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Note 8. Subsequent Events
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Subsequent Events

On July 3, 2018, the Company entered into a Stock Purchase Agreement with Fred Gautreau whereby the Company acquired all of the outstanding stock of Filing Services Canada Inc. (“FSCwire”) for $1,140,000 in cash and 3,402 shares of common stock (equivalent value of $68,000 at closing) paid at closing to Mr. Gautreau (with $180,000 of cash purchase price remaining in escrow for no more than eighteen months), resulting in a total purchase price of $1,208,000, subject to a closing working capital adjustment as outlined in the stock purchase agreement. FSCwire is located in Calgary, Canada and is focused on the Canadian press release distribution market. Subsequent to the closing date, FSCwire will be a wholly-owned subsidiary of ACCESSWIRE Canada, which was formed as a wholly-owned subsidiary of the Company for the purposes of the acquisition.

 

On July 10, 2018, the Company's Board of Directors approved and declared a quarterly cash dividend of $0.05 per share. The dividend is payable on August 13, 2018, to stockholders of record as of the close of business on July 24, 2018.