Loading...
Loading

CSI Announces Two-for-One Stock Split

00:00:00 - 10 September 2004

PADUCAH, KY - (September 10, 2004) - Computer Services, Inc. (Pink Sheets: CSVI.PK) announced that its Board of Directors declared a two-for-one stock split in the form of a stock dividend. The stock dividend is payable on October 15, 2004 to shareholders of record on September 24, 2004.

"Our Board of Directors declared the two-for-one stock split to highlight the continued price appreciation in CSI's stock over the past year," stated Steven A. Powless, President and CEO of CSI. "We believe the increase in our stock price is in recognition of our growth in revenues, earnings and cash flow. We remain optimistic about our future and expect the stock split will improve the affordability of our shares and improve CSI's liquidity over the long-term as more shares are available to trade in the market.

"Our Board of Directors recently raised our cash dividend, our 16th consecutive annual increase in our cash dividend. We remain committed to growing our operations and building shareholder value through our cash and stock dividend programs," concluded Mr. Powless.

About Computer Services, Inc.
Computer Services, Inc. (CSI), provides service and software solutions for community banks. In addition to core processing, our integrated banking solutions include imaging, cash management, Internet banking, corporate intranets, secure web hosting, e-messaging, online shopping, teller and platform services, ATM and debit card service and support, risk assessment, network management, and compliance software and services for regulatory compliance, homeland security and fraud prevention. Over 2000 financial institutions are served with CSI's products and services. For more information, visit the company's web site at www.csiweb.com.

news_buffer

Leave a Comment