USA Recycling Industries, Inc. Declares Stock Dividend to Shareholders
14 Mars 2011 - 2:51PM
USA Recycling Industries, Inc., fka Voyager Petroleum Inc. (Pink
Sheets:USRI) (Frankfurt:DXD), a scrap metals recycler servicing the
automotive service center chain store industry with commercial
customers throughout North America today announced that its Board
of Directors has declared a stock dividend of the Company's Common
Stock to holders of record as of March 31, 2011 (the Record date)
in which the Company will pay shareholders a stock dividend of 25%
per share for each share owned on the Record date. The stock
dividend will be paid on the payment date of April 15, 2011 to
shareholders of record based on the number of shares the
shareholder owns on the March 31, 2011 Record date. Further, the
Company's officers, directors, principal shareholders and employees
have waived participation in any such dividend payment at this
time. Vincent J. Smith, CEO of the Company, stated "As we continue
to execute our reorganization, we certainly recognize the
importance of the Company's shareholders and the issuance of this
significant stock dividend is in direct appreciation of their
continued loyalty and support as Management executes its business
plan on a going-forward basis."
About the Company
USA Recycling Industries, Inc. formerly known as Voyager
Petroleum, Inc. (www.usarecyclingindustriesinc.com) is a publicly
traded mid-market scrap metal recycler servicing commercial &
industrial customers throughout North America. The Company now
participates in a $75 billion global scrap metals market through
its acquisition of Scrap USA in December 2010. Operating since
2007, Scrap USA has been focused on and successful in targeting the
Automotive Service Centre Industry. It currently provides
specialty recycling programs to more than 4,000 automotive service
centre locations operated by some of the most recognizable names in
that retail category. The Company's contracted automotive scrap
metal suppliers are listed on the NASDAQ, New York Stock Exchange
and others are owned by some of the world's largest hedge
funds. Having developed a national footprint in its current
market of scrap metal collection & processing the company is
now comfortable with integrating other ancillary products such as
used motor oil and other automotive related recyclables to its
specialty services.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, future
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
CONTACT: Vincent J. Smith - CEO
USA Recycling Industries, Inc.
877-464-5865
USA Recycling Industries (CE) (USOTC:USRI)
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