VANCOUVER, Oct. 22, 2013 /CNW/ - Absolute® Software Corporation (TSX:
ABT), the industry standard for persistent endpoint security and
management solutions for computers, laptops, tablets and smartphones,
today announced that its Board of Directors has declared a regular
quarterly cash dividend of $0.06 CAD per share on the common shares in
the capital of the Company, payable on November 28, 2013 to
shareholders of record on November 7, 2013. The new quarterly dividend
represents an increase of 20% over the previous quarterly dividend rate
of $0.05 CAD per common share.
"This dividend increase reflects Absolute's ability to generate
significant and sustainable cash flow, as well as the board's
confidence in the future growth and earnings potential of the
business," said Absolute CEO John Livingston.
Dividends are designated to be eligible dividends pursuant to subsection
89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops,
tablets and smartphones. The Company, a leader in device security and
management tracking for more than 20 years, has over 30,000 commercial
customers worldwide. Absolute's solutions - Computrace®, Absolute
Manage®, Absolute Service, Absolute Secure Drive, and Computrace LoJack
for Laptops - provide organizations with actionable intelligence to
prove compliance, securely manage BYOD, and deliver comprehensive
visibility and control over all of their devices and data. Absolute is
positioned on two Gartner, Inc. Magic Quadrants - the Magic Quadrant
for Client Management Tools and the Magic Quadrant for Mobile Device
Management Software. Absolute is one of only four vendors to be
recognized on both Magic Quadrants based on providing customers with
the ability to secure and manage many different types of devices using
a single solution. Absolute persistence technology is embedded in the
firmware of computers, netbooks, tablets and smartphones by global
leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion,
Panasonic, Samsung, and Toshiba, and the Company has reselling
partnerships with these OEMs and others, including Apple. For more
information about Absolute Software, visit www.absolute.com.
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, the expected performance, functionality and
availability of our services and products, and other expectations,
intentions and plans contained in this press release that are not
historical fact. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and general market
conditions. In light of the many risks and uncertainties you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
Furthermore, the forward-looking statements contained in this press
release are made as at the date hereof and the Company does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
applicable securities laws.
©2013 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation.
LoJack is a registered trademark of LoJack Corporation, used under
license by Absolute Software Corporation. LoJack Corporation is not
responsible for any content herein. U.S. patents No. 5,715,174, No.
5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758,
No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No.
7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234 ,359, No. 8,241,369,
No. 8,307,055, No. 8,332,953, No. 8,346,234, No. 8,362,901, No.
8,418,226, No. 8,419,806, No. 8,441,348 and No. 8,510,825. Canadian
patents No. 2,211,735, No. 2,284,806, No. 2,205,370 and No. 2,771,208.
U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German
patent No. 69512534. Australian patent No. 699045. Japanese patent No.
4067035. Mexican patent No. 297,406. Russian patent No. 2,460,220. The
Toronto Stock Exchange has neither approved nor disapproved of the
information contained in this news release.
SOURCE: Absolute Software Corporation
For further information:
Allison Keller, HORN Group
firstname.lastname@example.org or 1 415 905 4006
Marina Guy, Absolute Software
email@example.com or 1 604 730 9851 x107
Dave Mason, CFA, TMX|Equicom
firstname.lastname@example.org or 1 416 815 0700 x237