TORONTO, April 22 /CNW/ - Asian Television Network International Limited ("ATN" or the "Company") (TSX-SAT), announced today that the Company's Net Earnings as at December 31 2009 were $1,203,089 on total revenues of $16,051,522. To accompany this great news, the Company is pleased to announce that its board of directors has approved the payment of a special one time dividend of $0.01 per share payable to holders of common shares of record as of May 5, 2010. This dividend on the Company's common shares is payable on May 18, 2010. This special one time dividend declaration is in light of the Company's profitability in 2009 and the significant progress made in reducing its long term debt.
ATN is a leader in providing South Asian television programming across Canada. It is also Canada's largest broadcaster of World Class Cricket. ATN operates twenty three television channels including three general interest entertainment channels, four Bollywood movie channels two music channels, two news channels, two sports channels and several other regional language channels. ATN is also the exclusive Canadian Distributor of the IPL, the ICC World Cup 2011 and the ICC T-20 World Cup 2010. We operate ATN Asian Radio on XM 159, the only Satellite Radio channel serving the South Asian Diaspora all across the United States and Canada. ATN video content is also available on any Bell mobile phone that supports video. ATN has programming alliances with leading international broadcasters. For more details please visit www.asiantelevision.com
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SOURCE Asian Television Network International Limited
For further information: For further information: B. Fulton, CA, CFO, Asian Television Network International Limited, Newmarket, Ontario, L3Y 5S9, (905) 836-6460