|By Marketwired .||
|April 14, 2014 10:25 AM EDT||
EAST RUTHERFORD, NJ -- (Marketwired) -- 04/14/14 -- The Alpine Group, Inc. (PINKSHEETS: APNI) announced today that its Board of Directors had approved an initial distribution to shareholders of $.25 per share pursuant to the Company's Plan of Liquidation adopted last year. The distribution is anticipated to be made on or about April 30, 2014 to shareholders of record on April 25, 2014. Based on current information the Company expects to make additional distributions during the year as it progresses its Plan of Liquidation.
Shareholders should consult their professional tax advisors as to the appropriate income tax treatment of their distributions.
This release has been posted to Alpine's website (www.alpine-group.net).
All statements in this press release other than statements of historical fact are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in this press release. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligations to release publicly any update or revision to any forward-looking statement contained herein if there are any changes in conditions or circumstances on which any such forward-looking statement is based.
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