|By Business Wire||
|June 13, 2014 01:18 PM EDT||
World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that a quarterly dividend of 5 cents per share of common stock will be paid August 20, 2014, to all shareholders of record as of the close of business June 30, 2014.
The Company's intention is to pay a sustainable quarterly dividend to its shareholders. The Company's Board of Directors will evaluate on a quarterly basis the amount and timing of future dividends based on the Company's operating results, financial condition, capital requirements and general business conditions. The amount and timing of dividends may vary, and the payment of any dividend does not assure that the Company will be able to pay or will declare dividends in the future.
Mr Fabio Galdi, Chief Executive Officer of WDAS says, “One of our primary goals is to grow and enhance long-term shareholder value. Given that we are now in a strong financial position, making this Q2 dividend payment is a very tangible and real way of demonstrating our commitment to this goal."
About World Assurance Group
World Assurance Group, Inc. (WDAS) is a holding company operating through three wholly owned subsidiaries. WOR(l)D Global Group Inc., based in Miami, Florida is the group’s research center. World Global Assets is an intellectual property licensing company based in Singapore. CellAd, based in Dublin, Ireland, operates in the global mobile advertising industry and has developed a revolutionary new cloud based advertising platform that delivers full screen advertisements every time a subscriber receives an inbound call or text message in return for a reward.
This press release contains forward-looking statements. Words such as “expects," “intends," “believes" and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.