DRUMMONDVILLE, QC, Nov. 12 /CNW Telbec/ - CVTech Group Inc. ("CVTech" or the "Corporation") (TSX: CVT) announces that at a meeting held on November 11, 2010, the Board of Directors of the Corporation has declared a dividend of $0.02 per outstanding common share, payable on December 3, 2010 to shareholders of record at the close of business as of November 22, 2010.
OVERVIEW OF THE CORPORATION
CVTech is a management company operating in two major sectors. Through Thirau ltée and its subsidiary Thirau LLC, the Corporation provides services to the electric power industry for the construction and maintenance of transmission and distribution lines primarily in Quebec and the eastern United States. Thirau ltée's subsidiary J.J.L. Déboisement inc. specializes in control of vegetation surrounding power lines and in clearing rights of way. Thirau LLC's wholly owned subsidiary Riggs Distler & Company, Inc. is a leading provider of maintenance and construction services to the utility and heavy industrial markets. In the CVT systems and related products segment, the Corporation, through CVTech-IBC Inc., designs, manufactures and sells continuously variable power transmission systems, or CVTs. CVTech-AAB specializes in rebuilding crankshafts and cylinders and in distributing engine parts.
FORWARD-LOOKING STATEMENTS
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management has no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.
Further information regarding CVTech is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.cvtech.ca.
%SEDAR: 00021045EF
For further information:
Source: CVTech Group Inc. | |||
Contacts: | |||
André Laramée, MBA President and Chief Executive Officer 819-479-7771 [email protected] |
Mario Trahan, CMA Chief Financial Officer 819-479-7771 m.trahan@cvtech.ca |
MaisonBrison Martin Goulet, CFA 514-731-0000 [email protected] |
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