Air Industries Group, Inc. Announces Quarterly Dividend
BAYSHORE, NY -- (Marketwire) -- 03/12/13 -- Air Industries Group,
Inc. (OTCBB: AIRI) today announced that its Board of Directors
approved the payment of its quarterly cash dividend to its
A quarterly dividend of $0.0625 per common share will be paid on or
about April 1, 2013, to all shareholders of record as of the close of
business on March 15, 2013. Future dividends will be subject to Board
and Bank approval.
Mr. Michael Taglich, Chairman of the Board of Air Industries Group
commented: "We remain confident in the Company's position and are
pleased to pay our second quarterly dividend. We intend to continue
doing so long as it is prudent and possible to do so. We are
delighted that we can deliver dividend income to shareholders as we
continue to reduce our debt."
For additional information, please call 631.881.4913 or
ABOUT AIR INDUSTRIES GROUP, INC.
Air Industries Group, Inc. (OTCBB:
AIRI) is an integrated manufacturer of precision components and
provider of supply chain services for the aerospace and defense
industry. The Company has over 50 years of experience in the industry
and has developed leading positions in several important markets that
have significant barriers to entry. With embedded relationships with
many leading aerospace and defense prime contractors, the Company
designs and manufactures structural parts and assemblies that focus
on flight safety, including landing gear, arresting gear, engine
mounts and flight controls. Air Industries Group also provides sheet
metal fabrication, tube bending, and welding services.
Certain matters discussed in this press release are 'forward-looking
statements' intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
In particular, the Company's statements regarding trends in the
marketplace, the ability to realize firm backlog and projected
backlog, potential future results and acquisitions, are examples of
such forward-looking statements. The forward-looking statements are
subject to numerous risks and uncertainties, including, but not
limited to, the timing of projects due to variability in size, scope
and duration, the inherent discrepancy in actual results from
estimates, projections and forecasts made by management regulatory
delays, changes in government funding and budgets, and other factors,
including general economic conditions, not within the Company's
control The factors discussed herein and expressed from time to time
in the Company's filings with the Securities and Exchange Commission
could cause actual results and developments to be materially
different from those expressed in or implied by such statements. The
forward-looking statements are made only as of the date of this press
release and the Company undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
Air Industries Group, Inc.
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