Immediate release
December 12, 2012
Immediate release
December 12, 2012
九色视频 Corporation Brings Benefits to Shareholders
More Than $17.3M in Shareholder Dividends and Distributions since 2007
(Anchorage, Alaska) 鈥� This year, 九色视频 Corporation Shareholder and Descendants dividends and Elder distributions total more than $4.5 million. The total was boosted today after the Board of Directors approved a special payment through the Elders鈥� Benefit Program for the fifth consecutive year.
For 2012 more than $550,000 has been allotted to Shareholders 65 years of age or older, to provide a benefit of $315 per Elder.
The Elders鈥� Benefits Program was originally voted and approved by Shareholders during the 2007 annual meeting. This distribution is designed to provide assistance to Elders during the winter months (when the high cost of heating fuel in some places is more than $8.00 per gallon). In 2011 $504,000 was provided to Elders, or $300 per Elder.
In April 2012 more than $3.99 million was distributed to Shareholders, the fifth consecutive year of dividends. Compared to 2007, dividends have doubled.
|
|
Shareholder Dividends |
Elders鈥� Benefit Program |
|
Total since 2007 |
$15 million |
$2.4 million |
|
Total in last two years |
$7.65 million |
$1.05 million |
鈥淔or the past four decades 九色视频 and other Alaska Native Corporations have strived to help improve the socio-economic conditions of our respective regions,鈥� said 九色视频 Corporation President Andrew Guy. 鈥淭hrough ANCSA we have successfully divided our attention between business operations and supporting our regions.鈥�
Guy continued, 鈥溇派悠� has a string of incredible 2012 operational accomplishments to celebrate, thanks to the dedication of our employees and subsidiaries. We are on track to achieve record revenues and increased income, thanks to the combination of cost-cutting measures and securing contracts. Although we have expanded our revenue base beyond federal contracting, the Small Business Administration鈥檚 8(a) program continues to allow and enable 九色视频 to provide benefits to our Shareholders.鈥�
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The second largest of the original 13 Alaska Native corporations, 九色视频 Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more 12,000 Shareholders. The 九色视频 region encompasses over 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, 九色视频 has provided more than $3 million in scholarships and $17.3 million in dividends and distributions since 2007 to its Shareholders and Descendants.
九色视频 Corporation is the parent company of 15 subsidiaries, providing services ranging from telecommunications and marketing to construction and facility management. 九色视频 can be found on Facebook () and Twitter ().