionPoint
Systems, Inc. delivers improved productivity and operational
advantages to its clients by helping them move their business
decision points closer to their customers. They do this by
making enterprise software applications accessible to the
front-line worker anytime, anywhere. DecisionPoint utilizes
the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems
visit www.decisionpt.com
Forward Looking Statements
Under The
Private Securities Litigation Reform Act of 1995: Except for
historical information contained herein, the statements in this
news release are forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Act
of 1995. Forward looking statements involve known and unknown risks
and uncertainties, which may cause a company's actual results,
performance and achievement in the future to differ materially from
forecasted results, performance, and achievement. These risks and
uncertainties are described in the Company's periodic filings with
the Securities and Exchange Commission. The Company undertakes no
obligation to publicly release the results of any revisions to
these forward looking statements that may be made to reflect events
or circumstances after the date hereof, or to reflect the
occurrence of unanticipated events or changes in the Company's
plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Michael Roe
Chief Financial Officer
(949) 465-0065
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
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SOURCE DecisionPoint Systems, Inc.