Date: Thu, 18 Dec 1997 10:06:42 GMT Server: Stronghold/1.3 Ben-SSL/1.3 Apache/1.1.1 Content-type: text/html Content-length: 2455 Last-modified: Thu, 11 Dec 1997 16:23:02 GMT
Released by Loring Group of Johnnie D. Johnson & Co., Inc.
50 Broad Street, NYC 10004 -- (212) 943-0620
For Immediate Release
FRONTIER ADJUSTERS OF AMERICA APPROVES REGULAR DIVIDEND
PHOENIX, Ariz., July 11, 1997 - The Board of Directors of Frontier Adjusters of America, Inc. (ASE-FAJ), in a resolution effective July 8, 1997, declared the regular quarterly cash dividend of 3 3/4 cents per share on the company's common stock, William J. Rocke, chairman and chief executive officer, announced today. The dividend is payable on September 10, 1997 to shareholders of record on August 20, 1997.
Frontier Adjusters of America, Inc. licenses and franchises independent claims adjusters throughout North America, with 650 advertised locations in 50 states, the District of Columbia, and Canada. The company also owns and operates an independent insurance adjusting business in Arizona.
This press release includes statements with respect to possible results of a newly implemented National and Regional Accounts Program that may constitute forward looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors that would cause or contribute to such differences include, but are not limited to, increased competition from existing and new competitors for the provision of insurance adjusting services, lack of market response to the Company's newly implemented program, and general economic conditions.
For information at Frontier contact:
William J. Rocke, Chairman of the Board
(602) 264-1061