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| REMEC, Inc. Announces Initial Cash Distribution of $1.35 Per Share |
SAN DIEGO--(BUSINESS WIRE)--Sept. 13, 2005--REMEC, Inc. (NASDAQ:REMC) today announced that its Board of Directors has approved an initial cash distribution of $1.35 per share to shareholders of record as of September 13, 2005. The payment date is expected to be on or about October 4, 2005. Further details on the distribution will be provided as they become available. REMEC continues to believe that the total cash distribution to shareholders resulting from the sale of its business units will be within the range of $2.45 to $2.95, as discussed in the Company's Form 10-Q filed September 12, 2005. About REMEC, Inc. REMEC is located at 3790 Via de la Valle, Del Mar, CA 92014. For more information, visit the company's website at www.remec.com or call (858) 842-3000. Forward-Looking Statements Statements in this press release that are not historical are forward-looking statements, which involve known and unknown risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, risks relating to resolution of residual liabilities and obligations, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission.
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