Mississauga, Ontario, October 14, 2010, Armada Data Corp. (TSX.V: ARD) is pleased to announce the Board of Directors has declared a dividend in the amount of $0.005 per common share payable on November 5th, 2010 to all shareholders of record on October 22nd, 2010.
The dividend, the second in the Company’s history, is expected to become an annual dividend. It is also expected that over time, the dividend will increase as revenues and net income rise.
Despite management’s desire to preserve cash reserves to enable future growth, it has been decided that rewarding past and future shareholders with a regular dividend payment, continues to set Armada apart as a unique investment opportunity that will continue to improve moving forward.
About Armada Data Corp.
Armada Data Corp. is a profitable web-enabled Information Services Company providing accurate and real-time data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites and providing Information Technology services to its clients.
Armada Data Corp shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada has 14,135,820 shares outstanding.
