ENGLEWOOD CLIFFS, N.J., Jan. 19 /PRNewswire-FirstCall/ -- JINPAN INTERNATIONAL LIMITED (AMEX:JST) According to the Board of Directors resolution on January 15, 2007, Jinpan International Limited declared a cash dividend of $0.24 per share of common stock for the year 2007. On February 22, 2007, the Company will make the first distribution of $0.12 per share to shareholders of record as of February 8, 2007. The second distribution will be made during the second half of the year 2007.
As a premier manufacturer of cast coil transformers, the Company has been successful in gaining market share on a global basis. In December, the Company successfully raised $25.7 million to fund capital expansion. To support its growth, the Company plans to re-invest much of its 2006 profits into operations. The Company looks forward to realizing its goals and to continue delivering value to its customers and investors.
STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE: Jinpan International Limited CONTACT: Mr. Mark Du, +1-201-227-0680 Web site: http://www.jstusa.net/
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