Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's leading provider of explosion-welded clad metal plates,today announced that its board of directors has declared an annual cashdividend of $0.15 per share. The dividend is payable on July 11, 2008, toshareholders of record as of June 27, 2008.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leadinginternational metalworking company. Its products, which are typically usedin industrial capital projects, include explosion-welded clad metal platesand other metal fabrications for use in a variety of industries, includingoil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminumproduction, shipbuilding, power generation, industrial refrigeration andsimilar industries. The Company operates three business segments:Explosive Metalworking, which uses proprietary explosive processes to fusedifferent metals and alloys; Oilfield Products, which manufactures, marketsand sells oilfield perforating equipment and explosives; and AMK Welding,which utilizes various technologies to weld components for use inpower-generation turbines, as well as commercial and military jet engines.For more information, visit the Company's websites athttp://www.dynamicmaterials.com andhttp://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this news releasecontains forward-looking statements that involve risks and uncertaintiesincluding, but not limited to, the following: our ability to obtain newcontracts at attractive prices; the size and timing of customer orders andshipment; fluctuations in customer demand; changes to customer orders; thecyclicality of our business; competitive factors; the timely completion ofcontracts; the timing and size of expenditures; the timely receipt ofgovernment approvals and permits; the adequacy of local labor supplies atour facilities; current or future limits on manufacturing capacity at ourvarious operations; the availability and cost of funds; and generaleconomic conditions, both domestic and foreign, impacting our business andthe business of the end-market users we serve; as well as the other risksdetailed from time to time in the Company's SEC reports, including thereport on Form 10-K for the year ended December 31, 2007.
CONTACT:
Pfeiffer High Investor Relations, Inc.
Geoff High
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